Unit 4 Quiz Flashcards

Unit 4 Quiz Flashcards A major reason owners attempt to sell without an agent is toa. avoid seller disclosuresb. save paying the commissionc. get a higher gross priced. have a quicker sale save paying the commission A geographic farm could be aa. particular ethnic groupb.special interest of buyersc. type or propertyd. particular subdivision particular subdivision Prospection from legal notices can be effective. Which of the following is NOT a legal notice?a. Probateb. Evictionsc.Code Violationsd. For Sale By Owner For Sale By Owner A reverse directory allows an agent to have thea. address from the occupant's nameb. occupant's name from the addressc. owner's name from the tax numberd. legal description from the address occupant's name from the address The CAN-SPAM Act applies toa. direct mail solicitationsb.restrictions on e-mail solicitationsc. home solicitation phone callsd. unsolicited fax messages restrictions on e-mail solicitations The fine for making a single unauthorized solicitation call to a residential number listed on the do-not-call registry can be up toa. $1,100b. $16,000c. $110d. $11

$16,000

The "endless chain" refers toa. prospecting your farm area on a continuous basisb. staying with a prospect unit you have a contractc. asking every prospect to recommend another prospectd. always selling a new home to the seller asking every prospect to recommend another prospect In real estate, the term "farming" refers toa. using one period of time to list and another period of time to sell in a never ending cycleb. working an area for buyers and sellersc. advertising by seasond. delegating paperwork to others working an area for buyers and sellers The phrase "centers of influence" refers toa. institutions witting an area that influence behaviorb. properties that set the neighborhood valuec. the factor that makes a neighborhood cohesived. influential people in the community influential people in the community Non-geographic farms includea. a particular mobile home parkb. ethnic groupsc. a particular subdivisiond. properties in close proximity ethnic groups