Real Estate Marketing 101 (SAE) Questions and Answers | Latest Update | 2024/2025 | Already Passed
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Module
Real Estate 101
Institution
Real Estate 101
Real Estate Marketing 101 (SAE)
Questions and Answers | Latest Update |
2024/2025 | Already Passed
**What document do agents rely on to determine property ownership and identify potential
issues like easements or judgments?**
**Agents rely on the preliminary title report. This report conf...
Real Estate Marketing 101 (SAE) Questions and Answers | Latest Update | 2024/2025 | Already Passed **What document do agents rely on to determine property ownership and identify potential issues like easements or judgments?** ✔✔ **Agents rely on the preliminary title report. This report confirms the property owner's name and outlines any claims, easemen ts, judgments, or other encumbrances affecting the property.** **Which entities are involved in delivering the property to customers and are part of the place strategy in real estate?** ✔✔ **Title companies, listing agencies, selling agencies, lenders, ap praisers, and others are involved in the place strategy. Agents typically coordinate these activities as the main point of contact for both buyers and sellers.** **Define place utility in real estate.** ✔✔ **Place utility ensures properties are convenient ly located near shopping centers, schools, transportation routes, and cultural centers to meet customer needs.** **Why might unexpectedly high interest rates become an issue for a prospective buyer?** ✔✔ **This affects possession utility, where the proper ty must be deliverable, the buyer capable of purchasing, and financing available at reasonable rates. High interest rates make money less available at affordable rates, impacting possession utility.** **Among the promotional mix activities, which is NOT c onsidered a long -term strategy?** ✔✔ **Personal selling is not a long -term strategy. Long -term activities include publicity, sales promotion, and advertising within the promotional mix.** **What is a channel of distribution associated with in real estate? ** ✔✔ **A channel of distribution is associated with place —ensuring properties are efficiently delivered to customers in desirable locations.** **During which period did buyers have numerous options among products and services?** ✔✔ **Buyers had various c hoices during the marketing era, post -World War II, marking a shift from the sales era where industries focused more on meeting buyer preferences and needs.** **Which aspect of the market is easiest to change in response to market conditions?**
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