POWER HOUSE TRAINING: CHAPTER 3 questions with correct answers

PITI CORRECT ANSWER sum of principal, interest, taxes, and insurance Conventional Loans CORRECT ANSWER Loans that are neither insured nor guaranteed by the federal government Buyer Representation Agreement CORRECT ANSWER This agreement "lists" the buyer as your client Prospecting CORRECT ANSWER Searching for buyers using your techniques such as marketing and farming There are 3 ways you add value to the buying process... CORRECT ANSWER 1. Counseling 2. Negotiation 3. Managing the Transaction Tips for Prospecting For Buyers... CORRECT ANSWER -work open houses -have a buyers' section on your website -develop contacts with Human Resources departments -target renters in higher end properties -solicit your current sellers If your initial contact with a prospective buyer is by phone, then remember that your main goal is to..... CORRECT ANSWER secure an appointment with this person