TEXAS SAE REAL ESTATE Brokerage Review Exam with the A+ Questions and Answers 100%

TEXAS SAE REAL ESTATE Brokerage Review Exam with the A+ Questions and Answers 100% Executive Summary - CORRECT ANSWER-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? An indication that the worker wont be treated as an employee. - CORRECT ANSWER-Which of these should a brokerage's independent contractor agreements include? Brainstorming and focus groups are a big part of this style of management. - CORRECT ANSWER-Participatory Who is behaving unethically in the following scenarios? - CORRECT ANSWER-A licensee who doesn't show potential buyers a home because he believes they aren't a cultural fit. Serious damage to the firm's brand or reputation can occur as a result of ______. - CORRECT ANSWER-A single large event or a pattern of smaller events Which of these scenarios would best be solved with short-term financing? - CORRECT ANSWER-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. A leader who displays the quality of being a visionary is able to do what? - CORRECT ANSWER-Look ahead at trends to meet future market demands Which of the following gives employers the right to hire and fire people with or without a reasonable cause? - CORRECT ANSWER-The doctrine of employment-at-will 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? - CORRECT ANSWER-Damage to the building from the storm and melting snow could destroy Jarrod's office and records. What's the last stage of a business life cycle? - CORRECT ANSWER-Death To be effective, the wording of a brokerage's code of ethics must be ______. - CORRECT ANSWER-Specific What's the purpose of a firewall? - CORRECT ANSWER-It prevents hackers from infecting your system with viruses, worms, and malware. Broker Jill is conducting the exit interview with one of her licensees, who is heading to a larger brokerage. Which of the following is an appropriate exit interview question for Jill to ask? - CORRECT ANSWER-"What did you enjoy about working here?" If a minor enters into a contract with an adult, which of the following is true? - CORRECT ANSWER-The minor may legally hold the adult to the contract, but the adult cannot legally hold the minor to the contract. Which of the following is an example of horizontal growth? - CORRECT ANSWER-Adding a commercial sales venture to a residential sales office When is an agency disclosure form required? - CORRECT ANSWER-Any time real estate matters are discussed between an agent and a consumer Which of these professional development opportunities is the best way for a licensee to receive a quick introduction to a topic from an expert, or to dive more deeply into an area with other experienced professionals? - CORRECT ANSWER-Real Estate Seminar Why is it important to understand the needs of different generations? - CORRECT ANSWER-When you define your niche, you can appeal to the needs of the generations in your market. Jorge works at a firm where elected officers govern the affairs of the organization, while a 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? - CORRECT ANSWER-Corporation 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. - CORRECT ANSWER-Decisively The ______ component involves trading value for your offerings. - CORRECT ANSWER-Exchanging What is the purpose of tracking industry and economic trends? - CORRECT ANSWER-To provide information about external events that might impact the brokerage