Page |1
Champions School of Real Estate-
Principles of Real Estate I Questions and
Correct Answers/ Latest Update / Already
Graded
3 Physical Characteristics of Land
Ans: Indestructibility or durability
Immobility
Non homogeneity
Mortgage Lending
Ans: business of providing money to individuals or
corporations for the conditional transfer or pledge of real
estate as security for payment of a debt
RMLO
Ans: Residential Mortgage Lenders Originator
Property Management
Ans: Management of residential and commercial properties on
behalf of owner/investor
All rights reserved © 2025/ 2026 |
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Apartment Locators
Ans: Locates rentals of tenants in multi-family complexes. Has
knowledge of amenities of all complexes in the market area.
Paid a fee by apartment complex for referals
Home Inspectors
Ans: Inspects properties for habitability including HVAC,
Plumbing, electrical and construction methods
Real Estate Development
Ans: Involves the acquisition of land for development into
residential subdivisions, retail center and commercial uses
Oil and Gas Landman
Ans: Negotiates oil and gas leases with mineral owners. Title
work to determine mineral ownership
TREC
Ans: Texas Real Estate Commision
Education Standards Advisory Cmte
All rights reserved © 2025/ 2026 |
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Ans: 12 members-7 brokers, 4 education board members, 1
public member. Reviews and revises curriculum standards,
course requirements.
NAR-National Association of Realtors
Ans: Largest professional organization for RE profs. Divided
into State and Local boards. Operates the MLS
IREM-Institute of RE Mgmt
Ans: Intl cmte of RE managers.
CCIM-Certified Commercial Investment Memeber
Ans: Est 1954. Furthers business practices through education
and networking
SIOR-Society of Industrial and office realtors
Ans: Professional affiliate of the NAR. Specializes in industrial,
office, sales managers, executive manager or advisory service
ICSC-International Council of Shopping Centers
All rights reserved © 2025/ 2026 |
, Page |4
Ans: Purpose is to advance the shopping center industry.
Promotes commercial distribution of consumer goods and
service
BOMA-Building Owners and Managers Assoc
Ans: Member are building owners, managers, developers,
leasing professionals, corporate facility managers, asset
managers, and providers of products and services to operate
commercial properties
Land is developed...
Ans: by appearance, location and scenic value
Land is described...
Ans: by utility and suitability for a specific use
Land and Real Estate property
Ans: must be described in a distinguishable manner from
personal property.
4 Economic Characteristics of Land
All rights reserved © 2025/ 2026 |
Champions School of Real Estate-
Principles of Real Estate I Questions and
Correct Answers/ Latest Update / Already
Graded
3 Physical Characteristics of Land
Ans: Indestructibility or durability
Immobility
Non homogeneity
Mortgage Lending
Ans: business of providing money to individuals or
corporations for the conditional transfer or pledge of real
estate as security for payment of a debt
RMLO
Ans: Residential Mortgage Lenders Originator
Property Management
Ans: Management of residential and commercial properties on
behalf of owner/investor
All rights reserved © 2025/ 2026 |
, Page |2
Apartment Locators
Ans: Locates rentals of tenants in multi-family complexes. Has
knowledge of amenities of all complexes in the market area.
Paid a fee by apartment complex for referals
Home Inspectors
Ans: Inspects properties for habitability including HVAC,
Plumbing, electrical and construction methods
Real Estate Development
Ans: Involves the acquisition of land for development into
residential subdivisions, retail center and commercial uses
Oil and Gas Landman
Ans: Negotiates oil and gas leases with mineral owners. Title
work to determine mineral ownership
TREC
Ans: Texas Real Estate Commision
Education Standards Advisory Cmte
All rights reserved © 2025/ 2026 |
, Page |3
Ans: 12 members-7 brokers, 4 education board members, 1
public member. Reviews and revises curriculum standards,
course requirements.
NAR-National Association of Realtors
Ans: Largest professional organization for RE profs. Divided
into State and Local boards. Operates the MLS
IREM-Institute of RE Mgmt
Ans: Intl cmte of RE managers.
CCIM-Certified Commercial Investment Memeber
Ans: Est 1954. Furthers business practices through education
and networking
SIOR-Society of Industrial and office realtors
Ans: Professional affiliate of the NAR. Specializes in industrial,
office, sales managers, executive manager or advisory service
ICSC-International Council of Shopping Centers
All rights reserved © 2025/ 2026 |
, Page |4
Ans: Purpose is to advance the shopping center industry.
Promotes commercial distribution of consumer goods and
service
BOMA-Building Owners and Managers Assoc
Ans: Member are building owners, managers, developers,
leasing professionals, corporate facility managers, asset
managers, and providers of products and services to operate
commercial properties
Land is developed...
Ans: by appearance, location and scenic value
Land is described...
Ans: by utility and suitability for a specific use
Land and Real Estate property
Ans: must be described in a distinguishable manner from
personal property.
4 Economic Characteristics of Land
All rights reserved © 2025/ 2026 |
