TEXAS SAE REAL ESTATE Brokerage exam with correct answers

TEXAS SAE REAL ESTATE Brokerage
exam with correct answers

Executive Summary - ANSWER: ➡ Most business plans include a synopsis of the plan as a whole,
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designed to be read by shareholders, lenders, and other third parties with an interest in learning
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about the organization. What is this synopsis called?
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An indication that the worker wont be treated as an employee. - ANSWER: ➡ Which of these should a
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brokerage's independent contractor agreements include?
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Brainstorming and focus groups are a big part of this style of management. - ANSWER: ➡
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Participatory
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Who is behaving unethically in the following scenarios? - ANSWER: ➡ A licensee who doesn't show
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potential buyers a home because he believes they aren't a cultural fit.
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Serious damage to the firm's brand or reputation can occur as a result of ______. - ANSWER: ➡ A single
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large event or a pattern of smaller events
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Which of these scenarios would best be solved with short-term financing? - ANSWER: ➡ Your
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forecast shows that you won't be able to fully fund operations in February and March, but the rest of
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the year looks great.
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A leader who displays the quality of being a visionary is able to do what? - ANSWER: ➡ Look ahead at
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trends to meet future market demands
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Which of the following gives employers the right to hire and fire people with or without a reasonable
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cause? - ANSWER: ➡ The doctrine of employment-at-will
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Forecasters predict a huge spring blizzard. Jarrod's not concerned about operations because
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everyone could use a couple of days off, anyway. The snow will melt eventually. What long-term
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, issues could arise that would cause more damage than Jarrod realizes? - ANSWER: ➡ Damage to the
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building from the storm and melting snow could destroy Jarrod's office and records.
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What's the last stage of a business life cycle? - ANSWER: ➡ Death
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To be effective, the wording of a brokerage's code of ethics must be ______. - ANSWER: ➡ Specific
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What's the purpose of a firewall? - ANSWER: ➡ It prevents hackers from infecting your system with
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viruses, worms, and malware.
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Broker Jill is conducting the exit interview with one of her licensees, who is heading to a larger
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brokerage. Which of the following is an appropriate exit interview question for Jill to ask? - ANSWER:
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➡ "What did you enjoy about working here?"
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If a minor enters into a contract with an adult, which of the following is true? - ANSWER: ➡ The
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minor may legally hold the adult to the contract, but the adult cannot legally hold the minor to the
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contract.
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Which of the following is an example of horizontal growth? - ANSWER: ➡ Adding a commercial sales
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venture to a residential sales office
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When is an agency disclosure form required? - ANSWER: ➡ Any time real estate matters are
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discussed between an agent and a consumer
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Which of these professional development opportunities is the best way for a licensee to receive a
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quick introduction to a topic from an expert, or to dive more deeply into an area with other
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experienced professionals? - ANSWER: ➡ Real Estate Seminar
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Why is it important to understand the needs of different generations? - ANSWER: ➡ When you
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define your niche, you can appeal to the needs of the generations in your market.
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Jorge works at a firm where elected officers govern the affairs of the organization, while a licensed
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broker, Shonda, is directly responsible for the real estate transactions. The officers and Shonda are
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