TX SAE Real Estate Brokerage exam
with correct answers
Determine which scenario correctly depicts a Texas brokerage team.
- ** VERIFIED ANSWERS **✔✔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? - ** VERIFIED ANSWERS **✔✔You agree to design the
houses for this builder in return for getting the listings when the
properties are finished.
Equal pay for equal work is a federal law that is ______. - ** VERIFIED
ANSWERS **✔✔Enforced by the Equal Employment Opportunity
Commission
When dealing with a personnel problem, which of these is the
second step in a problem-solving process after identifying the
problem? - ** VERIFIED ANSWERS **✔✔Analyze the problem
Which of the following is true of refusing to buy services from a
vendor because of shoddy business practices or pricing? - **
VERIFIED ANSWERS **✔✔It's permissible.
How can a financial expert help you with your finances? - **
VERIFIED ANSWERS **✔✔By guiding you in preparing your budget
and analyzing your finances
Shayla periodically reviews her brokerage's long-range business
plan. What benefits to the brokerage can she expect to see in the
,future? - ** VERIFIED ANSWERS **✔✔She can update the brokerage
processes or projections in a timely manner.
What would be considered a business opportunity according to a
SWOT analysis? - ** VERIFIED ANSWERS **✔✔An external factor that
could be exploited for business gain
Broker-owner Mei is evaluating three companies to acquire as a
strategic move to expand her brokerage. In addition to asking
questions to determine each company's value, market presence,
and motivation to be acquired, what else should Mei explore? - **
VERIFIED ANSWERS **✔✔Cultural fit
What does the Federal Trade Commission consider to be an unfair
ad? - ** VERIFIED ANSWERS **✔✔Any ad or business practice that
causes or is likely to cause injury
You manage a brokerage. To comply with OSHA, you must ______. - **
VERIFIED ANSWERS **✔✔Provide safety training in a language
workers understand
Which one of the following may a broker use to delegate a team
leader as a supervisor? - ** VERIFIED ANSWERS **✔✔Relationship
Management Tool
Marissa wants to be sure her listings are available to buyers'
brokers, so she puts the alarm code in the MLS listing, but only in
the remarks that can be read by other licensees. Do you see an
issue with this? - ** VERIFIED ANSWERS **✔✔Yes, because the
printed copy of the agent-only remarks could fall into the wrong
hands.
When should a marketing plan be developed for your brokerage? - **
VERIFIED ANSWERS **✔✔After determining the overall direction of
the firm
,Floor duty is a good source of leads, but because there's often
downtime, what should you plan to do? - ** VERIFIED ANSWERS
**✔✔Bring other work
A growing number of real estate licensees are using a certain
method to promote their businesses. What's the method? - **
VERIFIED ANSWERS **✔✔Their own professional websites
What's the difference between your brokerage's brand identity and
its image? - ** VERIFIED ANSWERS **✔✔Your brand identity is how
you visually express what your firm is; your image is how the
marketplace perceives you.
What entity enforces the Canons of Professional Ethics and Conduct
in Texas? - ** VERIFIED ANSWERS **✔✔The Texas Real Estate
Commission
Which of the following is a good example of implementing safety
and security measures for visitors of a brokerage office? - **
VERIFIED ANSWERS **✔✔Organize and run disaster emergency drills
with the office staff.
When a sales associate is interested in possibly pursuing a switch to
a managerial role, the broker can use ______ to help the associate
decide if it will be a good fit. - ** VERIFIED ANSWERS **✔✔Cross-
training
Which is the best definition for geographical incompetency
pertaining to real estate? - ** VERIFIED ANSWERS **✔✔Lacking real
estate expertise in a geographical area
The average commission you earn from each transaction is $6,000,
and 20% of your leads turn into clients. Using the funnel, what else
do you need to know to calculate how many leads you will need if
, you want to earn $50,000 in a year? - ** VERIFIED ANSWERS
**✔✔The percentage of clients who turn into closed transactions
On a scale of 1 to 3, with 3 being high, TLC Realty has assigned a
level 3 to likelihood of occurrence and a level 3 to severity of impact
for a specific risk. What is its risk exposure? Is this a high, medium,
or low level of risk? - ** VERIFIED ANSWERS **✔✔9, high
Jennifer is selling her property and hired Larry as her agent. Jane
brings her prospective buyer client, Andrew, to see Jennifer's
property. What is Larry's role in this scenario? - ** VERIFIED
ANSWERS **✔✔Seller's agent
Even though her licensed name is Rebecca Aames Holbrook, her
business cards say "Becky Holbrook." What is Becky using? - **
VERIFIED ANSWERS **✔✔An alternate name
Katrina and Greg are selecting a firm and a licensee to help them
sell their home. They're comparing commission-based and flat-fee
listing services. The commission-based service will cost more, but
they'll have a licensee who performs most of the work. The flat-fee
listing service costs much less, but they'll have to do more of the
work. What marketing model concept will their decision represent? -
** VERIFIED ANSWERS **✔✔Value
A broker needs to train his licensees on properly following
disclosure requirements. Which of the following strategies will help
his training initiative be most effective? - ** VERIFIED ANSWERS
**✔✔Offer multiple classes so that new licensees are trained
separately from experienced salespeople
Which of the following is true about careers related to real estate? -
** VERIFIED ANSWERS **✔✔Complementary careers include real
estate counseling, appraisal, and education.
with correct answers
Determine which scenario correctly depicts a Texas brokerage team.
- ** VERIFIED ANSWERS **✔✔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? - ** VERIFIED ANSWERS **✔✔You agree to design the
houses for this builder in return for getting the listings when the
properties are finished.
Equal pay for equal work is a federal law that is ______. - ** VERIFIED
ANSWERS **✔✔Enforced by the Equal Employment Opportunity
Commission
When dealing with a personnel problem, which of these is the
second step in a problem-solving process after identifying the
problem? - ** VERIFIED ANSWERS **✔✔Analyze the problem
Which of the following is true of refusing to buy services from a
vendor because of shoddy business practices or pricing? - **
VERIFIED ANSWERS **✔✔It's permissible.
How can a financial expert help you with your finances? - **
VERIFIED ANSWERS **✔✔By guiding you in preparing your budget
and analyzing your finances
Shayla periodically reviews her brokerage's long-range business
plan. What benefits to the brokerage can she expect to see in the
,future? - ** VERIFIED ANSWERS **✔✔She can update the brokerage
processes or projections in a timely manner.
What would be considered a business opportunity according to a
SWOT analysis? - ** VERIFIED ANSWERS **✔✔An external factor that
could be exploited for business gain
Broker-owner Mei is evaluating three companies to acquire as a
strategic move to expand her brokerage. In addition to asking
questions to determine each company's value, market presence,
and motivation to be acquired, what else should Mei explore? - **
VERIFIED ANSWERS **✔✔Cultural fit
What does the Federal Trade Commission consider to be an unfair
ad? - ** VERIFIED ANSWERS **✔✔Any ad or business practice that
causes or is likely to cause injury
You manage a brokerage. To comply with OSHA, you must ______. - **
VERIFIED ANSWERS **✔✔Provide safety training in a language
workers understand
Which one of the following may a broker use to delegate a team
leader as a supervisor? - ** VERIFIED ANSWERS **✔✔Relationship
Management Tool
Marissa wants to be sure her listings are available to buyers'
brokers, so she puts the alarm code in the MLS listing, but only in
the remarks that can be read by other licensees. Do you see an
issue with this? - ** VERIFIED ANSWERS **✔✔Yes, because the
printed copy of the agent-only remarks could fall into the wrong
hands.
When should a marketing plan be developed for your brokerage? - **
VERIFIED ANSWERS **✔✔After determining the overall direction of
the firm
,Floor duty is a good source of leads, but because there's often
downtime, what should you plan to do? - ** VERIFIED ANSWERS
**✔✔Bring other work
A growing number of real estate licensees are using a certain
method to promote their businesses. What's the method? - **
VERIFIED ANSWERS **✔✔Their own professional websites
What's the difference between your brokerage's brand identity and
its image? - ** VERIFIED ANSWERS **✔✔Your brand identity is how
you visually express what your firm is; your image is how the
marketplace perceives you.
What entity enforces the Canons of Professional Ethics and Conduct
in Texas? - ** VERIFIED ANSWERS **✔✔The Texas Real Estate
Commission
Which of the following is a good example of implementing safety
and security measures for visitors of a brokerage office? - **
VERIFIED ANSWERS **✔✔Organize and run disaster emergency drills
with the office staff.
When a sales associate is interested in possibly pursuing a switch to
a managerial role, the broker can use ______ to help the associate
decide if it will be a good fit. - ** VERIFIED ANSWERS **✔✔Cross-
training
Which is the best definition for geographical incompetency
pertaining to real estate? - ** VERIFIED ANSWERS **✔✔Lacking real
estate expertise in a geographical area
The average commission you earn from each transaction is $6,000,
and 20% of your leads turn into clients. Using the funnel, what else
do you need to know to calculate how many leads you will need if
, you want to earn $50,000 in a year? - ** VERIFIED ANSWERS
**✔✔The percentage of clients who turn into closed transactions
On a scale of 1 to 3, with 3 being high, TLC Realty has assigned a
level 3 to likelihood of occurrence and a level 3 to severity of impact
for a specific risk. What is its risk exposure? Is this a high, medium,
or low level of risk? - ** VERIFIED ANSWERS **✔✔9, high
Jennifer is selling her property and hired Larry as her agent. Jane
brings her prospective buyer client, Andrew, to see Jennifer's
property. What is Larry's role in this scenario? - ** VERIFIED
ANSWERS **✔✔Seller's agent
Even though her licensed name is Rebecca Aames Holbrook, her
business cards say "Becky Holbrook." What is Becky using? - **
VERIFIED ANSWERS **✔✔An alternate name
Katrina and Greg are selecting a firm and a licensee to help them
sell their home. They're comparing commission-based and flat-fee
listing services. The commission-based service will cost more, but
they'll have a licensee who performs most of the work. The flat-fee
listing service costs much less, but they'll have to do more of the
work. What marketing model concept will their decision represent? -
** VERIFIED ANSWERS **✔✔Value
A broker needs to train his licensees on properly following
disclosure requirements. Which of the following strategies will help
his training initiative be most effective? - ** VERIFIED ANSWERS
**✔✔Offer multiple classes so that new licensees are trained
separately from experienced salespeople
Which of the following is true about careers related to real estate? -
** VERIFIED ANSWERS **✔✔Complementary careers include real
estate counseling, appraisal, and education.
