QUESTIONS AND ANSWERS
Under the DTPA, a home for sale is considered a ___________. - ANS Good
Under what circumstance may an agent call a person who is on the Do-Not-Call Registry? -
ANS If the broker has an established business relationship with the person on the Do-Not-
Call Registry within the last 18 months
Which body of law requires certain contracts to be in writing in order to be enforceable? -
ANS Statute of Frauds
According to the text, how many of each recently sold, recently listed and recently expired
properties similar to the subject property should an agent include in a CMA? - ANS 3
When analyzing your competition, what should you be aware of? - ANS Their web and social
media presence
(b) The services that they offer
(c) Their advertising and marketing campaigns
Your ____________summarize your market opportunities and the solutions to any problems
your business faces. - ANS Objectives and goals
Razing single-family homes and developing the lots as multifamily housing is due, in large part,
to _____________. - ANS Land cost
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, Which of the following is not a benefit of owning real estate - ANS A mortgage
__________ is the primary driver of demand. - ANS Growth in employment
Which statement is incorrect? - ANS The pool of available buyers contracts in times of easy
credit.
According to the text on email etiquette, every email should have a ________________ that
demonstrates the core meaning of its message. - ANS Subject line
Which of the following is NOT a requirement of FACTA? - ANS Consumers must notify all
three credit reporting services to initiate a nationwide fraud alert if they believe that their
identity has been stolen
Which of the following penalties might be levied against an employer if employees' personal
information or identity is stolen from the employer? - ANS Class action lawsuits
TRELA requires that in order to be eligible for a license, a business entity must provide proof
that the entity maintains errors and omissions insurance with a minimum annual limit of
$________ for each occurrence if the designated broker owns less than 10% of the business
entity. - ANS $1,000,000
The _______ plan should kick in when there is a privacy or security breach, and there is a need
to "repair it" immediately in the eyes of customers, government regulators, and management. -
ANS mitigation
Which of the following is considered a reasonable measure of destroying sensitive
documentation? - ANS Shredding files
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