Principles of Real Estate 1- Champions School of Real Estate EXAM QUESTIONS AND ANSWERS 100% CORRECT!

, Principles of Real Estate 1- Champions
School of Real Estate EXAM QUESTIONS
AND ANSWERS 100% CORRECT!
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 - ANSWER D.) Modification

The supply of Real Estate is affected by
A.) Land cost
B.) Building codes
C.) Government regulations
D.) All of these - ANSWER 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 - ANSWER 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 - ANSWER 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