Champions real estate Study guides, Class notes & Summaries
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Champions Real Estate Exam Law of Agency 2023-2024 solution A+ GUARANTED
- Exam (elaborations) • 66 pages • 2023
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Champions Real Estate Exam Law of Agency solution A+ GUARANTED 
 
 
This person hires an agent - CORRECT ANS - The Principal 
 
The agent works on behalf of this person - CORRECT ANS - the client (principal) 
 
This type of agency allows for the greatest range of authority - CORRECT ANS - Universal 
 
This is provided to the agent when there is written documentation that the agency relationship exists. - CORRECT ANS - Express authority 
 
This is the most limited of all the agency relationships...
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Champions Real Estate Exam Prep (Texas) | 700+ Questions with 100% Correct Answers | Latest Update 2024 | Verified | 67 Pages
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In ______ the Texas Real Estate Commission was established to administer and enforce the TRELA. - 
1949 
TREC has only _______ promulgated lease forms. - 2 
In the TAR® Seller's Disclosure the seller should _______. 
a. prepare the disclosure when the listing is taken 
b. be the only one completing this form or any part of it 
c. none of the above 
d. both a and b - d. both a and b 
The _______ statute provides that the sender's message must contain clear and conspicuous notice that 
the mess...
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Champions Real Estate Finance graded A+ already passed 2023
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Champions Real Estate Finance graded A+ already passed 2023Loan-to-Value Ratio (LTV) - correct 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 - correct answer Includes both real and personal property ( fixtures and furnishings) 
 
Blanket Mortgage - correct answer Covers ...
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Champions Real Estate Finance Final Exam With Correct Answers 2024
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Champions Real Estate Finance Final 
Exam With Correct Answers 2024 
Loan-to-Value Ratio (LTV) -CORRECT 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 -CORRECT ANSWER-Includes both real and personal property ( 
fixtures and furnishings) 
Blanket Mortgage -CORRECT ANSWER...
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Champions Real Estate Finance (Exam Review)Rated 100% Correct!!
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Champions Real Estate Finance (Exam Review)Rated 100% Correct!!
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Champions Real Estate Marketing SAE| 122 questions with verified correct answers
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Champions Real Estate Marketing SAE| 122 questions with verified correct answers
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Texas Real Estate Law - SAE Champions School Of Real Estate Exam
- Exam (elaborations) • 7 pages • 2023
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Texas Real Estate Law - SAE Champions School Of Real Estate Exam
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Champions real estate finance Exam Questions with Verified Answers
- Exam (elaborations) • 8 pages • 2023
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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 - Answer- The process of creating a new mortgage loan 
 
U...
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Champions Real Estate Exams Study Bundle Questions With Complete Solutions
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Champions Real Estate Exams Study Bundle Questions With Complete Solutions
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Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+)
- Exam (elaborations) • 13 pages • 2024
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Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) 
Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) 
 
The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower are _____. - ANSWER - Origination activities 
 
The process of evaluating a borrower's loan application to determine the risk involved for the lender is - ANSWER - Underwriting 
 
Which of the...
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