Post RE License Exam – Florida With 100% Correct Answers

Post RE License Exam – Florida With 100% Correct Answers Spending money without a plan and without measurable results is a spending trap. - answerTrue Determining closing costs is an example of product knowledge. - answerFalse An action plan for lead generating commonly includes making phone calls, meeting with people face to face, sending emails and mailings. - answerTrue Digging the hole for a real estate sign is considered a support activity. - answerTrue Marketing knowledge is understanding how to attract a buyer to get a property to sell. - answerTrue Success in real estate normally happens because of luck. - answerFalse Licensees can develop action plans by starting with income goals and applying industry conversion standards to determine how many deals are required to produce the income goals. - answerTrue A maximized time management plan doesn't allow for ongoing education. - answerFalse Whenever a broker belongs to the MLS, all the licensees working within that brokerage must also join the MLS. - answerTrue Branding allows a licensee to never have to meet prospects while still gaining business. - answerFalse Which of the following is the formula to calculate how many clients are needed to produce desired transactions? - answer# of Closings Desired ÷ Client Closing % If your broker keeps 25% of your commission, and you want to make $60,000 in a year, how much commission do you have to bring in? - answer$80,000 Which statement is true about converting prospects to leads? - answerThe quality of the relationships and the touches greatly affects the conversion from "touch" to lead. Taking in information and processing what is important is called what? - answerListening If you need to work with 50 clients and you are able to convert 45% of your leads, how many leads do you need to have? - answer112 Which is an example of Pareto's Principle? - answer20% of the real estate agents in a market produce 80% of the results. Which of the following tasks are considered lead generating activities? - answerDoor knocking Which statement is false regarding hanging your license with a non-MLS brokerage? - answerNon-MLS brokers are guaranteed a commission when selling a property listed within the MLS. Unlicensed assistants may do all the following except? - answerMake prospecting calls Learning how to do a CMA is an example of? - answerTechnical Knowledge Success in a real estate normally happens because of luck. - answerFalse A property search is using the tools we have as realtors to find houses for buyers that have the required attributes such as number of bedrooms. - answerTrue MLS stands for Multiple Realtor Schedule and is used for scheduling showings. - answerFalse As a real estate agent when you are "partnering with buyers" you should review all listings, watch videos of homes, and set up showings for every house your buyer may want to see. - answerFalse Once you submit an offer, a seller may come back with different terms or a "counter offer" and your buyers can accept those new terms or counter with a new "clean" offer. - answerTrue The courting period allows the buyer and agent a little time to make sure they are comfortable with each other. - answerTrue You should provide your buyer with several possible homes and have them drive by the houses that they like to make sure the neighborhood and the exterior of the home is acceptable before you schedule a showing. - answerTrue When you have a buyer with the proverbial "champagne tastes on a beer budget" you must give them realistic expectations by educating them on how much homes are and what is available. - answerTrue When writing an offer for a buyer the agent must have it handwritten and signed in wet ink by all parties. - answerFals