CHAMPIONS SCHOOL OF REAL ESTATE –
PRINCIPLES OF REAL ESTATE | ACTUAL EXAM
QUESTIONS WITH VERIFIED ANSWERS UPDATED
2026/2027 GUARANTEED PASS.
Demand is affected by factors including: - ANSWER_ Growth in
employment, Transportation systems, Personal preference, Availability
of credit and Federal government policy
Comprehensive Environmental Response, Compensation, and Liability
Act (CERCLA) - ANSWER_ Designed to clean up sites contaminated
with hazardous substances, pollutants or contaminants
Potentially Responsible Party (PRP) - ANSWER_A possible polluter
who may be held liable under CERCLA for the contamination of a
property or resource
Short Sale - ANSWER_ When a property, with the consent of the lender,
is sold by an owner/borrower at a price that is not sufficient to pay off ht
existing mortgage
National Association of Realtors Certified Commercial Investment
Member (CCIM) - ANSWER_ Challenging program for commercial real
estate professionals that is regarded as the "Gold Standard" for
commercial designations
,Accredited Buyer's Representative (ABR) - ANSWER_ Especially
useful for Residential buyer's agents
Appreciation - ANSWER_ The passive increase in the value of a parcel
due to market forces
Size of the Employment Market – ANSWER _The single most important
determinant of value in residential real estate
Real Estate Owned (REO) - ANSWER_ When a lending institution
becomes the owner of a property through a foreclosure
Leverage - ANSWER_ Using borrowed money to make money
Real Estate Investment Syndicate - ANSWER_A method of raising
funds for the purchase of real estate. May be organized as a limited or
general partnership, or a corporation.
Gross Scheduled Income – ANSWER _Potential income of a property in
the amount of rent that would be collected in a year
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, Real Estate Investment Trusts (REIT) – ANSWER _Investment vehicle
created by Congress in 1960. Requires a minimum of 100 investors. Two
types, equity and mortgage.
Percentage Rent – ANSWER _All or part of the rental is based on the
gross receipts of the tenant's business
Term – ANSWER Duration of the agreement
Estate for years - ANSWER_A lease with a definite beginning and
ending dates
Lessor – ANSWER _Landlord or owner
Expiration – ANSWER _When a lease agreement comes to the end of
the lease period and terminates
Action of forcible detainer - ANSWER_ The legal process to evict
The Landlord Tenant Act – ANSWER _Defines the rights and
obligations of both the landlord and the tenant in the leasing of
residential and commercial properties
PRINCIPLES OF REAL ESTATE | ACTUAL EXAM
QUESTIONS WITH VERIFIED ANSWERS UPDATED
2026/2027 GUARANTEED PASS.
Demand is affected by factors including: - ANSWER_ Growth in
employment, Transportation systems, Personal preference, Availability
of credit and Federal government policy
Comprehensive Environmental Response, Compensation, and Liability
Act (CERCLA) - ANSWER_ Designed to clean up sites contaminated
with hazardous substances, pollutants or contaminants
Potentially Responsible Party (PRP) - ANSWER_A possible polluter
who may be held liable under CERCLA for the contamination of a
property or resource
Short Sale - ANSWER_ When a property, with the consent of the lender,
is sold by an owner/borrower at a price that is not sufficient to pay off ht
existing mortgage
National Association of Realtors Certified Commercial Investment
Member (CCIM) - ANSWER_ Challenging program for commercial real
estate professionals that is regarded as the "Gold Standard" for
commercial designations
,Accredited Buyer's Representative (ABR) - ANSWER_ Especially
useful for Residential buyer's agents
Appreciation - ANSWER_ The passive increase in the value of a parcel
due to market forces
Size of the Employment Market – ANSWER _The single most important
determinant of value in residential real estate
Real Estate Owned (REO) - ANSWER_ When a lending institution
becomes the owner of a property through a foreclosure
Leverage - ANSWER_ Using borrowed money to make money
Real Estate Investment Syndicate - ANSWER_A method of raising
funds for the purchase of real estate. May be organized as a limited or
general partnership, or a corporation.
Gross Scheduled Income – ANSWER _Potential income of a property in
the amount of rent that would be collected in a year
,Thank you for Purchasing this exam
Study Guide. We provide high-quality
academic materials to help students
excel in exams. Our other Services
include but not limited to: academic
research, University & College
assignments writing, essay writing,
Online Classes, and research projects.
Our services are reliable, affordable,
and plagiarism-free. All the Best in
your Exam. For more information;
Contact us at:
or
0R +254
741484450
, Real Estate Investment Trusts (REIT) – ANSWER _Investment vehicle
created by Congress in 1960. Requires a minimum of 100 investors. Two
types, equity and mortgage.
Percentage Rent – ANSWER _All or part of the rental is based on the
gross receipts of the tenant's business
Term – ANSWER Duration of the agreement
Estate for years - ANSWER_A lease with a definite beginning and
ending dates
Lessor – ANSWER _Landlord or owner
Expiration – ANSWER _When a lease agreement comes to the end of
the lease period and terminates
Action of forcible detainer - ANSWER_ The legal process to evict
The Landlord Tenant Act – ANSWER _Defines the rights and
obligations of both the landlord and the tenant in the leasing of
residential and commercial properties
