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A consistent disparity in listing versus selling prices may reflect ___________. -
(answer)Inaccurate competitive market analyses
Which of these would be an advantage for the broker of hiring licensees as salaried employees,
rather than as independent contractors on a commission-based compensation plan? -
(answer)Sales agents will probably make fewer errors as a result of more broker control and
supervision.
Which option best describes what an environmental impact statement is? - (answer)It describes
and analyzes a proposed action that may have a significant effect on the environment.
When Andrew schedules a sales meeting at his brokerage, he prepares well in advance by
___________. - (answer)Developing an agenda, talking points, visuals, and handouts
What is a flat-fee pricing strategy? - (answer)Clients are charged a pre-set fee for a pre-
determined service.
,The Brendon Group is evaluating a new market and wants to know the market's cultural
composition. That's likely because _________. - (answer)The licensees don't do any active
selling.
Which of the following actions could compromise your security when meeting with a customer
for the first time in the field? - (answer)Ignoring a lewd comment
Alison is taking steps to become the owner of her own real estate brokerage, Honesty Homes.
She and the two real estate professionals who will become her first employees are drafting the
firm's vision statement. Which of the following should be included? - (answer)A statement of
what the company's future results, achievements, and successes will be
Commonly, the Federal Trade Commission will receive leads about a potential antitrust violation
through which avenue? - (answer)Hearing consumer complaints
A leader who displays the quality of being a visionary is able to do what? - (answer)Look ahead
at trends to meet future market demands
,A coaching framework is useful at a brokerage because ______. - (answer)It gives structure to
the coaching process, which helps it be most effective
Rachel is subject to court-ordered supervision due to an antitrust violation. This oversight may
continue for as long as ______. - (answer)10 years
Reese and his staff have developed an engaging, action-oriented listing presentation to present to
potential sellers. Which component in the marketing model does the listing presentation
represent? - (answer)communicating
Personality type models should be used to ____________. - (answer)inform and understand
Sarina's firm primarily uses electronic marketing communications, including emails, Twitter
feeds, and Facebook posts. Which of the following marketing tools might receive special
attention? - (answer)A hand-written thank you note
A(n) ________________ is certain to save a brokerage money. - (answer)Culture of retention
, Edgar and his management staff identified their work with real estate contracts as a potential risk
to the firm. If Edgar hires an attorney to review every contract written in his office, which risk-
handling strategy does this represent? - (answer)transfer
If you're going to take advantage of cloud computing to store sensitive client information, you
will need what security measures to protect the data? - (answer)Strong passwords, limited access,
and virus protection
Cityville administrators are trying to control urban sprawl, but they still need to plan for the
growing population. They've revamped zoning laws to allow residential units to be built on
smaller lots, and multi-family housing to be built in areas once zoned for single-family housing.
Which real estate trend does this describe? - (answer)Increased density
Which of the following factors most directly determines the complexity of an organization's
operating structure? - (answer)number of job roles
Nat has a friend who's in the home construction business, and he says that in the last six months,
there's been an increased demand from developers to build homes that are more energy efficient
and use sustainable, non-toxic building materials. What current market trend is this an example
of? - (answer)Greener buyers