CHAMPIONS POWERHOUSE SAE FINAL EXAM QUESTIONS
WITH ANSWERS GRADED A+
✔✔Buyer's agents can negotiate a flat fee or an hourly rate for performing certain
services specific to the purchase. - ✔✔consultant fee
✔✔An agent may not deceive, defraud, or otherwise deal with a customer in a
dishonest manner. - ✔✔honest duty
✔✔This means that an agent will be held to the standards
of knowledge, expertise, and ethics that are spelled out in the Texas Real Estate
License Act - ✔✔reasonable care and skill in performance
✔✔A buying signal is something a prospect says or does that indicates a positive
buying decision may
occur. - ✔✔buying signal
✔✔This document can empower your buyer
by providing them with information on topics that can sometimes cause confusion on the
part of
the buyer during the process. - ✔✔TAR 1506
✔✔5 most common hidden defects - ✔✔1. Bad foundation
2. Worn roof
3. Poor water drainage
4. Termite infestation
5. Inadequate plumbing and/or electric wiring
✔✔Karen works successfully through Henry's objections, and he agrees to take the
plunge by
making an offer on the property. What should Karen do next?
a. Karen should provide Henry with as much market information as possible
b. Karen should do a CMA on the property to help Henry come up with a realistic
offer
c. These are all things that Karen should do to ensure that she serves Henry's best
interests - ✔✔c
✔✔3 main ways buyers take in information - ✔✔visual, auditory, kinesthetic
✔✔This listing gives the seller the right to list the
property with multiple competing brokers
and to sell the property personally without
liability for payment of a commission - ✔✔open listing
, ✔✔Subagency disclosures are more stringent due
to this law - ✔✔Senate Bill 489
✔✔Under such listings, the seller establishes a
minimum, acceptable net price. - ✔✔net price
✔✔An employment contract used by sellers to
employ a real estate broker,or brokerage firm,
to find a buyer for their property. - ✔✔exclusive right to sell
✔✔When a license holder is not associated with
the seller's broker but is representing the
seller through a cooperative agreement with
the seller's broker. - ✔✔subagency
✔✔it is a good idea to get rid of posters, unusual paint colors or very outdated
wallpapers. Neutral colors sell better for the simple reason that they blend in with the
things buyers already have, rather than clashing. - ✔✔Neutralizing
✔✔the final touch is a bit of glamour, which makes your home stand out as
one the buyers want to live in. Plants, attractive table settings in the dining room, fire in
the
fireplace, background music, plenty of light, pleasant aromas and a welcoming attitude
are a
sure way to win in the selling game. - ✔✔Dynamicizing
✔✔If you are a buyer's agent, you can request _______
compensation than the listing broker entered into
the MLS for cooperating brokers. - ✔✔more
✔✔4 reasons a house doesnt sell - ✔✔price, location, condition, market plan
✔✔Who is the procuring cause of a real estate transaction?
a. The listing broker
b. The first broker who sells the property
c. The first broker to sue for commission
d. The mortgage originator - ✔✔b
✔✔Which statement regarding net listings is false?
a. Net listings are considered unethical and are illegal in Texas
b. Net listings are the preferred listing amongst brokers
c. Net listing always produce the best price and brokerage service for the seller
d. All of these statements are false - ✔✔d
WITH ANSWERS GRADED A+
✔✔Buyer's agents can negotiate a flat fee or an hourly rate for performing certain
services specific to the purchase. - ✔✔consultant fee
✔✔An agent may not deceive, defraud, or otherwise deal with a customer in a
dishonest manner. - ✔✔honest duty
✔✔This means that an agent will be held to the standards
of knowledge, expertise, and ethics that are spelled out in the Texas Real Estate
License Act - ✔✔reasonable care and skill in performance
✔✔A buying signal is something a prospect says or does that indicates a positive
buying decision may
occur. - ✔✔buying signal
✔✔This document can empower your buyer
by providing them with information on topics that can sometimes cause confusion on the
part of
the buyer during the process. - ✔✔TAR 1506
✔✔5 most common hidden defects - ✔✔1. Bad foundation
2. Worn roof
3. Poor water drainage
4. Termite infestation
5. Inadequate plumbing and/or electric wiring
✔✔Karen works successfully through Henry's objections, and he agrees to take the
plunge by
making an offer on the property. What should Karen do next?
a. Karen should provide Henry with as much market information as possible
b. Karen should do a CMA on the property to help Henry come up with a realistic
offer
c. These are all things that Karen should do to ensure that she serves Henry's best
interests - ✔✔c
✔✔3 main ways buyers take in information - ✔✔visual, auditory, kinesthetic
✔✔This listing gives the seller the right to list the
property with multiple competing brokers
and to sell the property personally without
liability for payment of a commission - ✔✔open listing
, ✔✔Subagency disclosures are more stringent due
to this law - ✔✔Senate Bill 489
✔✔Under such listings, the seller establishes a
minimum, acceptable net price. - ✔✔net price
✔✔An employment contract used by sellers to
employ a real estate broker,or brokerage firm,
to find a buyer for their property. - ✔✔exclusive right to sell
✔✔When a license holder is not associated with
the seller's broker but is representing the
seller through a cooperative agreement with
the seller's broker. - ✔✔subagency
✔✔it is a good idea to get rid of posters, unusual paint colors or very outdated
wallpapers. Neutral colors sell better for the simple reason that they blend in with the
things buyers already have, rather than clashing. - ✔✔Neutralizing
✔✔the final touch is a bit of glamour, which makes your home stand out as
one the buyers want to live in. Plants, attractive table settings in the dining room, fire in
the
fireplace, background music, plenty of light, pleasant aromas and a welcoming attitude
are a
sure way to win in the selling game. - ✔✔Dynamicizing
✔✔If you are a buyer's agent, you can request _______
compensation than the listing broker entered into
the MLS for cooperating brokers. - ✔✔more
✔✔4 reasons a house doesnt sell - ✔✔price, location, condition, market plan
✔✔Who is the procuring cause of a real estate transaction?
a. The listing broker
b. The first broker who sells the property
c. The first broker to sue for commission
d. The mortgage originator - ✔✔b
✔✔Which statement regarding net listings is false?
a. Net listings are considered unethical and are illegal in Texas
b. Net listings are the preferred listing amongst brokers
c. Net listing always produce the best price and brokerage service for the seller
d. All of these statements are false - ✔✔d
