TEXAS SAE Real Estate Brokerage exam
with answers
BROKER OWNER RESPONSIBLITIES - ** VERIFIED ANSWERS **✔✔1.
Responsible for every liscnesee holder in the brokerage
(supervisory)
2. Training/education
3. License maintenance
4. Make sure they don't violate laws (legal)
5. Profitability of the company (fiscal).
BROKER OWNER REWARDS - ** VERIFIED ANSWERS **✔✔1. % of
commissions
2. Ownership control
3. Training of licensees
4. Equity Interest
THREE TYPES OF BROKER OWNERS - ** VERIFIED ANSWERS **✔✔1.
Active brokers who also manage
2. Managing brokers only
3. Hire a managing broker
The projected job growth rate percentage for real estate brokers,
and licensees in general, over the next several years is ____________
PERCENT - ** VERIFIED ANSWERS **✔✔7%
Job growth for real estate licensees is predicted to increase by
_________ percent between 2016 and 2026, which is about the
average for most careers. - ** VERIFIED ANSWERS **✔✔6%
, PREDICTIONS FOR 2020-2021 - ** VERIFIED ANSWERS **✔✔1. Freddie
Mac: A slight (0.5%) leveling off of home prices followed by a rise in
late 2021
2. Zillow: House price drop in late 2020, followed by a slow recovery
by late summer 2021
3. Zillow: 50-60% decline in home sales from pre-coronavirus levels
in 2020, returning to baseline by the end of 2021
4. National Association of REALTORS®: Housing prices are becoming
even less affordable
horizontal expansion - ** VERIFIED ANSWERS **✔✔The growth of
your business through existing or similar services and methods, or
through adding services to an existing clientele.
The three primary types of horizontal expansion are: - ** VERIFIED
ANSWERS **✔✔1. Geographic: This could mean opening new offices
in more locations to expand territory, or including the use of various
business networks and services, such as MLSs or franchising.
2. Sector: If your firm currently focuses on the residential market,
consider expanding to commercial, industrial, or agricultural sales.
3. Service: This includes generalized or specialized services, such as
niche marketing or expanded agency services.
Geographic expansion - ** VERIFIED ANSWERS **✔✔Increasing the
market area you target for business by either opening up a new
office or branch in another location or widening the area you
currently serve.
Examples -
1. Identify potential growth or redevelopment areas.
2. Focus marketing and networking efforts on a larger selected
market area.
with answers
BROKER OWNER RESPONSIBLITIES - ** VERIFIED ANSWERS **✔✔1.
Responsible for every liscnesee holder in the brokerage
(supervisory)
2. Training/education
3. License maintenance
4. Make sure they don't violate laws (legal)
5. Profitability of the company (fiscal).
BROKER OWNER REWARDS - ** VERIFIED ANSWERS **✔✔1. % of
commissions
2. Ownership control
3. Training of licensees
4. Equity Interest
THREE TYPES OF BROKER OWNERS - ** VERIFIED ANSWERS **✔✔1.
Active brokers who also manage
2. Managing brokers only
3. Hire a managing broker
The projected job growth rate percentage for real estate brokers,
and licensees in general, over the next several years is ____________
PERCENT - ** VERIFIED ANSWERS **✔✔7%
Job growth for real estate licensees is predicted to increase by
_________ percent between 2016 and 2026, which is about the
average for most careers. - ** VERIFIED ANSWERS **✔✔6%
, PREDICTIONS FOR 2020-2021 - ** VERIFIED ANSWERS **✔✔1. Freddie
Mac: A slight (0.5%) leveling off of home prices followed by a rise in
late 2021
2. Zillow: House price drop in late 2020, followed by a slow recovery
by late summer 2021
3. Zillow: 50-60% decline in home sales from pre-coronavirus levels
in 2020, returning to baseline by the end of 2021
4. National Association of REALTORS®: Housing prices are becoming
even less affordable
horizontal expansion - ** VERIFIED ANSWERS **✔✔The growth of
your business through existing or similar services and methods, or
through adding services to an existing clientele.
The three primary types of horizontal expansion are: - ** VERIFIED
ANSWERS **✔✔1. Geographic: This could mean opening new offices
in more locations to expand territory, or including the use of various
business networks and services, such as MLSs or franchising.
2. Sector: If your firm currently focuses on the residential market,
consider expanding to commercial, industrial, or agricultural sales.
3. Service: This includes generalized or specialized services, such as
niche marketing or expanded agency services.
Geographic expansion - ** VERIFIED ANSWERS **✔✔Increasing the
market area you target for business by either opening up a new
office or branch in another location or widening the area you
currently serve.
Examples -
1. Identify potential growth or redevelopment areas.
2. Focus marketing and networking efforts on a larger selected
market area.
