Principles of Real Estate 1- Champions School of
Real Estate Exam Questions With Correct
Answers
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 |- |CORRECT |ANSWER✔✔-D.) |Modification
The |supply |of |Real |Estate |is |affected |by |
A.) |Land |cost
B.) |Building |codes |
C.) |Government |regulations |
D.) |All |of |these |- |CORRECT |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 |- |CORRECT |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 |- |CORRECT |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 |
C.) |Common |Law |
D.) |Local |Ordinance |- |CORRECT |ANSWER✔✔-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 |- |CORRECT |ANSWER✔✔-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 |- |CORRECT |ANSWER✔✔-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 |- |CORRECT |ANSWER✔✔-D) |all |of |these
Building, |roads |and |fences |are |all |examples |of: |
A.) |Personal |Property
B.) |Private |Property |
C.) |Improvements |
D.) |Public |Property |- |CORRECT |ANSWER✔✔-C.) |Improvements
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 |- |CORRECT |ANSWER✔✔-C.) |Accession
Effective |in |1976, |manufactured |homes |have |been |built |according |to |a |building |code |
administered |by: |
A.) |Local |building |departments |
B.) |State |code |enforcement |
C.) |HUD
Real Estate Exam Questions With Correct
Answers
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 |- |CORRECT |ANSWER✔✔-D.) |Modification
The |supply |of |Real |Estate |is |affected |by |
A.) |Land |cost
B.) |Building |codes |
C.) |Government |regulations |
D.) |All |of |these |- |CORRECT |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 |- |CORRECT |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 |- |CORRECT |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 |
C.) |Common |Law |
D.) |Local |Ordinance |- |CORRECT |ANSWER✔✔-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 |- |CORRECT |ANSWER✔✔-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 |- |CORRECT |ANSWER✔✔-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 |- |CORRECT |ANSWER✔✔-D) |all |of |these
Building, |roads |and |fences |are |all |examples |of: |
A.) |Personal |Property
B.) |Private |Property |
C.) |Improvements |
D.) |Public |Property |- |CORRECT |ANSWER✔✔-C.) |Improvements
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 |- |CORRECT |ANSWER✔✔-C.) |Accession
Effective |in |1976, |manufactured |homes |have |been |built |according |to |a |building |code |
administered |by: |
A.) |Local |building |departments |
B.) |State |code |enforcement |
C.) |HUD
