Real estate brokers c - Study guides, Class notes & Summaries

One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): A) attorney-in-fact B) broker with a listing C) special agent D) attorney-at-law attorney-in-fact No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: A) township B) section C) scarcity D) nonhomogeneity nonhomogeneity The five essential elements that make a contract valid are: comp...

Real Estate Brokerage Question and answers correctly solved Which of the following trends in real estate brokerage gives buyers the opportunity to tour properties from the comfort of their own homes? (a) MLS Systems (b) Virtual Reality (c) Population growth (d) Fluctuations in economy - correct answer b. Virtual Reality According to the Bureau of Labor Statistics, employment of real estate brokers and sales agents is projected to _____ the average for all occupations. (a) Grow faster t...

An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator - ANSWERA licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities - ANSWERBroker Price Opinion Which of the following is incorrect? Farming methods include Direct Mail and Just Listed Post Cards. Farming only invo...

The strengths, weaknesses, opportunities, and threats facing a business - What is a SWOT analysis useful for determining? You and your staff - Who has the best information about your firm's operations to assist in writing your disaster recovery plan? The number of licensees to use - Which of the following is one of the key decisions a brokerage makes when deciding how to staff the sales force? This is a valid reason to terminate the licensee's affiliation with the broker. - Broke...

TX SAE Real Estate Brokerage Question and answers correctly solved Determine which scenario correctly depicts a Texas brokerage team. - correct answer Shannon, Caleb, and Jonah work together to provide brokerage services. Imagine that you're an active real estate licensee as well as an architect, and you'd like to partner with a builder who's just beginning a development. Which of these creates agency coupled with interest? - correct answer You agree to design the houses for this build...

Texas SAE Real Estate Brokerage Question and answers correctly solved A fixed expense ______. - correct answer Isn't impacted by sales Which of the following acts protects Texas consumers against real estate licensees who use false, misleading, or deceptive actions or practices in the advertising, offering for sale, selling, or leasing of personal property or real property? - correct answer DTPA Why should a business owner evaluate the competition's affiliations? - correct answer T...

texas sae real estate brokerage Question and answers correctly solved A consistent disparity in listing versus selling prices may reflect ___________. - correct answer Inaccurate competitive market analyses Which of these would be an advantage for the broker of hiring licensees as salaried employees, rather than as independent contractors on a commission-based compensation plan? - correct answer Sales agents will probably make fewer errors as a result of more broker control and supervisio...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

Florida Real Estate Broker Exam All Answers Correct Technical skills Skills that include time management, preparing Cmas, and completing contracts. Desk cost Dividing total office expenses by number of sales associates Institutional advertising Advertising that describes the firm, its personnel, and its services. Fixed expense Occupancy costs are an example of what type of expenses? Cash basis accounting What is the most simple type of accounting and is used by most small business ta...

Real Estate Brokers Exam Questions Complete Solutions Current Update Which of these guidelines is not part of the IRS safe harbor test? Income must be based on sales input. Contractors must have access to workers compensation benefits. The contractor must be licensed as a real estate salesperson or broker. There must be a written contract in place. - Answer -Contractors must have access to workers compensation benefits. Which of the following must be included in an employment agreem...