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Champions Brokerage SAE Study Guide for Exam WITH 100- CORRECT ANSWERS
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Champions Brokerage SAE Study Guide for Exam WITH 100- CORRECT ANSWERS
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Champions Brokerage SAE Study Guidefor Exam WITH 100% CORRECT
ANSWERS
[DATE]
[COMPANY NAME]
[Company address]
, Purpose of Lean Management Principles - ANSWERS:Helps Brokerage to increase productivity by
continuously evaluating their structure and eliminatinf unneeded or wasteful purposes.
commission - ANSWERS:Discretion of Broker and no two agents could get the same split. Broker under
no obligation to offer same compensation to all agents
Independent Contractor Rules - ANSWERS:Be your own boss
Have to save for own taxes
Freedom to work when you want
Make as much or as little money you want - commission based work.
Terminating Sponsorship - ANSWERS:When sponsorship has ended-broker notifies TREC immediately
and sends license back. May notify TREC in writing also
Marketing strategies for target markets - ANSWERS:Geographic Farming: an area of 400-600
homes;your neighborhood
Demographic Farming: A specific type of people; First Time Buyers, Seniors,Military.
variable expenses - ANSWERS:expenses that change from month to month; advertising,signage,printing.
FACTA - Fair & Accurate Credit Transactions Act - ANSWERS:Identity Theft of Credit Score/Reports
Lenders must provide credit score used even if loan was denied.
Suspect theft? Notify one of the agencies - Equifax,Experian,TransUnion
Employers must destroy all info obtained on report before discarding it.
Businesses must leave off all but the last 5 of the credit card # on receipts.
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