Exam (elaborations)
GRI Brokerage Exam – Questions & Answers
GRI Brokerage Exam – Questions & Answers
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GRI Brokerage Exam – Questions & AnswersHow do company policies benefit you? ✔️Ans - Understand
environment where you practice
What do company policies help you understand? ✔️Ans - Protect you
and limit your liability
What should a broker always have? ✔️Ans - Someone who knows the
rules who is always avaialble to answer question or review paperwork
What policies are important when joining a broker? ✔️Ans -
Training/meetings, lead generation, fees, marketing provided
What are the benefits of previewing properties? ✔️Ans - Knowledge of
inventory, neighborhoods, get staging tips, avoid surprises
What is important to understand about your commission structure?
✔️Ans - Understand what happens if you leave mid-transaction
Who determines fees, commissions and exceptions? ✔️Ans - Broker
What is the magic office policy? ✔️Ans - There is no one right way to
conduct business
What are some important broker responsibilities to an agent? ✔️Ans -
Setting rules and policies, being responsible for Realtor actions,
maintaining files required by TREC
What are important agent responsibilities to the broker? ✔️Ans -
Choosing the best environment, abiding by rules, pays fees
Who owns the client? ✔️Ans - The Broker
What determines who owns the transaction? ✔️Ans - Listing
agreement, buyer rep, independent contractor agreement
Who is responsible for all advertising? ✔️Ans - The Broker
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