,Principles of Real Estate 1- Champions
School of Real Estate EXAM QUESTIONS
AND ANSWERS 100% CORRECT!
D - ANSWER 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
D - ANSWER The supply of Real Estate is affected by
(a) Land cost
(b) Building codes
(c) Government regulations
(d) All of these
B - ANSWER The least important factor affecting demand for real estate is:
(a) Population Growth
(b) Personal Preference
(c) Availability of Credit
(d) Transportation Systems
C - ANSWER 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
, A - ANSWER 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
D - ANSWER 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
D - ANSWER Air Rights are commonly leased or conveyed in:
(a) Cell tower leases
(b) Condominiums
(c) Outdoor Advertising
(d) All of these are correct
C - ANSWER Building, roads and fences are all examples of:
(a) Personal Property
(b) Private Property
(c) Improvements
(d) Public Property
C - ANSWER If a tenant fails to remove trade fixtures from the leased premises, the
fixtures become the property of the landlord through:
(a) Remediation
(b) Adverse Possession
(c) Accession
(d) Descent
School of Real Estate EXAM QUESTIONS
AND ANSWERS 100% CORRECT!
D - ANSWER 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
D - ANSWER The supply of Real Estate is affected by
(a) Land cost
(b) Building codes
(c) Government regulations
(d) All of these
B - ANSWER The least important factor affecting demand for real estate is:
(a) Population Growth
(b) Personal Preference
(c) Availability of Credit
(d) Transportation Systems
C - ANSWER 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
, A - ANSWER 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
D - ANSWER 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
D - ANSWER Air Rights are commonly leased or conveyed in:
(a) Cell tower leases
(b) Condominiums
(c) Outdoor Advertising
(d) All of these are correct
C - ANSWER Building, roads and fences are all examples of:
(a) Personal Property
(b) Private Property
(c) Improvements
(d) Public Property
C - ANSWER If a tenant fails to remove trade fixtures from the leased premises, the
fixtures become the property of the landlord through:
(a) Remediation
(b) Adverse Possession
(c) Accession
(d) Descent
