Champions School of Real Estate Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Champions School of Real Estate? On this page you'll find 127 study documents about Champions School of Real Estate.
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Law of Contracts - Champions School of Real Estate Correctly Solved 2024
- Exam (elaborations) • 44 pages • 2024
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Law of Contracts - Champions School of 
Real Estate Correctly Solved 2024 
TERLA - Answer -- Texas Real Estate License Act 
- Created in 1939 
TREC - Answer -- Texas Real Estate Commission 
- Created in 1949 to administer/enforce TERLA 
Real Estate Center - Answer -- Located at Texas A&M University 
- Created in 1970 
TREC-Promulgated Forms/Leases (Residential): - Answer -- One-to-Four Family Residential Contract 
(Resale) 
- New Home Contract (Completed Construction) 
- Residential Condo Contra...
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Champions real estate finance with Correct Solutions Latest
- Exam (elaborations) • 35 pages • 2024
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Champions real estate finance with Correct 
Solutions Latest 
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 value, whichever is lower. 
Package Mortgage - Answer -Includes both real and personal property ( fixtures and furnishings) 
Blanket Mortgage - Answer -Covers more than one piece of...
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Champions real estate finance Correctly Answered 2024
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Champions real estate finance Correctly 
Answered 2024 
mortgage Broker - Answer -Functions as a middleman between the borrower and the lender, 
negotiating, selling or arranging loans to be delivered to large investors 
Mortgage Banker - Answer -Provide their own funds for the purpose of providing mortgage financing 
Correspondent Lender - Answer -Smaller in scale then mortgage bankers or brokers, these lenders 
typically extended loans with their own funds at their own risk 
Origination - Answ...
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Champions real estate finance Questions and Correct Answers Latest Update
- Exam (elaborations) • 14 pages • 2024
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Champions real estate finance Questions and 
Correct Answers Latest Update 
_____ is the consummation of a contractual real estate transaction in which all appropriate documents 
are signed, and the mortgage loan proceeds are disbursed by the lender. - Answer -Closing 
The primary determinants of real estate values are supply and _____. - Answer -Demand 
_____ is something of value that can be pledged as security for repayment of a loan. - Answer -Collateral 
Servicing includes which of the foll...
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Champion School of Real Estate-Law of Contracts with Correct Answers 2024
- Exam (elaborations) • 11 pages • 2024
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Champion School of Real Estate-Law of 
Contracts with Correct Answers 2024 
Texas Real Estate Commission - 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 - 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 
unlawful practice of law - Answer -license holder is no...
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Law of Agency - Champions School of Real Estate test with Verified Solutions 2024
- Exam (elaborations) • 156 pages • 2024
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Law of Agency - Champions School of Real 
Estate test with Verified Solutions 2024 
The principal is also known as - Answer -client 
fiduciary relationship - Answer -a relationship founded on trust and confidence 
Agency Relationship - Answer -Exists when one person (the agent) acts for, or on 
behalf of another person (the principal). 
the principal - Answer -is the one who hires and gives authority to the agent 
Texas Real Estate License Act TRELA - Answer -Was passed 1939. The purpose is to p...
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RMLO - Champions School of Real Estate Questions and Correct Answers 2024
- Exam (elaborations) • 149 pages • 2024
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RMLO - Champions School of Real Estate 
Questions and Correct Answers 2024 
A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling 
mortgages is called the ________. - Answer -secondary market 
The Federal agency established to restore Fannie Mae and Freddie Mac to a sound and solvent financial 
condition is _____. - Answer -Federal Housing Finance Agency (FHFA) 
The ____ guarantee allows mortgage lenders to obtain a better price for their loan...
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Champions School of Real Estate - Real Estate Finance exam Correctly Answered 2024
- Exam (elaborations) • 142 pages • 2024
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Champions School of Real Estate - Real 
Estate Finance exam Correctly Answered 
2024 
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 value, whichever is lower. 
Package Mortgage - Answer -Includes both real and personal property ( fixtures and furnishings) 
Blanket Mortgage - Answer -Cover...
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Principles of Real Estate Champions School of Real Estate 1 Exam with Correct Solutions 2024
- Exam (elaborations) • 129 pages • 2024
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Principles of Real Estate Champions School 
of Real Estate 1 Exam with Correct Solutions 
2024 
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 
conditional transfer or pledge of real estate as security for payment of a debt 
RMLO - Answer -Residential Mortgage Lenders Originator 
Property Management - Answer -Management of residential and comme...
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Principles of Real Estate 2 Champions School of Real Estate test Correctly Answered 2024
- Exam (elaborations) • 116 pages • 2024
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Principles of Real Estate 2 Champions School 
of Real Estate test Correctly Answered 2024 
appraisal - Answer -appraisers opinion of value 
principal of contribution - Answer -the value if the property is equal to the sum if the contributory value 
of each of its component parts. 
loan to value ratio - Answer -percentage of value or sales price that a lender is willing to finance. 
desk review - Answer -goes through items as they analyze the appraisal report for completeness and 
acceptable conc...