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2024 TEXAS REAL ESTATE BROKERAGE SAE FINAL EXAM|400 BRAND NEW EXAM QUESTIONS AND CORRECT ANSWERS,ALL GRADED A+|GUARANTEED SUCCESS|LATEST UPDATE $15.49
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2024 TEXAS REAL ESTATE BROKERAGE SAE FINAL EXAM|400 BRAND NEW EXAM QUESTIONS AND CORRECT ANSWERS,ALL GRADED A+|GUARANTEED SUCCESS|LATEST UPDATE
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2024 TEXAS REAL ESTATE BROKERAGE SAE
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2024 TEXAS REAL ESTATE BROKERAGE SAE
2024 TEXAS REAL ESTATE BROKERAGE SAE FINAL EXAM|400 BRAND NEW EXAM QUESTIONS AND CORRECT ANSWERS,ALL GRADED A+|GUARANTEED SUCCESS|LATEST UPDATE
What is a SWOT analysis useful for determining? - ANSWER-The strengths, weaknesses, opportunities, and threats facing a business
Wh...
2024 TEXAS REAL ESTATE BROKERAGE
SAE FINAL EXAM|400 BRAND NEW
EXAM QUESTIONS AND CORRECT
ANSWERS,ALL GRADED
A+|GUARANTEED SUCCESS|LATEST
UPDATE 2024-2025
What is a SWOT analysis useful for determining? - ANSWER-✔The strengths,
weaknesses, opportunities, and threats facing a business
Who has the best information about your firm's operations to assist in writing your
disaster recovery plan? - ANSWER-✔You and your staff
Which of the following is one of the key decisions a brokerage makes when deciding
how to staff the sales force? - ANSWER-✔The number of licensees to use
Broker Craig fires salesperson Enrique for violating a provision of the license law.
Which of the following is true of this situation? - ANSWER-✔This is a valid reason to
terminate the licensee's affiliation with the broker.
In which of the following scenarios is impossibility of contract performance
occurring? - ANSWER-✔Due to circumstances beyond their control, the parties can't
legally or practically do what they've agreed to do.
, Which of the following demographic data points would a brokerage be most
interested in when evaluating a market? - ANSWER-✔Employment Level
When discussing a merger, what would corporate cultural fit relate to? - ANSWER-
✔Management Style
As manager of the sales team, Judy has direct responsibility for reaching the
company's financial goals. What type of authority does Judy have? - ANSWER-✔Line
(Judy has line authority because she's directly responsible for achieving the
company's financial goals.)
Harriet is a hard worker. Of all of the unlicensed staff, she receives the most
consistently positive evaluations from her boss. She's the face of the firm, greeting
walk-in and telephone clients with a friendly, efficient manner. She knows exactly
where to find anything and any information she and her colleagues need. What's the
first question managers should ask when determining if Harriet is suitable for
promotion? - ANSWER-✔Is she interested in promotion?
Before spending time to evaluate Harriet's skills related to promotion, managers
should find out if Harriet is even interested in being promoted.
What impact do marketing efforts have on sales? - ANSWER-✔Indirect
Marketing is a strategic process that impacts all departments in a firm. Its impact on
sales is critical, but indirect
A(n) ______ is certain to save a brokerage money - ANSWER-✔Culture of retention
Which of the following is a good example of proper safety and security measures for
employees at a brokerage office? - ANSWER-✔Require identification from
customers and clients before real estate professionals go into the field with them.
Which of the following business planning activities breaks the long-range plan down
into smaller tasks and identifies which segment(s) of the company are responsible
for doing what? - ANSWER-✔Tactical planning
Tactical planning is the most granular level of planning. Once the long-range plan has
been broken down into smaller tasks, the management and staff are responsible for
carrying out the tactics.
Broker Donna plans to hire three licensees to begin growing her business from a
one-agent to a four-agent firm. What tip would you offer Donna regarding the
impact of growth on her as the broker-owner? - ANSWER-✔As more staff is hired,
she will spend more time managing sales staff.
Leaders communicate and live by their ______. - ANSWER-✔Values
, Which of the following statements is true regarding licensees who work at a limited
function referral organization? - ANSWER-✔The licensees don't do any active selling.
The licensees at an LFRO gather referrals and feed them to a full-service brokerage
but don't do any active selling.
Rust Brokerage is run as a lean machine and requires its employees to be both
productive and cost-efficient. It pays employees on a scale that relates their worth to
how much their work has contributed to overall revenue. This reflects a(n) ______
compensation philosophy. - ANSWER-✔Performance
Which of the following represents a reason for maintaining complete transaction
files? - ANSWER-✔Files can be used for operations analysis.
Retention of transaction files is important for two reasons: to meet state regulatory
requirements and to analyze business operations.
Samantha is a real estate licensee. She's showing her client a property. The client
asks about some spots on the ceiling and wonders if they're an indication of a roof
leak. What should Samantha do? - ANSWER-✔Suggest that her client contact a
roofing expert to make a determination.
Which of the following business names would be the most likely outcome of a
merger between Duck Realty and Rooster Realty - ANSWER-✔Quack-a-Doodle-Doo
Realty
Offer to purchase, sales agreement, contract of purchase and sale, and purchase
agreement are other names for the ______. - ANSWER-✔Sales Contract
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? - ANSWER-✔Damage to the building from the storm and melting
snow could destroy Jarrod's office and records.
If a community plan requires developers to build new public spaces in urban areas
as part of new construction projects, and the result is that more people want to live
and work in the city, what impact would this have on a real estate business? Select
the most complete answer. - ANSWER-✔Because the plan includes both a cost for
developers and the benefit of making an area more desirable, it could be weighted
differently, depending on the services the real estate business offers.
Which act created an agency to investigate antitrust practices? - ANSWER-✔Federal
Trade Commission Act
, The Federal Trade Commission Act created the FTC. This agency investigates
practices and will stop companies and individuals from committing antitrust
violations.
Arnold plans to open a brokerage. What might make him select a sole
proprietorship legal structure? - ANSWER-✔He wants control over branding.
Sole proprietorships offer complete control but no personal protection.
Broker Millie wants to start her own brokerage. The market is hot right now, and
she wants to get her brokerage up and running ASAP. Once things slow down a little,
she'll figure out a business plan and other details. Which of the following is true of
this situation? - ANSWER-✔Making a plan and implementing it is essential to the
future success of an organization.
Mortgage Fraud is considered __ - ANSWER-✔Fraudulent misrepresentation
Mortgage fraud is a form of fraudulent misrepresentation that, because it's become
so prevalent, has been named as its own category of fraud.
Loronda is working on her business plan in preparation for opening her own
brokerage. Why should she consider including succession planning in her plan? -
ANSWER-✔It helps to ensure that well-trained talent is available in the event that a
critical position becomes vacant.
Succession planning not only ensures that a solid pipeline of qualified individuals is
ready to move into critical positions, but it also motivates staff to perform at a high
level in order to e considered for promotion.
As the supervising broker, tanner makes sure that the firm's policies and procedures
manual is updated regularly and is enforced. He provides formal and informal
training on the manual's contents. Does this relieve Tanner of vicarious liability if a
licensee performs an unethical act? - ANSWER-✔No. However, in some situations,
Tanner's attempts at training and enforcement may help lessen sanctions against
him.
Though technically Tanner is responsible, if he can prove that the firm has policies
and procedures in place and that he provides training and coaching to licensees, he
may receive less blame than he might otherwise.
- ANSWER-✔Job Description
The Job description describes how a person in a given role relates and interfaces
with others in the organization.
- ANSWER-✔Keep windows clear so passersby can see inside
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