45 Hour Post License Questions and Answers!!
Base Industry - ANSWER An industry that produces goods and services for export from the region.
Service Industry - ANSWER An industry that produces goods or services to sell to local residents.
Economic Base - ANSWER The ability of a region to...
45 Hour Post License Questions and Answers!!
Base Industry - ANSWER An industry that produces goods and services for export from the region.
Service Industry - ANSWER An industry that produces goods or services to sell to local residents.
Economic Base - ANSWER The ability of a region to export goods and services to other
regions.
Demand-Pull Inflation - ANSWER Higher prices due to buyers bidding against each other.
Real-Cost Inflation - ANSWER Higher prices due to great effort needed to produce the same product today.
Cost-Push Inflation - ANSWER Higher prices due to increased costs of labor and supplies.
Monetary Inflation - ANSWER Results from increasing the money supply faster than increases in goods and services to buy.
Federal Reserve Board - ANSWER Governing board of the nations central bank.
Real - ANSWER Inflation Adjusted
Monetize the Debt - ANSWER The creation of money by the Federal Reserves to purchase Treasury securities.
Advertising - ANSWER A paid form of non-personal presentation of goods, services, or ideas to a group by an identified sponsor.
Showing - ANSWER The act of taking a prospect to and through a property.
Misrepresentation - ANSWER A representation, through words or conduct, not in accord
with facts.
Regulation Z - ANSWER The Federal Reserve Board regulation implementing the Truth-in-Lending Act. Referral - ANSWER Prospective customers or clients who have been sent or directed to
someone recommended for a service.
Amenities - ANSWER Pleasing and agreeable qualities; intangible benefits of property ownership such as pride of ownership or scenic beauty.
FSBO - ANSWER Homes "For Sale By Owner"
Open House - ANSWER A house being held open to the public attracting prospective purchasers.
Brokers Open - ANSWER An open house showing to which only other brokers are invited.
Guest Register - ANSWER A book to record names of visitors and to invite comment.
Motivation - ANSWER The act or process of creating incentive causing a person to act to satisfy a drive, need, or desire.
Curb Appeal - ANSWER Favorable impression of visitors approaching subject property for the first time.
Headline or "Hed" - ANSWER The short phrase found at the beginning or top of a classified ad, designed to attract the readers attention.
Personal Marketing - ANSWER Activities which are designed to promote agents and their business reputations.
Mission Statement - ANSWER A written message conveying the personal and business
philosophy of agents. It defines their goals as to how they will serve both clients and customers.
Call to Action - ANSWER Verbiage contained in and advertisement that will prompt some action on the part of the reader (ex) call now, come by our office, etc.
Target Marketing - ANSWER A method of isolating the concentration on a segment of the market. Focusing on either a geographical area with which the agent is more familiar, or a price range in which they can function more effectively.
Cocooning - ANSWER The current trend wherein adults are wanting to spend more time at home and even segue into home based businesses because of the prolonged stress of the economy and the market place.
Personal Promotion - ANSWER Image building of ones self; establishing public relations with customers and/or clients. A face to face approach. A method of building future business.
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