Champion School Of Real Estate

This document presents a comprehensive set of 100 exam-ready questions and answers on Real Estate Financing, carefully crafted for the 2025/2026 academic year at Champions University. It provides a structured and high-yield review of essential financial, legal, and procedural concepts necessary for success in both academic and licensing settings. Students will find fully explained answers covering critical topics such as: Mortgage mechanics: fixed-rate, adjustable-rate, subprime, seller fi...

This document features 100 fully solved real estate financing exam questions and answers, tailored for the 2025/2026 academic year. It offers a complete, well-organized study resource designed to help students master essential concepts in U.S. real estate finance. Structured in a Q&A format, the content provides detailed explanations that make complex financial topics accessible and exam-ready. Key topics include: Types of mortgages (e.g., fixed-rate, adjustable-rate, package, blanket, ope...

CHAMPION SCHOOL OF REAL ESTATE EXAM ALL QUESTIONS WITH 100% CORRECT ANSWERS.

Champions School Of Real Estate Promulgated forms UPDATED ACTUAL Exam Questions and CORRECT Answers What contract form would you use if you're an agent selling a townhome - CORRECT ANSWER - 1-4 family What type of transaction are TRECS contract promulgated forms used for - CORRECT ANSWER - Residential Who are buyers supposed to hire for inspections - CORRECT ANSWER Inspectors - TREC licensed What % does the lender required repairs have to exceed in order for buyers...

Promulgated Contract Forms - Champions school of real estate UPDATED ACTUAL Exam Questions and CORRECT Answers mutual consent - CORRECT ANSWER Unilateral Contract - CORRECT ANSWER obligated to perform. one sided Consideration - CORRECT ANSWER Option - CORRECT ANSWER - a "meeting of the minds" - A contract in which only one party Is - something given in exchange for a promise - an agreement between a buyer and seller giving the buyer the right to purchase a prop...

Law of Contracts - Champions School of Real Estate UPDATED ACTUAL Exam Questions and CORRECT Answers TERLA - CORRECT ANSWER - Created in 1939 TREC - CORRECT ANSWER - - Texas Real Estate License Act - - Texas Real Estate Commission - Created in 1949 to administer/enforce TERLA Real Estate Center - CORRECT ANSWER - Created in 1970 - - Located at Texas A&M Universit

Champions School of Real Estate: Law of Contracts UPDATED ACTUAL Exam Questions and CORRECT Answers Default - CORRECT ANSWER contract, that party is in _________. - When a party to a contract fails to perform under the Breach of Contract - CORRECT ANSWER to as a ___________ Injured Party - CORRECT ANSWER - Failure to perform is also commonly referred - When a party is in default or has breached the contract, the other party is known as the ______________

Champion School of Real Estate-Law of Contracts UPDATED Exam Questions and CORRECT Answers Texas Real Estate Commission - CORRECT ANSWER - TREC-created by the Legislature in 1949. 9 member commission whose primary purpose is to carry out the provision of the License Act Real Estate Recovery Trust Account - CORRECT ANSWER - administered by TREC. the purpose of the account is to protect aggrieved individuals who suffer monetary loss due to illegal acts of license holders ...

Chapter 1 National Real Estate Exam Prep (Champions School of Real estate) UPDATED ACTUAL Exam Questions and CORRECT Answers Real property - CORRECT ANSWER - Land, improvements attached to land, benefits rights, and ownership interests that go with the land. Appurtenance - CORRECT ANSWER - Used to describe rights, privileges or improvements that belong to or pass with the land. Improvements - CORRECT ANSWER landscaping. - Man's additions to the land such as buildin...

Champion School of Real Estate ACTUAL UPDATED Exam Questions and CORRECT Answers Default - CORRECT ANSWER - when a party to a contract fails to perform under the contract (also referred to as breach of contract) Types of Damages - CORRECT ANSWER -Monetary Damages -Specific Performance 2 TREC Lease Forms - CORRECT ANSWER - -Refund of Earnest Money - 1. Buyer's Temporary Residential Lease - for use when the buyer occupies the property for no more than 90 days prior to cl...