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SAE BROKERAGE STUDY QUESTIONS & ANSWERS GRADED A

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SAE BROKERAGE STUDY QUESTIONS & ANSWERS GRADED A

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Which of the following is a recommended activity when conducting a new worker
orientation at a brokerage?


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Discuss the brokerage's expectations of it workers.




Which of the following should your disaster recovery plan contain?

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A prioritized list of restoration functions




Fiona signed an agreement to either buy or not buy Nick's vacant lot for $310,000 by a
specific date. What's this agreement called?


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An option




Tiffany's brokerage is booming, and she has a larger market share than her
competitors. What does this mean?


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She has more sales.




A fire has destroyed your office building. Which of the following plans will enable you
to begin restoring operations?


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Disaster recovery plan

, If a real estate brokerage firm operates under a trade or franchise name, which of the
following is TRUE?


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The identity of the trade name holder must be clearly revealed.




What does errors and omissions cover?


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An accidental mistake




A broker is concerned about the potential for litigation due to actions his licensees
may take. He's implementing a risk management plan to reduce the level of risk his
firm faces. What's the first step he should take?


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Identify the risks that are most likely or most damaging at his firm.




A ______ is a budget prepared by a department that's been given the responsibility of
generating enough income to cover an allocated portion of the firm's budget and
make a profit.


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