Floor brokers - Study guides, Class notes & Summaries

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 bus...

Valuation process A systematic procedure used in the valuation of real property. Steps: 1: Define the problem 2:Determine scope of work 3:Gather, record, and verify the data 4:Determine the highest and best use 5:Estimate the land value 6:Estimate value by each of the three approaches (if applicable) 7:Reconcile the estimated values into the final opinion of value 8:Report the final opinion of value Client The party or parties who engage, by employment or contra...

Abandonment - - Insurance company may choose to take damaged property and pay insured the value - Insured CANNOT surrender damaged property to insurance company Active Retention - Identify the loss/risk exposure and really consider the risk itself and all the measures around it. (ex. Should we transfer it, retain it etc.) Admitted (standard or retail) Insurance companies - Regulated by the state, They often must subscribe to rating and form regulations of that state. Agent or Broker - "I...

Most common reason a property fails to sell is - Answer- price Matching human needs with goods or services to meet those needs is the process of - Answer- marketing _____________________ is a key personality trait of a successful agent - Answer- problem solving 3 Ways Sales Agents Add Value to the Buying Process - Answer- Counseling, Negotiating, and Managing the transaction Four P's of marketing real estate - Answer- product, promotion, price and place How can you know your prod...

FIN 335 Final Project Southern New Hampshire April 19, 2024 with complete solution Company Choice: Vin Fast LLC. a. Vin Fast is a Vietnamese Electric Vehicle maker. Vin Fast is a member of a Vingroup that is consider the largest private corporation in Vietnam. The company started out focusing on technology, real estate development, retail and services. Vin Fast became known to the public when they introduce their first vehicle in 2018 at the Paris Motor Show. The company was founded by P...

The purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. - protect the public in real estate transactions. Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his salespersons desk on the sales floor at Acme Realty. Jims license...

WV REAL ESTATE FINAL EXAM QUESTIONS AND ANSWERS GRADED A+ The purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. protect the public in real estate transactions. Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his...

Fin 200 - BYU (Exam 2) Questions and Answers 100% Pass People who execute stock trades for others at the NYSE are called A) day traders. B) floor traders. C) stock traders. D) commission traders. - Correct Answer ️️ -B) floor traders The ________ is not a physical location, but rather an electronic communications network to buy and sell stocks. A) NYSE B) NYSE MKT LLC C) NASDAQ D) Securities and Exchange Commission (SEC) - Correct Answer ️️ -C) NASDAQ A stock dividend is dis...

Which statement concerning broker's price opinions (BPOs) is TRUE? A) The payment for a BPO must be paid to the broker and not directly to the sales associate who prepared the BPO. B) A broker's license is required to conduct a BPO. C) A BPO is also referred to as an appraisal of real property. D) All BPOs must conform to Uniform Standards of Professional Appraisal Practice (USPAP). - Answer-A Which document would contain information regarding the architectural design standards that must...

Fin 200 - BYU (Exam 2) Questions and Answers 100% Pass People who execute stock trades for others at the NYSE are called A) day traders. B) floor traders. C) stock traders. D) commission traders. - Correct Answer ️️ -B) floor traders The ________ is not a physical location, but rather an electronic communications network to buy and sell stocks. A) NYSE B) NYSE MKT LLC C) NASDAQ D) Securities and Exchange Commission (SEC) - Correct Answer ️️ -C) NASDAQ A stock dividend is dis...