PRINCIPLES OF REAL ESTATE 1-
CHAMPIONS SCHOOL OF REAL ESTATE
EXAM
PRINCIPLES OF REAL ESTATE 1- CHAMPIONS SCHOOL OF REAL ESTATE EXAM |
VERIFIED
A freeway has made commuting to a distant suburban neighborhood easier,
resulting in an increase in new home sales. This increase in sales is an example of
the economic characteristic of
A.) Scarcity
B.) Fixity
C.) Situs
D.) Modification - accurate answers✔✔ d.) Modification
The supply of real estate is affected by
A.) Land cost
B.) Building codes
,C.) Government regulations
D.) All of these - accurate answers✔✔ d.) All of these
The least important factor affecting demand for real estate is:
A.) Population growth
B.) Personal preference
C.) Availability of credit
D.) Transportation systems - accurate answers✔✔ b.) Personal preference
A lawsuit was tried on a real estate matter. The judge ruled in the case, citing the
decision of a judge in a similar case that was tried ten years ago. The judges
decision in the case was most likely based upon:
A.) Statutory law
B.) Civil law
C.) Common law
D.) Local ordinance - accurate answers✔✔ c.) Common law
A license holder was tried in a state district court on a complaint arising from a real
estate transaction. The court ruled that, among other transgressions, the defendant
had violated the texas real estate license act. This decision of the judge was based
upon:
A.) Statutory law
B.) Civil law
C.) Common law
D.) Local ordinance - accurate answers✔✔ a.) Statutory law
Rmlos in texas are licensed through:
, A.) Texas real estate commission
B.) National mortgage bankers association
C.) Texas department of savings and mortgage lending
D.) Texas savings and loan board - accurate answers✔✔ c.) Texas department of
savings and mortgage lending
A freeway has made commuting to a distant suburban neighborhood easier,
resulting in an increase in new home sales. This increase in sales is an example of
the economic characteristics of:
A.) Scarcity
B.) Fixity
C.) Situs
D.) Modification - accurate answers✔✔ d.) Modification
Air rights are commonly leased or conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor advertising
D.) All of these are correct - accurate answers✔✔ d) all of these
Building, roads and fences are all examples of:
A.) Personal property
B.) Private property
C.) Improvements
D.) Public property - accurate answers✔✔ c.) Improvements
CHAMPIONS SCHOOL OF REAL ESTATE
EXAM
PRINCIPLES OF REAL ESTATE 1- CHAMPIONS SCHOOL OF REAL ESTATE EXAM |
VERIFIED
A freeway has made commuting to a distant suburban neighborhood easier,
resulting in an increase in new home sales. This increase in sales is an example of
the economic characteristic of
A.) Scarcity
B.) Fixity
C.) Situs
D.) Modification - accurate answers✔✔ d.) Modification
The supply of real estate is affected by
A.) Land cost
B.) Building codes
,C.) Government regulations
D.) All of these - accurate answers✔✔ d.) All of these
The least important factor affecting demand for real estate is:
A.) Population growth
B.) Personal preference
C.) Availability of credit
D.) Transportation systems - accurate answers✔✔ b.) Personal preference
A lawsuit was tried on a real estate matter. The judge ruled in the case, citing the
decision of a judge in a similar case that was tried ten years ago. The judges
decision in the case was most likely based upon:
A.) Statutory law
B.) Civil law
C.) Common law
D.) Local ordinance - accurate answers✔✔ c.) Common law
A license holder was tried in a state district court on a complaint arising from a real
estate transaction. The court ruled that, among other transgressions, the defendant
had violated the texas real estate license act. This decision of the judge was based
upon:
A.) Statutory law
B.) Civil law
C.) Common law
D.) Local ordinance - accurate answers✔✔ a.) Statutory law
Rmlos in texas are licensed through:
, A.) Texas real estate commission
B.) National mortgage bankers association
C.) Texas department of savings and mortgage lending
D.) Texas savings and loan board - accurate answers✔✔ c.) Texas department of
savings and mortgage lending
A freeway has made commuting to a distant suburban neighborhood easier,
resulting in an increase in new home sales. This increase in sales is an example of
the economic characteristics of:
A.) Scarcity
B.) Fixity
C.) Situs
D.) Modification - accurate answers✔✔ d.) Modification
Air rights are commonly leased or conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor advertising
D.) All of these are correct - accurate answers✔✔ d) all of these
Building, roads and fences are all examples of:
A.) Personal property
B.) Private property
C.) Improvements
D.) Public property - accurate answers✔✔ c.) Improvements
