45 Hour Post License Exam Questions and Answers Latest Updated 2024/2025 (100% Correct)

45 Hour Post License Exam Questions and Answers Latest Updated 2024/2025 (100% Correct) Economic Base correct answers The ability of a region to export goods and services to other regions. Demand-Pull Inflation correct answers Higher prices due to buyers bidding against each other. Real-Cost Inflation correct answers Higher prices due to great effort needed to produce the same product today. Cost-Push Inflation correct answers Higher prices due to increased costs of labor and supplies. Monetary Inflation correct answers Results from increasing the money supply faster than increases in goods and services to buy. Federal Reserve Board correct answers Governing board of the nations central bank. Real correct answers Inflation Adjusted Monetize the Debt correct answers The creation of money by the Federal Reserves to purchase Treasury securities. Advertising correct answers A paid form of non-personal presentation of goods, services, or ideas to a group by an identified sponsor. Showing correct answers The act of taking a prospect to and through a property. Misrepresentation correct answers A representation, through words or conduct, not in accord with facts. Regulation Z correct answers The Federal Reserve Board regulation implementing the Truth-inLending Act. Referral correct answers Prospective customers or clients who have been sent or directed to someone recommended for a service. Amenities correct answers Pleasing and agreeable qualities; intangible benefits of property ownership such as pride of ownership or scenic beauty. FSBO correct answers Homes "For Sale By Owner" 45 Hour Post License Exam Questions and Answers Latest Updated 2024/2025 Graded A+ Open House correct answers A house being held open to the public attracting prospective purchasers. Brokers Open correct answers An open house showing to which only other brokers are invited. Guest Register correct answers A book to record names of visitors and to invite comment. Motivation correct answers The act or process of creating incentive causing a person to act to satisfy a drive, need, or desire. Curb Appeal correct answers Favorable impression of visitors approaching subject property for the first time. Headline or "Hed" correct answers The short phrase found at the beginning or top of a classified ad, designed to attract the readers attention. Personal Marketing correct answers Activities which are designed to promote agents and their business reputations. Mission Statement correct answers A written message conveying the personal and business philosophy of agents. It defines their goals as to how they will serve both clients and customers. Call to Action correct answers Verbiage contained in and advertisement that will prompt some action on the part of the reader (ex) call now, come by our office, etc. Target Marketing correct answers A method of isolating the concentration on a segment of the market. Focusing on either a geographical area with which the agent is more familiar, or a price range in which they can function more effectively. Cocooning correct answers The current trend wherein adults are wanting to spend more time at home and even segue into home based businesses because of the prolonged stress of the economy and the market place. Personal Promotion correct answers Image building of ones self; establishing public relations with customers and/or clients. A face to face approach. A method of building future business. Boutique Agency correct answers An advertising firm that caters especially to clients who have somewhat limited budgets, yet wants a product that is specially designed for them. Personal Advertising correct answers Information distributed by some form of mass media, print, radio, TV or billboards, which makes the public aware of a specific agent and endeavors to insure the public will remember the name of the agents and call them when in need of their services. It is geared toward more instant recognition. Body correct answers The information that follows the "hed" in a classified ad. Ready, willing, and Able correct answers Qualities necessary for a fully qualified buyer. Procuring Cause correct answers The cause originated from a series of events that without breaking the continuity results in the prime objective of the employment of an agent. Prospecting correct answers A planned method of gaining exposure to people in need of the services of a real estate professional. Center of Influence (COI) correct answers A person, who over a period of time, can provide prospects from sales people. Farming correct answers A planned, systematic method of prospecting in a specific market area. Negotiations correct answers An informational process, an exchange in dialogue that results in a mutually acceptable agreement to specific terms. Liquidated Damages correct answers An amount of money specified in a contract as compensation to be paid for a breach of contract.