Question 50
Tyrone started a job in the sales department of a large firm. In an organizational chart,
his department is shown alongside many others. Departments are run as teams with
individuals at all levels responsible for making business decisions. What type of
organizational structure is this?
Centralized
Decentralized
Monolithic
Vertical
Give this one a try later!
, decentralized
Which of these statements most accurately represents existing federal antitrust
legislation?
The Clayton Act supports the Sherman Antitrust Act's purpose of prohibiting
monopolies by prohibiting mergers or acquisitions that would create a monopoly.
The Federal Trade Commission Act established the Sherman and Clayton acts to
prevent collusive activities that limit competition.
The Federal Trade Commission Act prevents one large firm from acquiring another
similar firm that would result in a restraint of trade.
The Sherman Antitrust Act was passed to supplement the Clayton Act in an effort to
prevent mergers that create monopolies.
Give this one a try later!
The Clayton Act of 1914 supports the Sherman Antitrust Act of 1890 by
prohibiting mergers or acquisitions that would result in an unreasonable
reduction in competition or the creation of monopolies.
Identify the forms that current law requires to be used in all lender-financed
residential closings.
GFE and Loan Estimate
GFE and TIL
Loan Estimate and Closing Disclosure
Loan Estimate and TIL
Give this one a try later!
The law requires two specific forms—the Loan Estimate and Closing
Disclosure—to be used for all residential closings.
,Adding a mortgage lending service to a real estate brokerage operation is an
example of what type of growth?
Geographic expansion
Horizontal expansion
Organic growth
Vertical expansion
Give this one a try later!
Vertical expansion
Adding a mortgage lending service is an example of expanding into
vertical markets that typically are performed before, after, or in conjunction
with a real estate transaction.
Question 52
What is a benefit of affiliating with a national corporation?
Increased decision-making authority
Maximum control and flexibility
Name recognition
Shared office space
Give this one a try later!
name recognition
Which of the following is true about corporations?
Close corporations are located near company headquarters.
Corporations are sole legal entities created under state law.
Corporations require the use of state-certified trade names.
General corporations pass liability on to the owners.
, Give this one a try later!
Corporations are sole legal entities created under state law.
A(n) ________________ is certain to save a brokerage money.
Give this one a try later!
Culture of retention
Which special lease clause stipulates increased rental rates at specific times during
the lease term, or requires tenants to pay a proportionate amount of the overall
increased utility expense, in addition to their base rent?
Assignment/subletting
Escalation
Service included
Tax
Give this one a try later!
escalation
Because expenses continue to increase to the point that landlords end up
with no profit on real estate investments, many current office leases are
designed to "pass on" the increase to individual tenants through an
escalation clause.
A consistent disparity in listing versus selling prices may reflect ___________.
Give this one a try later!
Tyrone started a job in the sales department of a large firm. In an organizational chart,
his department is shown alongside many others. Departments are run as teams with
individuals at all levels responsible for making business decisions. What type of
organizational structure is this?
Centralized
Decentralized
Monolithic
Vertical
Give this one a try later!
, decentralized
Which of these statements most accurately represents existing federal antitrust
legislation?
The Clayton Act supports the Sherman Antitrust Act's purpose of prohibiting
monopolies by prohibiting mergers or acquisitions that would create a monopoly.
The Federal Trade Commission Act established the Sherman and Clayton acts to
prevent collusive activities that limit competition.
The Federal Trade Commission Act prevents one large firm from acquiring another
similar firm that would result in a restraint of trade.
The Sherman Antitrust Act was passed to supplement the Clayton Act in an effort to
prevent mergers that create monopolies.
Give this one a try later!
The Clayton Act of 1914 supports the Sherman Antitrust Act of 1890 by
prohibiting mergers or acquisitions that would result in an unreasonable
reduction in competition or the creation of monopolies.
Identify the forms that current law requires to be used in all lender-financed
residential closings.
GFE and Loan Estimate
GFE and TIL
Loan Estimate and Closing Disclosure
Loan Estimate and TIL
Give this one a try later!
The law requires two specific forms—the Loan Estimate and Closing
Disclosure—to be used for all residential closings.
,Adding a mortgage lending service to a real estate brokerage operation is an
example of what type of growth?
Geographic expansion
Horizontal expansion
Organic growth
Vertical expansion
Give this one a try later!
Vertical expansion
Adding a mortgage lending service is an example of expanding into
vertical markets that typically are performed before, after, or in conjunction
with a real estate transaction.
Question 52
What is a benefit of affiliating with a national corporation?
Increased decision-making authority
Maximum control and flexibility
Name recognition
Shared office space
Give this one a try later!
name recognition
Which of the following is true about corporations?
Close corporations are located near company headquarters.
Corporations are sole legal entities created under state law.
Corporations require the use of state-certified trade names.
General corporations pass liability on to the owners.
, Give this one a try later!
Corporations are sole legal entities created under state law.
A(n) ________________ is certain to save a brokerage money.
Give this one a try later!
Culture of retention
Which special lease clause stipulates increased rental rates at specific times during
the lease term, or requires tenants to pay a proportionate amount of the overall
increased utility expense, in addition to their base rent?
Assignment/subletting
Escalation
Service included
Tax
Give this one a try later!
escalation
Because expenses continue to increase to the point that landlords end up
with no profit on real estate investments, many current office leases are
designed to "pass on" the increase to individual tenants through an
escalation clause.
A consistent disparity in listing versus selling prices may reflect ___________.
Give this one a try later!
