for Exam
Purpose of Lean Management Principles - ANSHelps Brokerage to increase productiveness by
constantly comparing their shape and eliminatinf unneeded or wasteful purposes.
Fee - ANSDiscretion of Broker and no two dealers may want to get the same cut up. Broker
beneath no obligation to offer identical reimbursement to all agents
Independent Contractor Rules - ANSBe your very own boss
Have to store for own taxes
Freedom to work when you need
Make as an awful lot or as little cash you need - fee based paintings.
Terminating Sponsorship - ANSWhen sponsorship has ended-broker notifies TREC without
delay and sends license again. May notify TREC in writing also
Marketing strategies for goal markets - ANSGeographic Farming: an area of four hundred-600
houses;your community
Demographic Farming: A unique form of humans; First Time Buyers, Seniors,Military.
Variable charges - ANSexpenses that exchange from month to month; advertising and
marketing,signage,printing.
FACTA - Fair & Accurate Credit Transactions Act - ANSIdentity Theft of Credit Score/Reports
Lenders should provide credit rating used although mortgage became denied.
Suspect theft? Notify one of the organizations - Equifax,Experian,TransUnion
Employers ought to wreck all info obtained on file before discarding it.
Businesses need to depart off all but the last five of the credit card # on receipts.
Consumer gets one unfastened copy of credit score report a 12 months
Destruction of touchy documents - ANSBurn
Shred
Pulverize
, Erase files
Hire outdoor source to break personal records
What is the Policies and Procedures (Employee Handbook) - ANSManual that units barriers so
agent knows exactly a way to operate as well as answer questions that the agent may have.
What does the Policies and Procedures (Employee Handbook) do? - ANSProvides a clear
knowledge between agent and Broker
Provides Resolutions of controversies earlier than they arise
Forbid favoritism
Factors that affect supply - ANSLand charges
Construction
Taxation
Economics
Local Government building codes
Factors that have an effect on Demand - ANSGrowth in employment
Transportation structures
Personal Preference
Availability of credit score
Fed executive coverage
Categories of time - ANSIncome generating sports: listing,prospecting,promoting
Support sports: following via on transaction
Personal time: holidays,circle of relatives time,interests
What is the reason of the Risk management policies (Safety) - ANSPurpose so you and your
group observe the state and local laws.
Risk Management Policy(Safety) should have what inner? - ANSPolicy need to have:
Broker protection
Client protection
Cellphone use
Checklists for personnel
License duties
Designations - ANSABR Accedited client's consultant
ALHS - Accredited Luxury Home Specialist