1/3/25, 10:38 AM CHAMPIONS SCHOOL OF REAL ESTATE – REAL ESTATE EXAM 300 QUESTIONS WITH COMPLETE SOLUTIONS 2025 (VERI…
CHAMPIONS SCHOOL OF REAL ESTATE – REAL
ESTATE EXAM 300 QUESTIONS WITH COMPLETE
SOLUTIONS 2025 (VERIFIED ANSWERS) A+
RATED
Practice questions for this set
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Studied 7 terms
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Continue studying in Learn
Terms in this set (301)
The aspect of the real estate business that pertains to
Brokerage overseeing the needs of the parties and completing a
transaction
Property Managers are Day to Day operations, Maintenance and Tenant
generally responsible for Relations
the following
RMLO Mortgage Brokers are known as
The largest trade organization representing real
NAR
estate professionals is
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, 1/3/25, 10:38 AM CHAMPIONS SCHOOL OF REAL ESTATE – REAL ESTATE EXAM 300 QUESTIONS WITH COMPLETE SOLUTIONS 2025 (VERI…
A fair return or equivalent in goods, services, or
Value
money for something exchanged
Building Owners & Managers Association (oldest
BOMA
organization)
Benefits of home Occupancy, Tax Benefits, Pride, Security, Investment
ownership
Federal Housing In 1934 the US Government's first major direct
Administration involvement in the residential finance market
Physical Characteristic of Land cannot be destroyed
Land: Indestructibility or
Durability
Physical Characteristic of Land cannot be moved
Land: Immobility
Physical Characteristic of No two parcels of land are the same
Land: Nonhomogeneity
Economic Characteristic The theory of Supply & Demand
of Land: Scarcity
Economic Characteristic Value is affected by man made changes to the land
of Land: Modification
Economic Characteristic Land, and additions to the land such as buildings, take
of Land: Fixity long periods of time to pay for themselves
Economic Characteristic Location of the property or land from an economic,
of Land: Situs not a geographic viewpoint
When the demand is high and the supply is low, the
Supply & Demand prices go up. Likewise, prices decline when the supply
is high and the demand is low
Supply can be restricted Land costs, Construction, Taxation, Economics and
by a number of factors Local government building codes and zoning
including: ordanances
https://quizlet.com/989360326/champions-school-of-real-estate-real-estate-exam-300-questions-with-complete-solutions-2025-verified-answers-a-rate… 2/8
CHAMPIONS SCHOOL OF REAL ESTATE – REAL
ESTATE EXAM 300 QUESTIONS WITH COMPLETE
SOLUTIONS 2025 (VERIFIED ANSWERS) A+
RATED
Practice questions for this set
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (301)
The aspect of the real estate business that pertains to
Brokerage overseeing the needs of the parties and completing a
transaction
Property Managers are Day to Day operations, Maintenance and Tenant
generally responsible for Relations
the following
RMLO Mortgage Brokers are known as
The largest trade organization representing real
NAR
estate professionals is
https://quizlet.com/989360326/champions-school-of-real-estate-real-estate-exam-300-questions-with-complete-solutions-2025-verified-answers-a-rate… 1/8
, 1/3/25, 10:38 AM CHAMPIONS SCHOOL OF REAL ESTATE – REAL ESTATE EXAM 300 QUESTIONS WITH COMPLETE SOLUTIONS 2025 (VERI…
A fair return or equivalent in goods, services, or
Value
money for something exchanged
Building Owners & Managers Association (oldest
BOMA
organization)
Benefits of home Occupancy, Tax Benefits, Pride, Security, Investment
ownership
Federal Housing In 1934 the US Government's first major direct
Administration involvement in the residential finance market
Physical Characteristic of Land cannot be destroyed
Land: Indestructibility or
Durability
Physical Characteristic of Land cannot be moved
Land: Immobility
Physical Characteristic of No two parcels of land are the same
Land: Nonhomogeneity
Economic Characteristic The theory of Supply & Demand
of Land: Scarcity
Economic Characteristic Value is affected by man made changes to the land
of Land: Modification
Economic Characteristic Land, and additions to the land such as buildings, take
of Land: Fixity long periods of time to pay for themselves
Economic Characteristic Location of the property or land from an economic,
of Land: Situs not a geographic viewpoint
When the demand is high and the supply is low, the
Supply & Demand prices go up. Likewise, prices decline when the supply
is high and the demand is low
Supply can be restricted Land costs, Construction, Taxation, Economics and
by a number of factors Local government building codes and zoning
including: ordanances
https://quizlet.com/989360326/champions-school-of-real-estate-real-estate-exam-300-questions-with-complete-solutions-2025-verified-answers-a-rate… 2/8
