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TEXAS REAL ESTATE DEALERAGE SAE FINAL EXAM AND PRACTICE EXAM 2024/ ACTUAL EXAM WITH 500+QUESTIONS AND CORRECT DETAILED ANSWERS/NEWEST VERSION $23.49
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TEXAS REAL ESTATE BROKERAGE SAE FINAL
EXAM AND PRACTICE EXAM 2024/ ACTUAL EXAM
WITH 500+QUESTIONS AND CORRECT DETAILED
ANSWERS/NEWEST VERSION 2024-2025
Alison, an aspiring business proprietor, and her team have done all the upfront
work and now they are ready to draft the official planning document for
Honesty Homes. She knows that the document will be unique to her business,
but there are certain components that are standard and must be included.
Which of the following is a standard component of a business
plan document? - ...CORRECT SOLUTION:->>>...executive summary
Which of the following statements regarding employment-at- will is true? -
...CORRECT SOLUTION:->>>...Employment-at-will is a doctrine that's used
in all states, but each state may apply it differently.
Under which types of agency agreement may a buyer and agent operate? -
...CORRECT SOLUTION:->>>...Open, exclusive right to represent, and
exclusive agency
Darius reviews the items on his sales meeting agenda. He wants to make sure
that his associates see the meeting as time well spent, so he checks that all
agenda items .-
...CORRECT SOLUTION:->>>...Will help his licensees perform better or more
easily
,Which step of the hiring process allows the dealer to evaluate a small number of
the most competitive candidates? -
...CORRECT SOLUTION:->>>...interviewing
Charlotte is a supervising dealer who has two employees, as well as 15
licensees who are affiliated with her as independent contractors. To which of
these people is she legally required to give an annual performance review? -
...CORRECT SOLUTION:->>>...none of them
Business goals should be attainable. What does this mean in terms of SMART
goals? - ...CORRECT SOLUTION:->>>...Challenging yet realistic and based
on actual data.
A is an obligation to pay someone an amount that's due. -
...CORRECT SOLUTION:->>>...liability
Fictitious business names alleviate some name selection concerns but raise
other issues. Which of the following might be a concern with a fictitious
business name? -
...CORRECT SOLUTION:->>>...It must be registered with the state.
Which gross domestic product, used to represent inflation, is best defined as a
measurement of average prices consumers paid for goods and services in a
given month? -
...CORRECT SOLUTION:->>>...consumer price index
,Tristan refused to let Marla list his property on the MLS, even though Marla told
him that more exposure to the property would generate more potential buyers.
Which two fiduciary duties are at odds in this situation? - ...CORRECT
SOLUTION:->>>...Reasonable skill and care and obedience
escrow officer - ...CORRECT SOLUTION:->>>...is a limited agent because
the role is limited to assisting the parties with the closing , but not providing
advice to either party.
How is a dealerage checklist commonly used? -
...CORRECT SOLUTION:->>>...It provides steps that both new and
experienced agents can follow
A dealer is training all affiliated licensees on a recent change in fair housing
laws. Why should she deliver the training to new licensees separately from
experienced salespeople? -
...CORRECT SOLUTION:->>>...To prevent new people from getting lost in
details they don't understand, and to save experienced people from sitting
through explanations they don't need
Which one of these examples creates vicarious liability for the dealerage? -
...CORRECT SOLUTION:->>>...The dealerage's licensee neglects to provide
required disclosures to a client.
, What can you learn from figuring out the market share of your target market? -
...CORRECT SOLUTION:->>>...You can figure out how big of a player the
competitors are in your market.
Which of the following must be included in a buyer agency agreement? -
...CORRECT SOLUTION:->>>...The licensee's duties and responsibilities to
the buyer
According to the NAR Code of Ethics, what responsibility do licensees have
related to material facts? - ...CORRECT SOLUTION:->>>...Make a reasonable
effort to ascertain all material facts concerning each property for which an
agency is accepted.
What is the primary purpose of your firm's logo? -
...CORRECT SOLUTION:->>>...Immediate recognition
Marissa wants to be sure her listings are available to buyers' dealers, so she puts
the alarm code in the MLS listing, but only in the remarks that can be read by
other licensees. Do you see an issue with this? - ...CORRECT SOLUTION:-
>>>...Yes, because the printed copy of the agent-only remarks could fall into
the wrong hands.
Which of the following is true about the order in which photographs should
appear in the MLS and on other sites? -
...CORRECT SOLUTION:->>>...Show pictures in order, as if giving a tour of
the property.
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