Texas Real Estate Brokerage: A Management Guide V3 SAE (Latest 2025), Exams of Nursing

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Management Guide V3 SAE (Latest 2025)

Accountability - Correct Answer ✅ Taking responsibility for everything that happens under the leader's domain. Accrual Method - Correct Answer ✅ The approach that recognizes the money that the business has actually received, the money it is due to receive, the expenses actually paid, and the expenses remaining to be paid. Acquisition - Correct Answer ✅ In business, when one business purchases another to build on the strengths or weaknesses of the buying business. Active Prospecting - Correct Answer ✅ Going out and getting the business and bringing it back to the company. Activity-based Budgeting - Correct Answer ✅ A top-down approach in which a company selects a target metric to reach, determines the activities that will lead to that target, and then creates a budget to support it.

Management Guide V3 SAE (Latest 2025)

Affiliated Business Arrangement (AfBA) - Correct Answer ✅ A network of interrelated companies, owned by one holding corporation, that offer services tied to a real estate transaction. Agency By Ratification - Correct Answer ✅ Agency by ratification occurs when a principal gains some benefit from a previously unauthorized act of an agent, and the principal, on learning of the act, does not deny that the agent had authority to perform such an act on the principal's behalf. The principal ratifies the action of the agent by accepting the benefits that come from the action. Agent - Correct Answer ✅ A person authorized to act on behalf of the principal and who has fiduciary responsibilities to the principal. In a real estate transaction, the broker is normally considered to be the agent of the principal or the client. Allocation - Correct Answer ✅ An agreement between real estate brokers to divide their markets and refrain from

Management Guide V3 SAE (Latest 2025)

competing for each other's business. See also market delineation. Alternate Name - Correct Answer ✅ A name used by an individual license holder other than the name shown on the license issued by the Commission, such as a middle name, maiden name, or nickname. Americans with Disabilities Act (ADA) - Correct Answer ✅ A federal law enacted to eliminate discrimination against people with disabilities in employment, public accommodations, government services, public transportation, and communications. Andragogy - Correct Answer ✅ The process by which adults learn, which distinguishes the adult learning process from the child's. It recognizes differences in approaching and processing new information. Appointed License Holder - Correct Answer ✅ A license holder associated with and appointed by an intermediary broker to communicate with, carry out instructions of, and

Management Guide V3 SAE (Latest 2025)

provide opinions and advice to the parties to whom the license holder is appointed. Appreciation - Correct Answer ✅ An increase in the worth or value of a property due to economic or related causes, which may prove to be either temporary or permanent; opposite of depreciation. Arbitration - Correct Answer ✅ A nonjudicial proceeding in which a third party determines the resolution of a dispute between parties. The determinations of the arbitrator can be as enforceable as a decision rendered in court. Assets - Correct Answer ✅ Used alongside liabilities to determine an applicant's net worth. Assignment - Correct Answer ✅ The transfer in writing of interest in a contract, mortgage, lease, or other instrument. Associated Broker - Correct Answer ✅ A broker who associates with and gets paid through another broker under a

Management Guide V3 SAE (Latest 2025)

relationship that is intended to be a continuous relationship including, but not limited to, an employment or ongoing independent contractor relationship. Assumed Business Name - Correct Answer ✅ A business name, other than the name of a person, under which the business is registered to conduct business. Attention, Interest, Desire, And Action (AIDA) - Correct Answer ✅ The model of advertising that is used in all types of businesses. Autocratic Style - Correct Answer ✅ Management style in which the manager dominates the organization and makes all decisions, but in a more humanistic or benevolent manner than the dictatorial manager. In the autocratic style of management, there is greater concern for people, which enables them to feel more secure and comfortable. The atmosphere is more relaxed. See also dictatorial style; laissez-faire style; participative style.

Management Guide V3 SAE (Latest 2025)

Baby Boomers - Correct Answer ✅ The post‒World War II generation born generally between 1946 and 1964. Balance Sheet - Correct Answer ✅ A financial statement that itemizes assets, liabilities, and net worth. Blockbusting - Correct Answer ✅ The illegal practice of inducing homeowners to sell their properties by making representations regarding the entry or prospective entry of minority persons into the neighborhood. Bookkeeping - Correct Answer ✅ The actual recording of the company's financial records. Brainstorming - Correct Answer ✅ A group discussion held for the purpose of having participants generate a variety of ideas relating to a selected issue or solutions to a specific problem. Management uses brainstorming to encourage people to participate in the organization and utilizes their creativity and talents, rather than making unilateral decisions without the benefit of staff input.

Management Guide V3 SAE (Latest 2025)

Brand - Correct Answer ✅ The company's market identity, the asset that is developed by its name recognition and reputation in the marketplace. Branding - Correct Answer ✅ Creates the reasons people identify with the product. Building Science - Correct Answer ✅ Studies the internal environment of a building in terms of temperature, noise and sound, light, and air quality, in addition to building resource use such as utilities and materials. Business Interruption Insurance - Correct Answer ✅ A form of coverage that provides income to a business in the event the premises become untenable. Business Plan - Correct Answer ✅ A long-range blueprint, typically covering three to five years, that includes the mission statement, general objectives, goals, and strategies of the company.

Management Guide V3 SAE (Latest 2025)

Buyer - Correct Answer ✅ The person who negotiates the transaction and makes the purchase. Buyer Representation - Correct Answer ✅ An agency relationship between the broker and the buyer, with fiduciary duties owed to the buyer. CAN-SPAM Act - Correct Answer ✅ Controlling the Assault of Non-Solicited Pornography and Marketing Act to create a national standard to control the growing problem of deceptive or fraudulent commercial email and outlines a series of practices that email senders must follow. Candidate Profile - Correct Answer ✅ Describes the knowledge, skill sets, experience, and personal characteristics that are necessary to perform each job and are a business necessity for the company.

Management Guide V3 SAE (Latest 2025)

Canons Of Professional Ethics And Conduct - Correct Answer ✅ A code of ethics established by the Texas Real Estate Commission and published in its Rules. Capital Expenditures - Correct Answer ✅ The one-time costs to purchase an asset. Capital Gain - Correct Answer ✅ Income earned from the sale of an asset. Career Program - Correct Answer ✅ Career Program Cash Flow Statement - Correct Answer ✅ A report of the cash position of the organization. Cash Management Plan - Correct Answer ✅ A plan to provision the company with the right amount of cash at the right time and make the best use of cash until it is needed to meet the company's obligations.

Management Guide V3 SAE (Latest 2025)

Cash Method - Correct Answer ✅ A record of income when it is received and expenses when they're paid. Certification Mark - Correct Answer ✅ Mark to indicate that a product or a service conforms to the standards set forth by the mark's registrant. Chain Of Command - Correct Answer ✅ The hierarchy of authority, which normally begins with upper levels of management and filters down to lower levels of management. Closing Disclosure - Correct Answer ✅ A form that itemizes all charges to be paid by a borrower and a seller in connection with the settlement and must be delivered to the consumer at least three days before closing. Cloud Computing - Correct Answer ✅ Gives users remote access to data and documents through a web browser.

Management Guide V3 SAE (Latest 2025)

Code Of Ethics - Correct Answer ✅ A standard of ethical conduct, normally committed to writing. Any organization can establish a code of conduct for its members, such as the code of ethics of the National Association of REALTORS and other professional organizations. Collateral - Correct Answer ✅ Something of value deposited with a lender as a pledge to secure repayment of a loan. Collective Membership Mark - Correct Answer ✅ Provides authentication of membership in the group or organization that owns the mark. Common-law Independent Contractor - Correct Answer ✅ An individual who does not meet the three-part test in the federal tax code but may be considered an independent contractor by court law, based on the manner in which the person is supervised, the degree of control the company exercises over the activities, and the manner in which the person is compensated.

Management Guide V3 SAE (Latest 2025)

Company Signature - Correct Answer ✅ A signature is a short but powerful statement with words, colors, and graphics that stick in people's minds. Competency - Correct Answer ✅ The quality of having sufficient skills and knowledge. Consumer-driven Model - Correct Answer ✅ Creates products and services tailored to suit consumer demand, essentially answering the question about what consumers want. Consumer Confidence - Correct Answer ✅ The measure of consumers' willingness to spend that is tied to their sense of financial security and general attitude about the state of the economy. Consumer Reporting Agency (CRA) - Correct Answer ✅ Provide information about character, general reputation, and lifestyle as well as the customary credit information.

Management Guide V3 SAE (Latest 2025)

Contingency Plan - Correct Answer ✅ Alternative goals and strategies that a company can implement in case certain events happen. These may be events that could affect a company's operations but have not yet occurred (and may never occur) when the company develops its business plan. Contingency plans provide a course for the organization to follow if these situations arise. Controlled Business Arrangements (CBAs) - Correct Answer ✅ Networks of interrelated companies that offer real estate services associated with a real estate transaction. They offer convenience to consumers and enhance the broker's service because the broker has control over all phases of the transaction. Copyright Infringement - Correct Answer ✅ The unauthorized use or download of copyright-protected materials. Core Services - Correct Answer ✅ An array of services that seamlessly take buyers and sellers from doorstep to settlement.

Management Guide V3 SAE (Latest 2025)

Corporation - Correct Answer ✅ An entity or organization, created by operation of law, whose rights of doing business are essentially the same as those of an individual. The entity has continuous existence until it is dissolved according to legal procedures. Corrective Decisions - Correct Answer ✅ Resolve problems, dilemmas, or crises that require solutions to keep the organization on track or to maintain order in its systems and processes. Cost Of Sales - Correct Answer ✅ Commissions paid to the salespeople, to other brokers cooperating in real estate transactions, overrides to the manager, and sales fees such as MLS, franchise, and referral or relocation fees. Also included are transaction fees, which are monies brokers are collecting separate from commissions to cover administrative costs associated with processing sales transactions. Cross-training - Correct Answer ✅ Allowing people to learn multiple jobs or tasks across jobs.

Management Guide V3 SAE (Latest 2025)

Crowdfunding - Correct Answer ✅ A method to raise money for personal needs, that could work for small businesses. Culture - Correct Answer ✅ The common norms, behaviors, and beliefs within an organization that can shape the success of a business. Customer - Correct Answer ✅ A prospective purchaser, seller, lessor, or lessee. Customer Service Survey - Correct Answer ✅ A questionnaire designed to get anonymous feedback and critique from customers to improve service quality. Cybersecurity - Correct Answer ✅ Actions taken to prevent internet, computer, and data-related crimes. Debt Financing - Correct Answer ✅ Borrowing money that must be repaid over a period of time, and usually with interest.

Management Guide V3 SAE (Latest 2025)

Decentralized Organization - Correct Answer ✅ An organization in which there are fewer levels of management and authority, giving each level greater authority and control over the activities of its departments or divisions. Decentralized Structure - Correct Answer ✅ The individual department or group managers operate semi-autonomously and report directly to the broker. Deceptive Trade Practices Act (DTPA) - Correct Answer ✅ Part of the federal Consumer Protection Act, originally passed in 1973 and made specifically applicable to real estate in 1975, prohibiting a number of false, misleading, or deceptive acts or practices. Decider - Correct Answer ✅ The person who considers all the available information and makes the decision. Decisiveness - Correct Answer ✅ The ability to frame definitive courses of action.

Management Guide V3 SAE (Latest 2025)

Delegated Supervisor - Correct Answer ✅ One or more license holders selected by a broker to comply with the broker supervision requirement and supervise the real estate activities of another license holder. Delegation - Correct Answer ✅ Assigns responsibility and confers authority to another person for certain activities. Demographics - Correct Answer ✅ The profile of the population in an area, considering such characteristics as age, education, income, employment, and household structure. Dictatorial Style - Correct Answer ✅ Management style in which the manager has absolute and total control over all decisions. Nothing is delegated, only orders are issued, and there is little interaction with the people being supervised and little concern for them as human beings or for their capabilities. See also autocratic style; laissez-faire style; participative style.

Management Guide V3 SAE (Latest 2025)

Differentiated Marketing - Correct Answer ✅ The form of advertising that develops different marketing mixes to attract different segments of the market. Direct Marketing - Correct Answer ✅ The form of advertising where the business communicates directly to consumers through ha variety of media. Disciplinary Meeting - Correct Answer ✅ Problem-solving meeting involving unacceptable behavior. Discriminatory Housing Practices - Correct Answer ✅ Actions prohibited by the Fair Housing Act and Amendments. Disparate Impact - Correct Answer ✅ The fact that an action has a significant impact on people in a protected class. This determines that the action is discriminatory; that is, the effect of an action is discriminatory without regard to the intent of the action.

Management Guide V3 SAE (Latest 2025)

Diversification - Correct Answer ✅ Distribution of investments among several companies in order to average the risk of loss. Double-entry Bookkeeping - Correct Answer ✅ The platform on which financials are prepared. A system of capturing debits and credits, each offsetting the other, to result in an equal balance. Downsizing - Correct Answer ✅ Reducing a company's workforce to reduce operation costs. Dual Agency - Correct Answer ✅ Representing two principals with opposite interests in the same transaction. State law normally specifies whether a real estate licensee is permitted to provide dual agency. In states where it is permitted, the laws require that both principals must provide written consent for the dual representation. Effective Date - Correct Answer ✅ The date of final acceptance of a contract.

Management Guide V3 SAE (Latest 2025)

Ego - Correct Answer ✅ Self-confident presence and self- respect. Empathy - Correct Answer ✅ Respects the thoughts, feelings, and abilities of others and acknowledges their worth. Employee - Correct Answer ✅ A person who works under the supervision and control of another. For income tax purposes, an independent contractor is distinguished from an employee. See also independent contractor. Employee Handbook - Correct Answer ✅ The general circulation document for everyone who works for the company that tells people the day-to-day rules of conduct. Employee Survey - Correct Answer ✅ Management's report cards to enhance understanding and improve the work environment.

Management Guide V3 SAE (Latest 2025)

Employment At Will (EAW) - Correct Answer ✅ Employers have the right to hire, fire, demote, and promote whomever they choose, and employees have the right to quit whenever they want. Entrepreneurial Decisions - Correct Answer ✅ Involve significant strategic directions, policies, or fundamental systems within the organization. Equal Employment Opportunity Laws - Correct Answer ✅ Laws that provide for equal employment for all qualified individuals regardless of their race, color, religion, sex, age, disability, marital or family status, or nationality. Equity - Correct Answer ✅ The current market value of a property minus any loans. Equity Financing - Correct Answer ✅ Money is raised in exchange for a share of ownership in the company.

Management Guide V3 SAE (Latest 2025)

Errors And Omissions (E&O) Insurance - Correct Answer ✅ Insurance policy that covers certain claims against the company because of the professional actions of their workers, including their sales agents. Estate At Sufferance - Correct Answer ✅ Occurs when a tenant who lawfully took possession of real property continues in possession of the premises without the landlord's consent after the right of possession has expired. Estate At Will - Correct Answer ✅ A tenancy of indefinite duration; it continues until it is terminated by either party giving proper notice. Estate For Years - Correct Answer ✅ A leased interest in property for a certain, exact period of time and for a specified consideration. Estate From Period To Period - Correct Answer ✅ An interest in leased property that continues from period to period— week to week, month to month, or year to year.

Management Guide V3 SAE (Latest 2025)

Ethics - Correct Answer ✅ A system of moral principles, or rules and standards of conduct. See alsocode of ethics. Executive Summary - Correct Answer ✅ The shortened version of a business plan. Exempt Workers - Correct Answer ✅ Work is performed for the stated salary without overtime pay, regardless of the number of hours or workdays devoted to the job. Exit Interview - Correct Answer ✅ A debriefing session and a time to bring closure to the relationship. Express Agency - Correct Answer ✅ An agency created by specific agreement, whether written or oral, of principal and agent. Fair Credit Reporting Act (FCRA) - Correct Answer ✅ Controls the manner in which information is used for employment

Management Guide V3 SAE (Latest 2025)

purposes, which includes promotion and termination as well as hiring. Fair Labor Standards Act - Correct Answer ✅ Sets minimum wage, overtime, and minimum age requirements for employers and employees. Familial Status - Correct Answer ✅ One or more persons younger than 18 being domiciled with a parent or other person having legal custody of such individual; the designee of such parent or other person having legal custody through written permission. Family And Medical Leave Act (FMLA) - Correct Answer ✅ Entitles eligible employees of covered employers to take unpaid, job-protected leave for specified family and medical reasons with continuation of group health insurance coverage under the same terms and conditions as if the employee had not taken leave. Fidelity - Correct Answer ✅ The duty is to represent the interests of the client.

Management Guide V3 SAE (Latest 2025)

Fiduciary - Correct Answer ✅ (1) A relationship of trust and confidence between principal and agent. The law imposes on the agent duties of loyalty, confidentiality, accounting, obedience, and full disclosure, as well as the duty to use skill, care, and diligence. A real estate agent owes complete fiduciary duties to the principal and must act in the best interests of the principal (the client) while also being competent with and honest to the other side (the customer, whether the seller or the buyer). (2) The agent is called the fiduciary—one who holds the faith, confidence, and trust of the client. Fiduciary Relationship - Correct Answer ✅ A relationship of trust and confidence, as between trustee and beneficiary, attorney and client, or principal and agent. Financials - Correct Answer ✅ A business's accounting and financial statements.