TEXAS REAL ESTATE BROKERAGE SAE LICENSE EXAM<\/p>\n\n\n\n
Jorge works at a firm where elected officers govern the affairs of the What is the relationship between a policies and procedures manual and Which of the following is a good reason to merge with or acquire Supporting the company mission can be a common goal for a licensees,
organization, while a licensed broker, Shonda, is directly responsible for
the real estate transactions. The officers and Shonda are responsible to a
large number of stockholders. What type of legal structure is this? –
ANSWER- Corporation
Broker Allen just had a licensee leave work screaming obscenities and
shouting about a dispute with another licensee. Allen needs to use one of
his leadership qualities and act _ to take care of the situation without undue delay. – ANSWER- Decisively The _<\/strong><\/em><\/strong> component involves trading value for your offerings. –
ANSWER- Exchanging
What is the purpose of tracking industry and economic trends? –
ANSWER- To provide information about external events that might
impact the brokerage
Which of the following actions can licensees take related to signs? –
ANSWER- They can place signs on an owner’s property with the
owner’s written consent<\/p>\n\n\n\n
the broker’s obligation to supervise agents? – ANSWER- Brokers who
enforce policies and procedures outlined in an effective PPM proof of
efforts to properly train and supervise agents.
The new worker orientation at a brokerage should do which of the
following? – ANSWER- Describe the behaviors expected of the
brokerage’s affiliates or employees.
Which of the following brokerage value is most important to a licensee
who wants to thrive at that brokerage? – ANSWER- Values that matches
the licensees values
What question does determining potential return on investment answer –
ANSWER- What’s it worth?
Shayla periodically reviews her brokerage’s long-range business plan.
What benefits to the brokerage can she expect to see in the future? –
ANSWER- She can update the brokerage processes or projections in a
timely manner.
One of the least expensive bus most effective marketing techniques is to<\/p>\n\n\n\n\n
another company – ANSWER- To form a large company that is more
competitive.
What does longevity mean in relation to your business name? –
ANSWER- What her it will serve your purpose for a considerable length
of time
Which of the following is an industry trend that a brokerage –
ANSWER- Average days on market
Expenses may be listed on the income statement either in order from
largest to smallest or? – ANSWER- Based on the order they are listed on
the general ledger
Which of the following statements is true regarding real estate licensing
requirements – ANSWER- A person who receives a $50 gift certificate
for performing real estate activities on a friends behalf must have a real
estate license
Which of the following statement about enforcing a firms code of ethics
id true? – ANSWER- There should be consequences for violating the
firms code of ethics and these consequences should be communicated
and documented.<\/p>\n\n\n\n
which is a strategy that helps______ – ANSWER- Create a strong team
dynamic
Which statement most accurately describes the licensees responsibility
related to written offers on a listing according to the NAR code of ethics
and standard practice? – ANSWER- All formal written offers received
by the licensee must be presented to the owner until closing or execution
of a lease unless the client waives this obligation in writing.
Tangible or intangible items that a firm owns are – ANSWER- Assets
What market indicator is expressed as the number of months it takes to
sell homes in at the current rate of sells. – ANSWER- Inventory rates
What is the role of the equal employment opportunity commission? –
ANSWER- To enforce the anti-discrimination laws that cover most
businesses with 15 or more employees
Most business plans include a synopsis of the plan as a whole, designed
to be read by share holders, lenders and other third parties with an
interest in learning about the organisation. What is the synopsis called? –
ANSWER- Executive summary
Which of these should a brokerage independent contractor agreements
include? – ANSWER- An indication that the worker wont be treated as
an employee<\/p>\n\n\n\n