TREC SAE Marketing I
TREC SAE Marketing I
2024/2025 Internal Rate of Return - correct answer ✔the yield of the investment within itself when all cash flows have been discounted to 0
Assets - correct answer ✔All tangible and intangible items that can be used to cover the liabilities of a business or be converted into cash, such as office equipment and property
Balance Sheet - correct answer ✔A statement that itemizes assets, liabilities and net worth
Broker - correct answer ✔An individual who is licensed to negotiate contracts
to buy, sell, or lease property for a fee or commission
Budget - correct answer ✔A statement of estimated income and expenses
Business Plan - correct answer ✔A written description of busines operational
and financial goals and strategies that the business will use to achieve them
Capital - correct answer ✔Physical assets that can be used to produce income. Capital can refer to machinery, buildings, inventory, equipment, etc. Also refers to the business' net worth
Cash - correct answer ✔The amount of money that is readily available for business
Cash Flow - correct answer ✔The movement of money in and out of the business Client - correct answer ✔The individual, also known as the principal, who employs a real estate professional to perform certain activities on their behalf
Customer - correct answer ✔An individual who obtains the services of a real estate professional without a contract or binding agreement
Debt Financing - correct answer ✔Obtaining funding (loans) from lenders These loans incur interest and must be repaid within a specified period of time
Equity - correct answer ✔The difference between the value of an asset and the amount of money owed on the asset
Equity Financing - correct answer ✔In order to obtain funding, a company will sell a portion of ownership interest in the company in exchange for capital or funding
Executive Summary - correct answer ✔A written description that provides the reader with an overview of the business plan
Fair Housing Act - correct answer ✔Prohibits discrimination on the basis of race, color, religion, sex, hanicap, familiar status or national origin
Farming - correct answer ✔The process of branding a company or individual's name to a certain area, group of people, or segment of the market
Inflation - correct answer ✔An increase in the price level of goods ans services that cause a decrease in th epurchasing power of the buyer Liability - correct answer ✔A company's or individual's legal obligation to take responsibility for any actions to pay
Manager - correct answer ✔The individual that organizes and oversees the company's financial and human resources
Marketing - correct answer ✔The process of promoting a company's products and services, including advertising and farming
Mission Statement - correct answer ✔A description of a company's purpose, clientele, and business philosophy
NAR - correct answer ✔National Association of Realtors, professional organization for real estate professionals
Net Income - correct answer ✔The gross income minus total operating expenses; this essentially refers to profit
Operating Expenses - correct answer ✔Ongoing costs used to maintain and run the business
Real Estate Salesperson - correct answer ✔A licensed and trained individual
who participates in the process of buying, selling and marketing real estate
ROI - correct answer ✔Return on Investment: measures a corporations profitability and how effectively it uses its capital to produce profit
Target Market - correct answer ✔The specific audience for which a company's products and/or services are intended
TREC SAE Marketing I
2024/2025 Internal Rate of Return - correct answer ✔the yield of the investment within itself when all cash flows have been discounted to 0
Assets - correct answer ✔All tangible and intangible items that can be used to cover the liabilities of a business or be converted into cash, such as office equipment and property
Balance Sheet - correct answer ✔A statement that itemizes assets, liabilities and net worth
Broker - correct answer ✔An individual who is licensed to negotiate contracts
to buy, sell, or lease property for a fee or commission
Budget - correct answer ✔A statement of estimated income and expenses
Business Plan - correct answer ✔A written description of busines operational
and financial goals and strategies that the business will use to achieve them
Capital - correct answer ✔Physical assets that can be used to produce income. Capital can refer to machinery, buildings, inventory, equipment, etc. Also refers to the business' net worth
Cash - correct answer ✔The amount of money that is readily available for business
Cash Flow - correct answer ✔The movement of money in and out of the business Client - correct answer ✔The individual, also known as the principal, who employs a real estate professional to perform certain activities on their behalf
Customer - correct answer ✔An individual who obtains the services of a real estate professional without a contract or binding agreement
Debt Financing - correct answer ✔Obtaining funding (loans) from lenders These loans incur interest and must be repaid within a specified period of time
Equity - correct answer ✔The difference between the value of an asset and the amount of money owed on the asset
Equity Financing - correct answer ✔In order to obtain funding, a company will sell a portion of ownership interest in the company in exchange for capital or funding
Executive Summary - correct answer ✔A written description that provides the reader with an overview of the business plan
Fair Housing Act - correct answer ✔Prohibits discrimination on the basis of race, color, religion, sex, hanicap, familiar status or national origin
Farming - correct answer ✔The process of branding a company or individual's name to a certain area, group of people, or segment of the market
Inflation - correct answer ✔An increase in the price level of goods ans services that cause a decrease in th epurchasing power of the buyer Liability - correct answer ✔A company's or individual's legal obligation to take responsibility for any actions to pay
Manager - correct answer ✔The individual that organizes and oversees the company's financial and human resources
Marketing - correct answer ✔The process of promoting a company's products and services, including advertising and farming
Mission Statement - correct answer ✔A description of a company's purpose, clientele, and business philosophy
NAR - correct answer ✔National Association of Realtors, professional organization for real estate professionals
Net Income - correct answer ✔The gross income minus total operating expenses; this essentially refers to profit
Operating Expenses - correct answer ✔Ongoing costs used to maintain and run the business
Real Estate Salesperson - correct answer ✔A licensed and trained individual
who participates in the process of buying, selling and marketing real estate
ROI - correct answer ✔Return on Investment: measures a corporations profitability and how effectively it uses its capital to produce profit
Target Market - correct answer ✔The specific audience for which a company's products and/or services are intended
