TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025), Exams of Nursing

Download TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) and more Exams Nursing in PDF only on Docsity! TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) Most business plans include a synopsis of the plan as a whole, designed to be read by shareholders, lenders, and other third parties with an interest in learning about the organization. What is this synopsis called? - Correct Answer ✅ Executive Summary Which of these should a brokerage's independent contractor agreements include? - Correct Answer ✅ An indication that the worker wont be treated as an employee. Participatory - Correct Answer ✅ Brainstorming and focus groups are a big part of this style of management. A licensee who doesn't show potential buyers a home because he believes they aren't a cultural fit. - Correct Answer ✅ Who is behaving unethically in the following scenarios? A single large event or a pattern of smaller events - Correct Answer ✅ Serious damage to the firm's brand or reputation can occur as a result of ______. TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) Your forecast shows that you won't be able to fully fund operations in February and March, but the rest of the year looks great. - Correct Answer ✅ Which of these scenarios would best be solved with short-term financing? Look ahead at trends to meet future market demands - Correct Answer ✅ A leader who displays the quality of being a visionary is able to do what? The doctrine of employment-at-will - Correct Answer ✅ Which of the following gives employers the right to hire and fire people with or without a reasonable cause? Damage to the building from the storm and melting snow could destroy Jarrod's office and records. - Correct Answer ✅ Forecasters predict a huge spring blizzard. Jarrod's not concerned about operations because everyone could use a couple of days off, anyway. The snow will melt eventually. What long-term issues could arise that would cause more damage than Jarrod realizes? TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) 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? Decisively - Correct Answer ✅ 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. Exchanging - Correct Answer ✅ The ______ component involves trading value for your offerings. To provide information about external events that might impact the brokerage - Correct Answer ✅ What is the purpose of tracking industry and economic trends? They can place signs on an owner's property with the owner's written consent - Correct Answer ✅ Which of the following actions can licensees take related to signs? TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) Brokers who enforce policies and procedures outlined in an effective PPM proof of efforts to properly train and supervise agents. - Correct Answer ✅ What is the relationship between a policies and procedures manual and the broker's obligation to supervise agents? Describe the behaviors expected of the brokerage's affiliates or employees. - Correct Answer ✅ The new worker orientation at a brokerage should do which of the following? Values that matches the licensees values - Correct Answer ✅ Which of the following brokerage value is most important to a licensee who wants to thrive at that brokerage? What's it worth? - Correct Answer ✅ What question does determining potential return on investment answer She can update the brokerage processes or projections in a timely manner. - Correct Answer ✅ Shayla periodically TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) reviews her brokerage's long-range business plan. What benefits to the brokerage can she expect to see in the future? Provide superior service tot eh clients and customers. - Correct Answer ✅ One of the least expensive bus most effective marketing techniques is to To form a large company that is more competitive. - Correct Answer ✅ Which of the following is a good reason to merge with or acquire another company What her it will serve your purpose for a considerable length of time - Correct Answer ✅ What does longevity mean in relation to your business name? Average days on market - Correct Answer ✅ Which of the following is an industry trend that a brokerage TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) interest in learning about the organisation. What is the synopsis called? An indication that the worker wont be treated as an employee. - Correct Answer ✅ Which of these should a brokerage independent contractor agreements include? Assignment doesn't require agreement of all parties - Correct Answer ✅ How does assignment differ form novation Personal marketing plan - Correct Answer ✅ Budget, target audience , and media are all elements of the ____ that licensees should learn about from their broker. There are fewer layer of management at the top - Correct Answer ✅ Which of the following is a characteristic of the decentralized organisational structure? TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) Develop a mentor program to pair inexperienced licensees with experienced colleagues. - Correct Answer ✅ Which of the following is a best practice for supervising a remote employee An option fee - Correct Answer ✅ Gloria has an option to purchase the cottage she leases from her landlord. She can exercise the option within the next two years. To gain that right, Gloria paid the landlord $5,000. This is called ______. Easily trained to follow brokerage procedures - Correct Answer ✅ Which of the following items is an advantage to the broker of hiring a new licensees over those with several experience? Disclose the interest to all parties to the transaction - Correct Answer ✅ What must a licensee do regarding property to the licensee hold directly or indirectly if it becomes the subject of a real estate transaction. TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) Use realistic task list - Correct Answer ✅ Which one of the following is a recommended productivity and time management strategy that the brokers should share with the new licensee Use a sign in sheet. - Correct Answer ✅ How should the broker record attendance at the brokerage sales meeting Vertical expansion - Correct Answer ✅ Adding a mortgage lending service to a real estate brokerage operation is an example of what type of growth? Decentralized - Correct Answer ✅ Tyrone started a job in the sale department of a large firm in an organisational chart, his department is shown alongside many others. Departments are run as teams with individuals at all levels responsible for making business decisions . What type of organisational structure is this? TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) Open, exclusive right to represent, and exclusive agency. - Correct Answer ✅ Under which type of agency agreement may a buyer and agent operate? Errors and Omissions insurance - Correct Answer ✅ A buyer is suing Janet for an inadvertent mistake she made in a real estate transaction. What insurance policy covers this type of situation? The licensee and the licensees supervising broker - Correct Answer ✅ Who is responsible for the actions of a personal assistant Asks different associates to share a best practice tip - Correct Answer ✅ Floss like to give her associates good value in exchange for the time they take to come to her sales meetings. That why she often ____ at the meetings. Ratify the implied agreement by getting a signed agency agreement. - Correct Answer ✅ The buyer you're working with doesn't want to enter into an agency relationship. TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) However, the buyer begins to rely more and more on your advice and, indeed, implied agency has begun! You could have avoided this issue by providing appropriate disclosures, but now that you've created implied agency, what should you do? A sellers agent - Correct Answer ✅ Jennifer is selling her property and hired Larry as her agent. Jane brings her prospective buyer client, Andrew, to see Jennifer's property. What is Larry's role in this scenario? An agent foregoes buyer agent commission, provided the purchasing developer gives the agent the listings on the developed lots. - Correct Answer ✅ Which of these is an example of agency coupled with interest. Inaccurate competitive market analysis - Correct Answer ✅ A consistent disparity in listing versus selling prices may reflect TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) All Texas real estate licensees - Correct Answer ✅ ______ must abide by the Canons of Professional Ethics and Conduct, enforced by the Texas Real Estate Commission. Aging baby boomers - Correct Answer ✅ One evening during their weekly card game, Cecilia and her group of retired friends were recounting their difficulty finding a place they could afford that was close to a hospital. Cecilia added that they were the lucky ones because some of her other friends had to put their names on a waiting list to get into a low-maintenance condo development just down the street. What current market trend is this an example of? A statement of what the company's future results, achieveMents, and successes will be. - Correct Answer ✅ Avery is drafting her firms vision statement. Which is of the following should be included. Preparing a written agreement that falsely states a purchase price - Correct Answer ✅ Which of the following actions, TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) an oceanfront home. Which market indicator will tell her how much prices have fluctuated in the area over the past two years? Learning another cultures customs - Correct Answer ✅ You can improve your multiculturalism by learning how to speak another language and __ Consumer confidence index - Correct Answer ✅ Which economic indicator is defined as the consumer's optimism or pessimism in the economy and his or her willingness to spend? A merger is when two companies join together. An acquisition is when one company purchases another company. - Correct Answer ✅ What is the difference between a merger and an acquisition? Return on investment - Correct Answer ✅ What number is most often used to evaluate how much a business is worth? TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) A proposal presented to lenders or investors when seeking funding. - Correct Answer ✅ What's a financing portfolio Tax - Correct Answer ✅ Which special lease clause stipulates that the tenant is responsible for paying any increase in taxes over the base year's taxes, in addition to the base rent? It's a detailed management and planning tool that serves as your earnings and spending goal for a period of time. - Correct Answer ✅ Which of the following is the best definition of a budget? To determine what help or hindrance the association provides - Correct Answer ✅ Why should a business owner evaluate the competition's affiliations? Budgeting and forecasting will be inaccurate - Correct Answer ✅ Which one of the following statements is a potential consequence of inaccurate revenue reported on financial statements? TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) Transfer and acceptance - Correct Answer ✅ Charli has chosen to purchase only liability insurance on the office building she owns. Which of the following combinations of risk handling is she using? Health and safety - Correct Answer ✅ Because heavy snow was predicted, facility manager Sandy called the plow company to schedule early morning service for the next business day. What area of facility management is Sandy exercising? Overhead and supervision - Correct Answer ✅ Licensees cos a managing broker ______ Check in with Laura and see how her action steps are coming along - Correct Answer ✅ Milly has been coaching Laura, one of her licensees, for several months. Laura has a professional development plan with specific action steps. On this day, Milly takes a few minutes to ______ as part of the coaching process. TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) Facilitator - Correct Answer ✅ During mediation, a mediator should act as a In the brokerage policy manual - Correct Answer ✅ Where should the brokerage termination policy for the licensees and employees be found? Change in employment - Correct Answer ✅ Why do most people move Mediation - Correct Answer ✅ If disputing parties wanted to find some middle ground and a non-binding resolution, they might select ______ as a method to resolve their dispute. Talk to a real estate school instructor - Correct Answer ✅ Broker Allie wants to attract new licensees to her brokerage. Which one of the following describes a good way to do this? TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) executive summary - Correct Answer ✅ Which component of a business plan document is written last but is likely the first thing lenders and investors will read? No. Kay must obey the recordkeeping requirements established by state laws and regulations. - Correct Answer ✅ roker Kay is the anti-hoarder; she hates all forms of clutter, especially paperwork. She'd love to shred every bit of paperwork the second a transaction closes, and decides to write her brokerage policy to state that all transaction paperwork must be shredded within one month of the transaction's closing. Is this okay? advertising - Correct Answer ✅ What does federal trade commission regulate It avoids the distractions of individuals within the firm competing for the same position - Correct Answer ✅ Which of these is an advantage of external recruiting for management positions? TEXAS SAE REAL ESTATE Brokerage Exam Questions and Answers (Latest Update 2025) Independent contractor with 100%. Commission - Correct Answer ✅ Which compensation plan is typically used only for experienced, high-producing agents? The Texas real estate commission - Correct Answer ✅ All real estate licensees in Texas must abide by the Canons of Professional Ethics and Conduct enforced by ______. Diversity - Correct Answer ✅ ______ in a brokerage may include a variety of skills, language, personalities, and cultural backgrounds. Corporation - Correct Answer ✅ Mike and Ike set up a real estate company. Mike, Ike, and Spike each own a portion of the stock. Mike & Ike Realty is a legal entity of its own. Mike is involved in a ___ Succession Plan - Correct Answer ✅ Cross training brokerage staff is one element of a good ______.