Champions Principles of Real Estate 2 (2026)
EXAM QUESTIONS AND ALL CORRECT
ANSWERS 100% SOLVED AND GUARANTEED
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Practice questions for this set
Learn 1/6 Study with Learn
(1) The Sales Comparison Approach
(2) The Cost Approach,
(3) The Income Approach.
Choose an answer
1 Three approaches to value 2 appraisal
3 Sales Comparison Approach 4 Principal of Contribution
Don't know?
Terms in this set (91)
, appraisal value of a property maybe affected by social,
economic, govt and environmental influences
Loan-to-Value Ratio (LTV) The percentage of value or sales price that a
lender is willing to finance.
limited appraisal report exterior only/drive by inspection. deemed as low
risk loan
highest and best use of property legal use that gives the greatest return
Principal of Contribution cost does not equal value
Residential Mortgage Loan Must be certified licence holders and is
Originators (RMLO) mandated by the SAFE ACT (TX dept of savings
and mortgage lending)
Principle of Anticipation purchase price is affected by the expectation of
future appeal and benefits
Principal of Substitution value of a commodity is influenced by the cost of
acquiring subsitute or comparable item
Principal of progression value of properties around yours goes up; so
does yours
Principal of Regression The Value of more expensive home placed in a
neighborhood of less expensive homes will drop
in value
Market Value the most probable price a property should bring
in a competitive and open market under fair
conditions requisit to a fair sale.
EXAM QUESTIONS AND ALL CORRECT
ANSWERS 100% SOLVED AND GUARANTEED
SUCCESS!
Save
Practice questions for this set
Learn 1/6 Study with Learn
(1) The Sales Comparison Approach
(2) The Cost Approach,
(3) The Income Approach.
Choose an answer
1 Three approaches to value 2 appraisal
3 Sales Comparison Approach 4 Principal of Contribution
Don't know?
Terms in this set (91)
, appraisal value of a property maybe affected by social,
economic, govt and environmental influences
Loan-to-Value Ratio (LTV) The percentage of value or sales price that a
lender is willing to finance.
limited appraisal report exterior only/drive by inspection. deemed as low
risk loan
highest and best use of property legal use that gives the greatest return
Principal of Contribution cost does not equal value
Residential Mortgage Loan Must be certified licence holders and is
Originators (RMLO) mandated by the SAFE ACT (TX dept of savings
and mortgage lending)
Principle of Anticipation purchase price is affected by the expectation of
future appeal and benefits
Principal of Substitution value of a commodity is influenced by the cost of
acquiring subsitute or comparable item
Principal of progression value of properties around yours goes up; so
does yours
Principal of Regression The Value of more expensive home placed in a
neighborhood of less expensive homes will drop
in value
Market Value the most probable price a property should bring
in a competitive and open market under fair
conditions requisit to a fair sale.
