Champions School of Real Estate Study guides, Class notes & Summaries

champions school of real estate law of agency chapter quiz Questions and Correct Answers 2024 An agency relationship exists when one person, the ______________ acts for, or on the behalf of another person, the _____________________. - Answer -Agent, principal Which of the following is ground for suspension or revocation of license by TREC? - Answer -Splitting commission with a person other than a license holder The commission can deny licensure to an applicant based on the applicants? - A...

Real Estate Brokerage SAE - Champion's School of Real Estate Questions and Correct Solutions 2024 Search Engine Optimization (SEO) - Answer -The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. Fcebook Live - Answer -Video streaming through facebook. CoStar Database - Answer -Functions much like a residential MLS, connecting commercial agents with brokerages, owners, lenders, pro...

Principles of real estate I (Champions) Questions and Correct Answers 2024 Subsurface rights - Answer -Rights that include ownership of oil, gas and other minerals Surface and air rights - Answer -Rights that are conveyed in a cell tower lease Improvement - Answer -Any permanent man-made addition to the land Personal property - Answer -Things of a temporary, movable nature Modular homes - Answer -Factory-built housing built to local building codes Riparian rights - Answer -Rights that an ...

Real Estate Finance I-CHAMPIONS Questions and Correct Answers Latest 2024 The minimum downpayment on a VA loan is: (a) 2% of the sales price (b) 0% of the sales price (c) 3.75% of the sales price (d) 1% of the sales price - Answer -B _________ is the process of creating a new mortgage loan. (a) Origination (b) Funding (c) Underwriting (d) Servicing * - Answer -A A veteran can have more than one VA loan:(a) If the prior VA loan was paid in full and the property disposed of (b) The p...

Residential Inspection for Real Estate Agents - Champions School of Real Estate Questions and Correct Answers 2024 Deficiency - Answer -A ________, in the reasonable judgment of the inspector, is a condition that adversely and materially affects the performance of a system, or component. Inspection - Answer -Process of examining accessible items, and reporting their condition RESPA - Answer -Prohibits abusive practices like undisclosed referral fees and kickbacks. Designed to help consu...

Texas Real Estate Law - SAE Champions School Of Real Estate Correctly Answered 2024 CERCLA Liability Rules - Answer -Hazardous Substance Liability 1. Owner 2. Prop Manager 3. Cleaner of the Facility Fair Credit Reporting Act - Answer -A federal law that established procedures that consumer-reporting agencies must follow in order to ensure that records are confidential, accurate, relevant and properly used. Truth in Lending Act - Answer -An act which requires lenders to inform borrowers o...

Principles of Real Estate 2 Champion Questions and Correct Solutions 2024 An opinion of value - Answer -The appraised value of a property is: assessed value - Answer -the amount that your local government determines your property to be worth for tax purposes subject property - Answer -The property that is being appraised. ad valorem - Answer -according to value Principle of Conformity - Answer -Maximum value is found when there is a reasonable degree of similarity or homogeneity USPAP (...

Principles of Real Estate 2 Champion Questions and Correct Solutions 2024 What does D.U.S.T. stand for? - Answer -Demand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance - Answer -Loan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its component parts. - Answer -principle of contribution the forces acting on a parcel of land are always affecting the value of the land - Answ...

Champions School of Real Estate - Exam Prep with Correct Solutions 2024 Buyer Representation Agreement - Answer -An employment contract obligating a broker to act as a fiduciary to a buyer Implied Agency - Answer -Agency as a result of customary, usual or typical conditions Broker - Answer -A properly licensed party who serves a principal in an agency relationship- also called an agent Client - Answer -A party represented by a broker in an agency relationship - also called a principal Du...

Champions School of Real Estate Marketing SAE with Correct Answers 2024 Price - Answer -The most common reason a property fails to sell is __________. Marketing - Answer -Matching human needs with goods or services to meet those needs is the process of ____ agent - Answer -Problem solving is a key personality trait of a successful ___ D in AIDA stand for - Answer -Desire Four P's of Marketing - Answer -Product, Price, Place, Promotion A-I-D-A - Answer -The four psychological steps of a ...