REAL ESTATE PRACTICE 9th Edition Chapter 1 QUIZ.pdf

, A list of prospects regularly contacted by an agent in the hopes of making them clients
is called a:

a. harassment suit waiting to happen.
b. family tree.
c. circle of last resort.
d. sphere of influence. - CORRECT ANSWERS-d. sphere of influence.

Errors and Omission Insurance:

a. is a form of professional liability insurance.
b. protects agents and their brokers from catastrophic lawsuits.
c. both a. & b. are true.
d. none are true. - CORRECT ANSWERS-c. both a. & b. are true.

An agent with a salesperson's license can only work for:

a. himself or herself in the first year.
b. one broker at a time.
c. the DRE.
d. tips. - CORRECT ANSWERS-b. one broker at a time.

A salesperson who sells results rather than time, and whose physical conduct is not
subject to the control of another is an:

a. employer.
b. employee.
c. independent contractor.
d. all answers are correct - CORRECT ANSWERS-c. independent contractor.

Calls to people you already know are:

a. Warm Calls.
b. Cold Calls
c. Familiarity Calls
d. Wild Calls - CORRECT ANSWERS-a. Warm Calls.

A specific neighborhood, community, or zip code in which you solicit for real estate
business is called a:

a. home turf
b. geographical farm
c. Google farm
d. Google sphere - CORRECT ANSWERS-b. geographical farm