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Real Estate Brokerage Question and answers already passed

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Real Estate Brokerage Question and answers already passed The owner of a real estate brokerage firm hired Eric to oversee the day-to-day operations of the business. What type of broker is Eric? Active Assistant Broker-owner Managing - correct answer Managing Samantha is the owner of her ...

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  • July 20, 2024
  • 69
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • Real Estate Brokerage
  • Real Estate Brokerage

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Real Estate Brokerage: Unit Exams
Real Estate Brokerage: Unit Exams
2024/2025 The owner of a real estate brokerage firm hired Eric to oversee the day-to-day
operations of the business. What type of broker is Eric?
Active
Assistant
Broker-owner
Managing - correct answer ✔Managing
Samantha is the owner of her own real estate brokerage firm. Which of these is one of her responsibilities as broker-owner?
Making sure her licensees maintain their licensure
Explaining the agency relationship to her licensees' clients
Encouraging brokers who work for her to start their own firms
Collecting fines from her licensees who violate license laws or regulations - correct answer ✔Making sure her licensees maintain their licensure
Nat has a friend who is in the home construction business, and he says that in
the last six months, there has been an increased demand from the developers
to build homes that are more energy efficient and that use sustainable and non-toxic housing materials. What current market trend is this an example of?
Increased density
Greener buyers
Smaller houses, bigger houses
Aging of Baby Boomers - correct answer ✔Greener buyers One evening during their weekly card game, Cecilia and her group of retired friends are recounting the difficulty they had finding a place they could afford and that was close to a hospital. Cecilia added that they were the lucky ones because she has a few other friends who were unable to get out of the homes
in which they raised their children and into more accessible and affordable housing. What trend is this an example of?
Increased density
Greener buyers
Smaller houses, bigger houses
Aging of Baby Boomers - correct answer ✔Aging of Baby Boomers
Which term means growing a business by offering services to a different niche
market or by offering a wide variety of services?
Geographic expansion
Sector expansion
Service expansion
Inorganic growth - correct answer ✔Service expansion
Which term means the horizontal expansion of a business through enlarging its physical presence or impact via advertising, networking, or adding offices in new locations?
Geographic expansion
Sector expansion
Service expansion
Inorganic growth - correct answer ✔Geographic expansion Which of these would be considered a buyer profile niche?
Residential sales
First-time homebuyers
An urban redevelopment area
Industrial sales - correct answer ✔First-time homebuyers
Jennifer is selling her property. She has hired Larry as her agent. After the property is listed, Jane brings her client, Andrew, to see the property, which Andrew is interested in purchasing. Who is Larry in this scenario?
A sub-agent
A buyer's agent
A seller's agent
A dual agent - correct answer ✔A seller's agent
In contrast to organic growth, inorganic growth usually involves _______.
The joining of two companies
A gradual progression
An inside job
A change in location - correct answer ✔The joining of two companies
How is organic growth defined?
The growth of a business through the gradual adoption of new services and increases in market share

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