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Champions Principles of Real Estate/Champions School of Real Estate-Principles ALL TESTS COMBINED
Champions Principles of Real Estate/Champions School of Real Estate-Principles ALL TESTS COMBINED
[Meer zien]Champions Principles of Real Estate/Champions School of Real Estate-Principles ALL TESTS COMBINED
[Meer zien]Real Estate Finance ICHAMPIONS 100% 
SOLUTION 
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...
Voorbeeld 2 van de 15 pagina's
In winkelwagenReal Estate Finance ICHAMPIONS 100% 
SOLUTION 
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...
Principles of Real Estate 1- 
Champions School of Real 
Estate 
D.) Modification - ANSWER 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....
Voorbeeld 2 van de 11 pagina's
In winkelwagenPrinciples of Real Estate 1- 
Champions School of Real 
Estate 
D.) Modification - ANSWER 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....
Champions School of 
Real Estate-Principles 
of Real Estate II 
Appraisal - ANSWER an appraiser's opinion of value, used to determine market value 
property to secure the loan 
Loan to Value Ratio - ANSWER Percentage of value or sales price that a lender is 
willing to finance 
Desk Review - AN...
Voorbeeld 2 van de 9 pagina's
In winkelwagenChampions School of 
Real Estate-Principles 
of Real Estate II 
Appraisal - ANSWER an appraiser's opinion of value, used to determine market value 
property to secure the loan 
Loan to Value Ratio - ANSWER Percentage of value or sales price that a lender is 
willing to finance 
Desk Review - AN...
Champions School of Real 
Estate-Principles of Real 
Estate I 100% VERIFIED 
SOLUTIONS 
3 Physical Characteristics of Land - ANSWER Indestructibility or durability 
Immobility 
Non homogeneity 
Mortgage Lending - ANSWER business of providing money to individuals or 
corporations for the conditio...
Voorbeeld 2 van de 14 pagina's
In winkelwagenChampions School of Real 
Estate-Principles of Real 
Estate I 100% VERIFIED 
SOLUTIONS 
3 Physical Characteristics of Land - ANSWER Indestructibility or durability 
Immobility 
Non homogeneity 
Mortgage Lending - ANSWER business of providing money to individuals or 
corporations for the conditio...
Texas Promulgated 
Contracts CHAMPIONS 
Exam 2022-2023. 
The elements of a valid contract are, competent parties, consideration, legal subject 
matter, in writing, and ___________. 
(a) Default 
(b) Mutual consent 
(c) Property condition 
(d) Recording - CORRECT ANSWER B 
A(n) __________________ ...
Voorbeeld 3 van de 25 pagina's
In winkelwagenTexas Promulgated 
Contracts CHAMPIONS 
Exam 2022-2023. 
The elements of a valid contract are, competent parties, consideration, legal subject 
matter, in writing, and ___________. 
(a) Default 
(b) Mutual consent 
(c) Property condition 
(d) Recording - CORRECT ANSWER B 
A(n) __________________ ...
Principles of real estate 
II (Champions) Q&A 
VERIFIED 
Functional obsolescence - ANSWER Refers to the loss in desirability of the style, layout 
or function of an element of a property over time 
Sales comparison - ANSWER best indicator of value for existing properties 
highest and best use - A...
Voorbeeld 2 van de 8 pagina's
In winkelwagenPrinciples of real estate 
II (Champions) Q&A 
VERIFIED 
Functional obsolescence - ANSWER Refers to the loss in desirability of the style, layout 
or function of an element of a property over time 
Sales comparison - ANSWER best indicator of value for existing properties 
highest and best use - A...
Champions Principles of Real 
Estate 2 Q&A LATEST UPDATES 
ALREADY PASSED 
appraisal - ANSWER value of a property maybe affected by social, economic, govt and 
environmental influences 
Loan-to-Value Ratio (LTV) - ANSWER The percentage of value or sales price that a 
lender is willing to finance...
Voorbeeld 2 van de 6 pagina's
In winkelwagenChampions Principles of Real 
Estate 2 Q&A LATEST UPDATES 
ALREADY PASSED 
appraisal - ANSWER value of a property maybe affected by social, economic, govt and 
environmental influences 
Loan-to-Value Ratio (LTV) - ANSWER The percentage of value or sales price that a 
lender is willing to finance...
Champions Real Estate 
Principles 2 EXAM TEST Q&A 
The Loan to Value Ratio (LVT) - ANSWER is the percentage of value or sales price 
that a lender is willing to finance. 
The lender will base the LTV on the lower of the sales price or the appraised value. 
Principle of Substitution - ANSWER the va...
Voorbeeld 2 van de 8 pagina's
In winkelwagenChampions Real Estate 
Principles 2 EXAM TEST Q&A 
The Loan to Value Ratio (LVT) - ANSWER is the percentage of value or sales price 
that a lender is willing to finance. 
The lender will base the LTV on the lower of the sales price or the appraised value. 
Principle of Substitution - ANSWER the va...
Champions Principles of 
Real Estate 2 EXAM TEST 
Q&A ALREADY PASSED 
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...
Voorbeeld 3 van de 27 pagina's
In winkelwagenChampions Principles of 
Real Estate 2 EXAM TEST 
Q&A ALREADY PASSED 
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...
Champions Principles of 
Real Estate 1 FINAL 
EXAM Q&A ALREADY 
PASSED 
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.) S...
Voorbeeld 2 van de 11 pagina's
In winkelwagenChampions Principles of 
Real Estate 1 FINAL 
EXAM Q&A ALREADY 
PASSED 
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.) S...
Champions principles of real estate 1 . 
EXAMS 3VERSIONS COMBINED Q & A 
Homestead Protection - ANSWER A statutory estate- a family homestead is protected 
from forced sale by all creditors except: mortgage, property taxes,m&m liens and 
homeowner association fees 
ad valorem taxes - ANSWER Taxes ...
Voorbeeld 3 van de 23 pagina's
In winkelwagenChampions principles of real estate 1 . 
EXAMS 3VERSIONS COMBINED Q & A 
Homestead Protection - ANSWER A statutory estate- a family homestead is protected 
from forced sale by all creditors except: mortgage, property taxes,m&m liens and 
homeowner association fees 
ad valorem taxes - ANSWER Taxes ...
Champions Real Estate 
Finance Q&A TEST 
Loan-to-Value Ratio (LTV) - ANSWER The percentage of the lesser of the appraised 
value or sales price that the lender will lend. 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 
80% of the sales price or appraised ...
Voorbeeld 2 van de 15 pagina's
In winkelwagenChampions Real Estate 
Finance Q&A TEST 
Loan-to-Value Ratio (LTV) - ANSWER The percentage of the lesser of the appraised 
value or sales price that the lender will lend. 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 
80% of the sales price or appraised ...
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