GRI Exam – Questions & Answers (100% Correct)
The Do Not Call Act Prohibits Calls to -- ✔️Ans - residential and cell
phone numbers registered with Federal Trade Commission.
Do Not Call Act Exception include: ✔️Ans - Call may be placed for up to
18 months after the last transaction to a consumer with an established
business relationship.
A consumer who made an inquiry may be called for up to 3 months from
the initial inquiry.
A consumer who has given written permission
CAN-SPAM set--- ✔️Ans - rules for all sending commercial email.
CAN SPAM requires all commercial email to contain: ✔️Ans - An opt out
Mechanism which is to remain active for at least 30 days after the message
transmission.
A clear and conspicuous notice that the message is an advertisement.
A legitimate return email address
A valid physical
In the sales process, the listing agent is most responsible for- ✔️Ans -
Marketing the property
The NAR 2012 Home Buyer and Seller Survey, reports that the successful
sale of FSBO properties increases slightly to 6% when: ✔️Ans -
eliminating material relationship transactions.
Per NAR Survey the number 1 reason that seller attempt to sell their
property FSBO is: ✔️Ans - their reluctance to pay a commission
3 types of behaviour that can be displayed and encourage when in a
negotiation ✔️Ans - Red, Blue and Purple
What color is recognized as representing a win-win behaviour ✔️Ans -
Purple
, Two types of negotiation strategies are: ✔️Ans - adversarial and
interest-based.
Interest-based is recognized as ✔️Ans - producing win-win results.
BATNA stand for-- ✔️Ans - Best Alternative to a Negotiated Agreement
BATNA is the best option if the current negotiation ✔️Ans - fails
When conducting a negotiation, it would be considered prudent practice to:
✔️Ans - Ask effective questions
Explain the process to your client
Ask for a concession in return for giving one
A REALTOR must ✔️Ans - take responsibility for what is conveyed to all
parties and prevent their personal opinions from causing the buyer and
seller to dislike each other.
When counter-offering you should ✔️Ans - avoid negotiating down to
only one item - if the only thing you are negotiating is price, you lose
Leverage.
To maintain your reputation and gain the respect of all the parties in the
negotiation, a REALTOR should ✔️Ans - Keep all appointments
Return calls in a timely manner
fulfill promises
Technology Tools to build your busines ✔️Ans - About.me
City-Date.com
Google Alerts (www.google.com/alert)
Mention.net
Trulis.com
Zillow.com
Largest provided of E-forms? ✔️Ans - ZipForm- Exclusive form software
to NAR
When an agent use TBD in a contract ✔️Ans - The contract will be void
The Do Not Call Act Prohibits Calls to -- ✔️Ans - residential and cell
phone numbers registered with Federal Trade Commission.
Do Not Call Act Exception include: ✔️Ans - Call may be placed for up to
18 months after the last transaction to a consumer with an established
business relationship.
A consumer who made an inquiry may be called for up to 3 months from
the initial inquiry.
A consumer who has given written permission
CAN-SPAM set--- ✔️Ans - rules for all sending commercial email.
CAN SPAM requires all commercial email to contain: ✔️Ans - An opt out
Mechanism which is to remain active for at least 30 days after the message
transmission.
A clear and conspicuous notice that the message is an advertisement.
A legitimate return email address
A valid physical
In the sales process, the listing agent is most responsible for- ✔️Ans -
Marketing the property
The NAR 2012 Home Buyer and Seller Survey, reports that the successful
sale of FSBO properties increases slightly to 6% when: ✔️Ans -
eliminating material relationship transactions.
Per NAR Survey the number 1 reason that seller attempt to sell their
property FSBO is: ✔️Ans - their reluctance to pay a commission
3 types of behaviour that can be displayed and encourage when in a
negotiation ✔️Ans - Red, Blue and Purple
What color is recognized as representing a win-win behaviour ✔️Ans -
Purple
, Two types of negotiation strategies are: ✔️Ans - adversarial and
interest-based.
Interest-based is recognized as ✔️Ans - producing win-win results.
BATNA stand for-- ✔️Ans - Best Alternative to a Negotiated Agreement
BATNA is the best option if the current negotiation ✔️Ans - fails
When conducting a negotiation, it would be considered prudent practice to:
✔️Ans - Ask effective questions
Explain the process to your client
Ask for a concession in return for giving one
A REALTOR must ✔️Ans - take responsibility for what is conveyed to all
parties and prevent their personal opinions from causing the buyer and
seller to dislike each other.
When counter-offering you should ✔️Ans - avoid negotiating down to
only one item - if the only thing you are negotiating is price, you lose
Leverage.
To maintain your reputation and gain the respect of all the parties in the
negotiation, a REALTOR should ✔️Ans - Keep all appointments
Return calls in a timely manner
fulfill promises
Technology Tools to build your busines ✔️Ans - About.me
City-Date.com
Google Alerts (www.google.com/alert)
Mention.net
Trulis.com
Zillow.com
Largest provided of E-forms? ✔️Ans - ZipForm- Exclusive form software
to NAR
When an agent use TBD in a contract ✔️Ans - The contract will be void
