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Texas Real Estate Brokerage: A Management Guide V3 SAE (Latest 2025)
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Texas Real Estate Brokerage: A Management Guide V3 SAE (Latest 2025)
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Texas Real Estate Brokerage: AManagement Guide V3 SAE (Latest 2025)
Accountability - Correct Answer ✅ Taking responsibility for
everything that happens under the leader's domain.
Accrual Method - Correct Answer ✅ The approach that
recognizes the money that the business has actually
received, the money it is due to receive, the expenses
actually paid, and the expenses remaining to be paid.
Acquisition - Correct Answer ✅ In business, when one
business purchases another to build on the strengths or
weaknesses of the buying business.
Active Prospecting - Correct Answer ✅ Going out and
getting the business and bringing it back to the company.
Activity-based Budgeting - Correct Answer ✅ A top-down
approach in which a company selects a target metric to
reach, determines the activities that will lead to that target,
and then creates a budget to support it.
,Texas Real Estate Brokerage: A
Management Guide V3 SAE (Latest 2025)
Affiliated Business Arrangement (AfBA) - Correct Answer ✅
A network of interrelated companies, owned by one holding
corporation, that offer services tied to a real estate
transaction.
Agency By Ratification - Correct Answer ✅ Agency by
ratification occurs when a principal gains some benefit from a
previously unauthorized act of an agent, and the principal, on
learning of the act, does not deny that the agent had
authority to perform such an act on the principal's behalf. The
principal ratifies the action of the agent by accepting the
benefits that come from the action.
Agent - Correct Answer ✅ A person authorized to act on
behalf of the principal and who has fiduciary responsibilities
to the principal. In a real estate transaction, the broker is
normally considered to be the agent of the principal or the
client.
Allocation - Correct Answer ✅ An agreement between real
estate brokers to divide their markets and refrain from
,Texas Real Estate Brokerage: A
Management Guide V3 SAE (Latest 2025)
competing for each other's business. See also market
delineation.
Alternate Name - Correct Answer ✅ A name used by an
individual license holder other than the name shown on the
license issued by the Commission, such as a middle name,
maiden name, or nickname.
Americans with Disabilities Act (ADA) - Correct Answer ✅ A
federal law enacted to eliminate discrimination against
people with disabilities in employment, public
accommodations, government services, public transportation,
and communications.
Andragogy - Correct Answer ✅ The process by which
adults learn, which distinguishes the adult learning process
from the child's. It recognizes differences in approaching and
processing new information.
Appointed License Holder - Correct Answer ✅ A license
holder associated with and appointed by an intermediary
broker to communicate with, carry out instructions of, and
, Texas Real Estate Brokerage: A
Management Guide V3 SAE (Latest 2025)
provide opinions and advice to the parties to whom the
license holder is appointed.
Appreciation - Correct Answer ✅ An increase in the worth
or value of a property due to economic or related causes,
which may prove to be either temporary or permanent;
opposite of depreciation.
Arbitration - Correct Answer ✅ A nonjudicial proceeding in
which a third party determines the resolution of a dispute
between parties. The determinations of the arbitrator can be
as enforceable as a decision rendered in court.
Assets - Correct Answer ✅ Used alongside liabilities to
determine an applicant's net worth.
Assignment - Correct Answer ✅ The transfer in writing of
interest in a contract, mortgage, lease, or other instrument.
Associated Broker - Correct Answer ✅ A broker who
associates with and gets paid through another broker under a
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