CHAMPIONS BROKERAGE SAE CH 1 EXPECTED
QUESTIONS WITH VERIFIED ANSWERS
Question 1.
CoStar
ANSWER
Commercial real estate website similar to a residential MLS
Question 2.
Augmented Reality
ANSWER
Enhances the user's current perception and experience of reality
Question 3.
Artificial Intelligence
ANSWER
intelligence exhibited by machines
Question 4.
Analytics
ANSWER
Collect and track digital data from websites, apps
and offline repositories
Question 5.
MLS
ANSWER
The long-standing gold standard in data collection
for real estate agents
,Question 6.
Virtual Reality
ANSWER
following trends in real estate brokerage gives buyers the opportunity to tour
properties from the comfort of their own homes?
Question 7.
More slowly than
ANSWER
According to the Bureau of Labor Statistics, employment of real estate brokers and sales
agents
is projected to grow ___________ the average for all occupations.
Question 8.
Over 65
ANSWER
Which age demographic is the largest in the country according to the U.S. Census Bureau?
Question 9.
Search Engine Optimization (SEO)
ANSWER
SEO (Search Engine Optimization) toolset
that helps businesses improve their search visibility and improve their site rankings on the
Internet.
Question 10.
Millennial Generation
ANSWER
are poised to take over as the leaders of industry. Millennials are tech savvy, urban focused,
and extremely motivated and entrepreneurial.
,Question 11.
AUGMENTED REALITY
ANSWER
Like virtual reality, augmented reality (AR) provides a modified view of reality for the user.
Question 12.
ARTIFICIAL INTELLIGENCE
ANSWER
The concept of artificial intelligence (A.I.), at its most basic, is a way of describing intelligence
exhibited by machines.
Question 13.
during periods of declining economic activity or rising
interest rates, the amount of work for brokers and agents will
ANSWER
slow and employment may decline.
Question 14.
According to the U.S. Census Bureau
, the largest age demographic in the country is those over_________ years of age. This demographic,
by and large, will continue to have significant influence in all industries and markets.
That said, those in the Millennial Generation are poised to take over as the leaders of industry.
ANSWER
65
Question 15.
Disruption of business, in the conventional sense, has been perceived to be a negative occurrence,
often resulting in lost sales and profits.
ANSWER
"disruption".
, Question 16.
jargon, disruption means to break free from convention and shake up routines
and habits, changing the way that a business has traditionally thought and behaved in the past in
order to innovate.
It is through disruption that new markets can be discovered, new products created, and new values
established. Innovation through disruption can displace the more established firms that have long
possessed the highest market share.
ANSWER
jargon, disruption
Question 17.
mission statement
ANSWER
The mission statement describes the overall purpose of the organization. Mission statements
tend to be more powerful when they not only describe the work the company does, but also
the company's reasons for doing it.
Question 18.
values statement
ANSWER
Values statements help define how the work will be accomplished, and they articulate a set of
beliefs and principles that guide the way the company conducts business.
Question 19.
action plan
ANSWER
The written action plan will outline the steps, approaches and resources that will be used to
fulfill the objectives.
Question 20.
operational planning
ANSWER
This aspect of planning encompasses the day-to-day operations
QUESTIONS WITH VERIFIED ANSWERS
Question 1.
CoStar
ANSWER
Commercial real estate website similar to a residential MLS
Question 2.
Augmented Reality
ANSWER
Enhances the user's current perception and experience of reality
Question 3.
Artificial Intelligence
ANSWER
intelligence exhibited by machines
Question 4.
Analytics
ANSWER
Collect and track digital data from websites, apps
and offline repositories
Question 5.
MLS
ANSWER
The long-standing gold standard in data collection
for real estate agents
,Question 6.
Virtual Reality
ANSWER
following trends in real estate brokerage gives buyers the opportunity to tour
properties from the comfort of their own homes?
Question 7.
More slowly than
ANSWER
According to the Bureau of Labor Statistics, employment of real estate brokers and sales
agents
is projected to grow ___________ the average for all occupations.
Question 8.
Over 65
ANSWER
Which age demographic is the largest in the country according to the U.S. Census Bureau?
Question 9.
Search Engine Optimization (SEO)
ANSWER
SEO (Search Engine Optimization) toolset
that helps businesses improve their search visibility and improve their site rankings on the
Internet.
Question 10.
Millennial Generation
ANSWER
are poised to take over as the leaders of industry. Millennials are tech savvy, urban focused,
and extremely motivated and entrepreneurial.
,Question 11.
AUGMENTED REALITY
ANSWER
Like virtual reality, augmented reality (AR) provides a modified view of reality for the user.
Question 12.
ARTIFICIAL INTELLIGENCE
ANSWER
The concept of artificial intelligence (A.I.), at its most basic, is a way of describing intelligence
exhibited by machines.
Question 13.
during periods of declining economic activity or rising
interest rates, the amount of work for brokers and agents will
ANSWER
slow and employment may decline.
Question 14.
According to the U.S. Census Bureau
, the largest age demographic in the country is those over_________ years of age. This demographic,
by and large, will continue to have significant influence in all industries and markets.
That said, those in the Millennial Generation are poised to take over as the leaders of industry.
ANSWER
65
Question 15.
Disruption of business, in the conventional sense, has been perceived to be a negative occurrence,
often resulting in lost sales and profits.
ANSWER
"disruption".
, Question 16.
jargon, disruption means to break free from convention and shake up routines
and habits, changing the way that a business has traditionally thought and behaved in the past in
order to innovate.
It is through disruption that new markets can be discovered, new products created, and new values
established. Innovation through disruption can displace the more established firms that have long
possessed the highest market share.
ANSWER
jargon, disruption
Question 17.
mission statement
ANSWER
The mission statement describes the overall purpose of the organization. Mission statements
tend to be more powerful when they not only describe the work the company does, but also
the company's reasons for doing it.
Question 18.
values statement
ANSWER
Values statements help define how the work will be accomplished, and they articulate a set of
beliefs and principles that guide the way the company conducts business.
Question 19.
action plan
ANSWER
The written action plan will outline the steps, approaches and resources that will be used to
fulfill the objectives.
Question 20.
operational planning
ANSWER
This aspect of planning encompasses the day-to-day operations
