Real Estate Marketing 101 Question and answers verified to pass

Real Estate Marketing 101 Question and answers verified to pass When accounting for possession utility what document do agents rely on to tell them whether the seller owns the property and whether there are problems with easements, judgments, or other encumbrances? - correct answer Preliminary title report (It's vital property be deliverable in the possession utility. Agents use preliminary title report to confirm owners name and all claims, easements, judgments or other encumbrances on the property.) Title companies, listing agencies, selling agencies, lenders, appraisers and others involved in delivering the property to the customer are a part of - correct answer the place strategy-most states agents are the contact point for both buyers and sellers. They are responsible for monitoring the activities of the vendors involved. place utility - correct answer properties must be at convenient locations for the customers, such as locations close to shopping centers, schools, transportation routes, and cultural centers. An agent and his prospect have spent the better part of three days reviewing properties. The prospect has finally settled upon one she really likes. However, when she goes to her bank, interest rates have moved up unexpectedly. Money seems scarce at other banks, as well. At least it's scarce with regard to an affordable rate. This becomes an issue for the prospect with regard to - correct answer possession utility-Possession utility requires that the property be deliverable, the buyer is able to buy, and the money is available and at a reasonable rate. The money is not available at a reasonable rate and therefore possession utility becomes an issue. The promotional mix is made up of long-term and short-term activities used to influence and encourage customers to call or visit a real estate office. Which of the following is NOT a long-term activity within the promotional strategy? - correct answer Personal selling-Personal selling is considered a short-term activity, whereas publicity, sales promotion, and advertising are considered long-term activities within the promotional strategy. A channel of distribution is associated with - correct answer place- During which period did p