SAE Brokerage Texas questions with answers, Exams of Real Estate Management

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SAE Brokerage Texas questions with

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__________ is the primary driver of demand. - ** VERIFIED ANSWERS ** ✔✔ Growth in employment ___________ tends to be relationship oriented and is often loosely structured. - ** VERIFIED ANSWERS ** ✔✔ Mentoring _____________ means borrowing money needed to finance operations and growth. - ** VERIFIED ANSWERS ** ✔✔ Debt funding _____________ refers to selling shares in the business in exchange for business capital. - ** VERIFIED ANSWERS ** ✔✔ Equity funding

. Financial controls are most often preventative or ____________. - ** VERIFIED ANSWERS ** ✔✔ Detective According to the text on email etiquette, every email should have a ________________ that demonstrates the core meaning of its message. - ** VERIFIED ANSWERS ** ✔✔ Subject line According to the text, how many of each recently sold, recently listed and recently expired properties similar to the subject property should an agent include in a CMA? - ** VERIFIED ANSWERS ** ✔✔ 3 According to the text, predictions for 2015 showed that office space allocated for each employee would shrink down to ______ square feet. - ** VERIFIED ANSWERS ** ✔✔ 30

According to the text, small business owners may have a better chance of securing a conventional loan from ____________. - ** VERIFIED ANSWERS ** ✔✔ Small community banks According to the text, top performers make up ______% of the sales force. - ** VERIFIED ANSWERS ** ✔✔ 10 According to the text, what is the first interior area of your office that a potential client sees? - ** VERIFIED ANSWERS ** ✔✔ The reception area Business evaluation should be both incremental and __________. - ** VERIFIED ANSWERS ** ✔✔ Ongoing Business monitoring can also be referred to as ___________. - ** VERIFIED ANSWERS ** ✔✔ Business activity management Every ad for a property should have the __________, price and the indication of the size of the house. - ** VERIFIED ANSWERS ** ✔✔ Location How can business managers cut costs? - ** VERIFIED ANSWERS ** ✔✔ (a) By reducing on-hand inventory (b) By changing vendors (c) By eliminating waste How often should a general operating budget be put in place? - ** VERIFIED ANSWERS ** ✔✔ Yearly Outside funding for business startup capital generally falls into two categories: debt funding and _________. - ** VERIFIED ANSWERS ** ✔✔ Equity funding

Razing single-family homes and developing the lots as multifamily housing is due, in large part, to _____________. - ** VERIFIED ANSWERS ** ✔✔ Land cost The _______ plan should kick in when there is a privacy or security breach, and there is a need to "repair it" immediately in the eyes of customers, government regulators, and management. - ** VERIFIED ANSWERS ** ✔✔ mitigation The 4 Cs of Credit used to make loan approval determinations are: Cash, Collateral, Commitment and _____________. - ** VERIFIED ANSWERS ** ✔✔ Character TRELA requires that in order to be eligible for a license, a business entity must provide proof that the entity maintains errors and omissions insurance with a minimum annual limit of $________ for each occurrence if the designated broker owns less than 10% of the business entity. - ** VERIFIED ANSWERS ** ✔✔ $1,000, Under the DTPA, a home for sale is considered a ___________. - ** VERIFIED ANSWERS ** ✔✔ Good Under what circumstance may an agent call a person who is on the Do- Not-Call Registry? - ** VERIFIED ANSWERS ** ✔✔ If the broker has an established business relationship with the person on the Do-Not-Call Registry within the last 18 months What are some expectations that agents may have of their brokers regarding advertising? - ** VERIFIED ANSWERS ** ✔✔ ) Website development provided by the brokerage firm (b) Branding (c) Consistent advertising in all media

What does the text suggest a brokerage with a high turnover rate for sales agents should do? - ** VERIFIED ANSWERS ** ✔✔ Implement a mentoring program. What formula provides the best results when advertising in a newspaper or magazine? - ** VERIFIED ANSWERS ** ✔✔ AIDA What is "hoteling"? - ** VERIFIED ANSWERS ** ✔✔ A reservations-based concept that allows employees to reserve a workstation on an as-needed basis What percentage of agents typically fall into the middle performers on the sales ladder? - ** VERIFIED ANSWERS ** ✔✔ 55% When analyzing your competition, what should you be aware of? - ** VERIFIED ANSWERS ** ✔✔ Their web and social media presence (b) The services that they offer (c) Their advertising and marketing campaigns Which body of law requires certain contracts to be in writing in order to be enforceable? - ** VERIFIED ANSWERS ** ✔✔ Statute of Frauds Which emerging technology can allow potential buyers to view properties when the buyer or agent is at a different location? - ** VERIFIED ANSWERS ** ✔✔ a) Camera-equipped drones (b) Video sites like YouTube (c) Virtual Reality Which of the following definitions best describes lean management? - ** VERIFIED ANSWERS ** ✔✔ Consistently evaluating and improving efficiency by reducing costs in order to maximize value

Which of the following facilities would typically offer tenants triple net leases? - ** VERIFIED ANSWERS ** ✔✔ Strip center Which of the following is a downside to joining a franchise? - ** VERIFIED ANSWERS ** ✔✔ The high cost Which of the following is a good suggestion for loss control? - ** VERIFIED ANSWERS ** ✔✔ Have a checkout-based system for office equipment, like cameras Which of the following is a way that a broker can expand his or her business? - ** VERIFIED ANSWERS ** ✔✔ By expanding horizontally (b) By expanding vertically (c) By expanding through franchise Which of the following is considered a reasonable measure of destroying sensitive documentation? - ** VERIFIED ANSWERS ** ✔✔ Shredding files Which of the following is good advice on how to motivate the people who work for you? - ** VERIFIED ANSWERS ** ✔✔ Be positive and constructive (b) Lead by example (c) Involve your team in goal setting Which of the following is not a benefit of owning real estate - ** VERIFIED ANSWERS ** ✔✔ A mortgage Which of the following is NOT a requirement of FACTA? - ** VERIFIED ANSWERS ** ✔✔ Consumers must notify all three credit reporting services to initiate a nationwide fraud alert if they believe that their identity has been stolen

Which of the following is NOT on the manager's checklist for creating a well-developed and informed team? - ** VERIFIED ANSWERS ** ✔✔ Higher commission splits for more experienced agents Which of the following penalties might be levied against an employer if employees' personal information or identity is stolen from the employer?

• ** VERIFIED ANSWERS ** ✔✔ Class action lawsuits Which of the following services are included in facilities management? - ** VERIFIED ANSWERS ** ✔✔ Building signage (b) Preventive maintenance (c) Janitorial services Which of the following should business owners and managers incorporate into a plan for professional development? - ** VERIFIED ANSWERS ** ✔✔ (a) Training (b) Coaching (c) Mentoring Which of the following should management consider when recruiting/selecting sales agents for their team? - ** VERIFIED ANSWERS ** ✔✔ (a) Which positions will need to be filled in the immediate future (b) Which agents are good leaders (c) Which agents are strong producers Which of the following statements about good design best describes harmony? - ** VERIFIED ANSWERS ** ✔✔ Create repetition through color, texture, or shape.

Which of the following statements concerning identity theft is true? - ** VERIFIED ANSWERS ** ✔✔ (a) Congress passed FACTA to help combat identity theft. (b) Identity theft is one of the fastest growing crimes in the United States. (c) Identity theft occurs when someone steal someone else's personal information with the intention of using it to open bank accounts and credit cards. Which of the following statements regarding agents who are Top Performers is TRUE? - ** VERIFIED ANSWERS ** ✔✔ Top performers do not wait to be shown what to do. Which of the following statements regarding performance appraisals is true? - ** VERIFIED ANSWERS ** ✔✔ Performance reviews can be used for individual goal setting. Which of the following systems can be encompassed by information management? - ** VERIFIED ANSWERS ** ✔✔ Data disposal (b) Records management (c) Web content management Which of the following would be an example of a detective control? - ** VERIFIED ANSWERS ** ✔✔ Audits Which statement is incorrect? - ** VERIFIED ANSWERS ** ✔✔ The pool of available buyers contracts in times of easy credit. Which statement regarding acquisitions is correct? - ** VERIFIED ANSWERS ** ✔✔ Acquisitions occur when a company buys another company. (b) Acquisition is another way for a company to grow and expand. (c) Many agent and brokers will leave after an acquisition.

Which statement regarding organic growth is TRUE? - ** VERIFIED ANSWERS ** ✔✔ Companies grow organically through their own resources, personnel and creativity. Why are business meetings important? - ** VERIFIED ANSWERS ** ✔✔ (a) Meetings make employees feel like they are part of a team. (b) Meetings encourage team members to communicate their ideas with their peers. (c) Meetings give a platform for finding solutions to problems. You should monitor your business production at a minimum, _________, quarterly and annually. - ** VERIFIED ANSWERS ** ✔✔ Monthly Your ____________summarize your market opportunities and the solutions to any problems your business faces. - ** VERIFIED ANSWERS ** ✔✔ Objectives and goals