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A consistent disparity in listing versus selling prices may reflect
___________. - 🧠 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? - 🧠 ANSWER ✔✔Sales agents will
probably make fewer errors as a result of more broker control and
supervision.
,Which option best describes what an environmental impact statement is? -
🧠 ANSWER ✔✔It describes and analyzes a proposed action that may have
a significant effect on the environment.
When Andrew schedules a sales meeting at his brokerage, he prepares
well in advance by ___________. - 🧠 ANSWER ✔✔Developing an agenda,
talking points, visuals, and handouts
What is a flat-fee pricing strategy? - 🧠 ANSWER ✔✔Clients are charged a
pre-set fee for a pre-determined service.
The Brendon Group is evaluating a new market and wants to know the
market's cultural composition. That's likely because _________. - 🧠
ANSWER ✔✔The licensees don't do any active selling.
Which of the following actions could compromise your security when
meeting with a customer for the first time in the field? - 🧠 ANSWER
✔✔Ignoring a lewd comment
Alison is taking steps to become the owner of her own real estate
brokerage, Honesty Homes. She and the two real estate professionals who
will become her first employees are drafting the firm's vision statement.
,Which of the following should be included? - 🧠 ANSWER ✔✔A statement of
what the company's future results, achievements, and successes will be
Commonly, the Federal Trade Commission will receive leads about a
potential antitrust violation through which avenue? - 🧠 ANSWER
✔✔Hearing consumer complaints
A leader who displays the quality of being a visionary is able to do what? -
🧠 ANSWER ✔✔Look ahead at trends to meet future market demands
A coaching framework is useful at a brokerage because ______. - 🧠
ANSWER ✔✔It gives structure to the coaching process, which helps it be
most effective
Rachel is subject to court-ordered supervision due to an antitrust violation.
This oversight may continue for as long as ______. - 🧠 ANSWER ✔✔10
years
Reese and his staff have developed an engaging, action-oriented listing
presentation to present to potential sellers. Which component in the
marketing model does the listing presentation represent? - 🧠 ANSWER
✔✔communicating
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, Personality type models should be used to ____________. - 🧠 ANSWER
✔✔inform and understand
Sarina's firm primarily uses electronic marketing communications, including
emails, Twitter feeds, and Facebook posts. Which of the following
marketing tools might receive special attention? - 🧠 ANSWER ✔✔A hand-
written thank you note
A(n) ________________ is certain to save a brokerage money. - 🧠
ANSWER ✔✔Culture of retention
Edgar and his management staff identified their work with real estate
contracts as a potential risk to the firm. If Edgar hires an attorney to review
every contract written in his office, which risk-handling strategy does this
represent? - 🧠 ANSWER ✔✔transfer
If you're going to take advantage of cloud computing to store sensitive
client information, you will need what security measures to protect the
data? - 🧠 ANSWER ✔✔Strong passwords, limited access, and virus
protection
Cityville administrators are trying to control urban sprawl, but they still need
to plan for the growing population. They've revamped zoning laws to allow