Brokerages Study guides, Class notes & Summaries

DC Exam prep Latest Update Graded A+ DC advertising includes Business cars, signs, emails ,websites, I'm, any electronic communication DC ads may not contain False of misleading information All ads are subject to the principle broker's direct supervision and approval, must include either the registered broker or brokerages name and phone number Salespersons or associated brokers who include their name in an ad myst include their affiliated brokerages name and offices main phone ...

Search Engine Optimization (SEO) The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. Fcebook Live Video streaming through facebook. Brainpower Read More CoStar Database Functions much like a residential MLS, connecting commercial agents with brokerages, owners, lenders, property managers, appraisers, and investors. Virtual Reality (VR) A computer-generated image or...

Define positioning advantage Refers to how the brokerage is perceived by clients in relation to competing brokerages. "image of the brokerage" Positioning is in relation to other brokerages operating in the same environment Image is the clients perception of the brokerage Three ways a brokerage can be positioned in relation to its competition 1. Low or high priced 2. Low or high service quality 3. Faster to settle claims Define differential advantage Refers to any feature, service, or ...

CAIB 4 Chapter 8 Latest Version with Complete Solutions Technology development has had a major impact on the insurance industry. It has completely transformed the way information is recorded and transmitted between the parties involved in insurance transactions. Identify five functions that the effective utilization of technology will allow brokers to realize. 1. Improve client service levels 2. Store information safely and convenietly 3. Reduce operating costs 4. Handle large volu...

CAIB 4 - Chapter 2 Questions and Answers Rated A+ Identify 3 elements to organizing effectively: 1. Creating an organizational structure. 2. Defining employee relationships. 3. Establishing position descriptions. Identify 3 basic forms of organizational structure based on the way authority and responsibility is delegated. 1. Line organization 2. Functional organization 3. Line and staff organization Identify which type of brokerage is best suited for a line organization and brie...

CAIB 4 - Book Practice Questions and Answers Already Passed What are the similarities between a strategic plan and an action plan? They are both critical steps in the success of a brokerage They both flow from the mission statement They both use the same process (top down/bottom up) What are the differences between a strategic plan and an action plan? strategic plans are for three to five years; action plans are for one year strategic plans apply to the brokerage as a whole; act...

What does REBBA stand for? - Answer-Real Estate and Business Brokers Act Whose role is it to enforce REBBA? - Answer-RECO Purpose of REBBA? - Answer-provide a framework for the responsive regulation of the real estate profession to protect consumers and ensure the integrity of real estate transactions is upheld. What Ontario government body is responsible for REBBA? - Answer-The Ministry of Government and Consumer Services is 'responsible' for REBBA, but it's RECO's role to interpret, e...

Section 11 unit 5: Antitrust Violations and Penalties Actual Exam Qs & Ans/ . Terms like: Which of these is an example of group boycotting? a. licensees don’t socialize with one another b. Two or more licensees or brokerages refuse to cooperate and split commissions with another licensee or brokerage. c. all licensees agree to follow the law d. A full-service brokerage cooperates with a limited-service brokerage firm. - Answer: b. Two or more licensees or brokerages refuse to coopera...

Real Estate Final Exam – Illinois with Complete Questions and Answers (Graded A)Real Estate Final Exam – Illinois with Complete Questions and Answers (Graded A)Real Estate Final Exam – Illinois with Complete Questions and Answers (Graded A)Real Estate Final Exam – Illinois with Complete Questions and Answers (Graded A)The purpose of a recovery fund is to: A. protect damaged licensees from clients who fail to pay earned commission. B. assist in the liquidity of a troubled brokerage th...

Organizing involves determining the way the brokerage's activities will be divided into manageable units. Identify 3 elements to organizing effectively. 1. Creating an Organizational Structure 2. Defining employee relationships 3.Establishing Position Descriptions Identify 3 basic forms of organizational structure based on the way authority and responsibility is delegated. 1. Line Organization- best suited for smaller brokerages in which senior management personally directs the activitie...