Texas Real Estate Brokerage SAE exam with answers

Texas Real Estate Brokerage SAE exam
with answers

What |is |a |SWOT |analysis |useful |for |determining? |- |ANSWERS✔✔ |The |strengths,
|weaknesses, |opportunities, |and |threats |facing |a |business




Who |has |the |best |information |about |your |firm's |operations |to |assist |in |writing |your
|disaster |recovery |plan? |- |ANSWERS✔✔ |You |and |your |staff




Which |of |the |following |is |one |of |the |key |decisions |a |brokerage |makes |when |deciding
|how |to |staff |the |sales |force? |- |ANSWERS✔✔ |The |number |of |licensees |to |use




Broker |Craig |fires |salesperson |Enrique |for |violating |a |provision |of |the |license |law.
|Which |of |the |following |is |true |of |this |situation? |- |ANSWERS✔✔ |This |is |a |valid

|reason |to |terminate |the |licensee's |affiliation |with |the |broker.




In |which |of |the |following |scenarios |is |impossibility |of |contract |performance
|occurring? |- |ANSWERS✔✔ |Due |to |circumstances |beyond |their |control, |the |parties

|can't |legally |or |practically |do |what |they've |agreed |to |do.




Which |of |the |following |demographic |data |points |would |a |brokerage |be |most
|interested |in |when |evaluating |a |market? |- |ANSWERS✔✔ |Employment |Level




When |discussing |a |merger, |what |would |corporate |cultural |fit |relate |to? |-
|ANSWERS✔✔ |Management |Style




As |manager |of |the |sales |team, |Judy |has |direct |responsibility |for |reaching |the
|company's |financial |goals. |What |type |of |authority |does |Judy |have? |- |ANSWERS✔✔

|Line |(Judy |has |line |authority |because |she's |directly |responsible |for |achieving |the

|company's |financial |goals.)

,Harriet |is |a |hard |worker. |Of |all |of |the |unlicensed |staff, |she |receives |the |most
|consistently |positive |evaluations |from |her |boss. |She's |the |face |of |the |firm, |greeting

|walk-in |and |telephone |clients |with |a |friendly, |efficient |manner. |She |knows |exactly

|where |to |find |anything |and |any |information |she |and |her |colleagues |need. |What's

|the |first |question |managers |should |ask |when |determining |if |Harriet |is |suitable |for


|promotion? |- |ANSWERS✔✔ |Is |she |interested |in |promotion? |



|Before |spending |time |to |evaluate |Harriet's |skills |related |to |promotion, |managers
|should |find |out |if |Harriet |is |even |interested |in |being |promoted.




What |impact |do |marketing |efforts |have |on |sales? |- |ANSWERS✔✔ |Indirect



Marketing |is |a |strategic |process |that |impacts |all |departments |in |a |firm. |Its |impact
|on |sales |is |critical, |but |indirect




A(n) |______ |is |certain |to |save |a |brokerage |money |- |ANSWERS✔✔ |Culture |of |retention


Which |of |the |following |is |a |good |example |of |proper |safety |and |security |measures |for
|employees |at |a |brokerage |office? |- |ANSWERS✔✔ |Require |identification |from

|customers |and |clients |before |real |estate |professionals |go |into |the |field |with |them.




Which |of |the |following |business |planning |activities |breaks |the |long-range |plan |down
|into |smaller |tasks |and |identifies |which |segment(s) |of |the |company |are |responsible


|for |doing |what? |- |ANSWERS✔✔ |Tactical |planning




Tactical |planning |is |the |most |granular |level |of |planning. |Once |the |long-range |plan
|has |been |broken |down |into |smaller |tasks, |the |management |and |staff |are

|responsible |for |carrying |out |the |tactics.




Broker |Donna |plans |to |hire |three |licensees |to |begin |growing |her |business |from |a
|one-agent |to |a |four-agent |firm. |What |tip |would |you |offer |Donna |regarding |the


|impact |of |growth |on |her |as |the |broker-owner? |- |ANSWERS✔✔ |As |more |staff |is

|hired, |she |will |spend |more |time |managing |sales |staff.




Leaders |communicate |and |live |by |their |______. |- |ANSWERS✔✔ |Values

, Which |of |the |following |statements |is |true |regarding |licensees |who |work |at |a |limited
|function |referral |organization? |- |ANSWERS✔✔ |The |licensees |don't |do |any |active

|selling.




The |licensees |at |an |LFRO |gather |referrals |and |feed |them |to |a |full-service |brokerage
|but |don't |do |any |active |selling.




Rust |Brokerage |is |run |as |a |lean |machine |and |requires |its |employees |to |be |both
|productive |and |cost-efficient. |It |pays |employees |on |a |scale |that |relates |their |worth

|to |how |much |their |work |has |contributed |to |overall |revenue. |This |reflects |a(n) |______


|compensation |philosophy. |- |ANSWERS✔✔ |Performance




Which |of |the |following |represents |a |reason |for |maintaining |complete |transaction
|files? |- |ANSWERS✔✔ |Files |can |be |used |for |operations |analysis.




Retention |of |transaction |files |is |important |for |two |reasons: |to |meet |state |regulatory
|requirements |and |to |analyze |business |operations.




Samantha |is |a |real |estate |licensee. |She's |showing |her |client |a |property. |The |client
|asks |about |some |spots |on |the |ceiling |and |wonders |if |they're |an |indication |of |a |roof


|leak. |What |should |Samantha |do? |- |ANSWERS✔✔ |Suggest |that |her |client |contact |a

|roofing |expert |to |make |a |determination.




Which |of |the |following |business |names |would |be |the |most |likely |outcome |of |a
|merger |between |Duck |Realty |and |Rooster |Realty |- |ANSWERS✔✔ |Quack-a-Doodle-

Doo |Realty


Offer |to |purchase, |sales |agreement, |contract |of |purchase |and |sale, |and |purchase
|agreement |are |other |names |for |the |______. |- |ANSWERS✔✔ |Sales |Contract




Forecasters |predict |a |huge |spring |blizzard. |Jarrod's |not |concerned |about |operations
|because |everyone |could |use |a |couple |of |days |off, |anyway. |The |snow |will |melt

|eventually. |What |long-term |issues |could |arise |that |would |cause |more |damage |than


|Jarrod |realizes? |- |ANSWERS✔✔ |Damage |to |the |building |from |the |storm |and |melting

|snow |could |destroy |Jarrod's |office |and |records.