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TEXAS REAL ESTATE BROKERAGE SAE ACTUAL
EXAM AND PRACTICE EXAM NEWEST 2024
ACTUAL EXAM 500 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ COMPLETE
TEXAS REAL ESTATE BROKERAGE SAE ACTUAL EXAM
Marissa wants to be sure her listings are available to buyers' brokers, so she puts the alarm code in the MLS listing, but only in the remarks that can be read by other licensees. Do you see an issue with this? - ANSWER>>Yes, because the printed copy of the agent-only remarks could fall into the wrong hands.Which of the following is true about the order in which photographs should appear in the MLS and on other sites? - ANSWER>>Show pictures in order, as if giving a tour of the property.Which of the following would be helpful in preparing a financial forecast for next year? - ANSWER>>Income statements Which of the following best describes a broker's supervisory requirements? - ANSWER>>Varied On a scale of 1 to 3, with 3 being high, TLC Realty has assigned a level 3 to likelihood of occurrence and a level 3 to severity of impact for a specific risk. What is its risk exposure? Is this a high, medium, or low level of risk? - ANSWER>>9, high The Canons of Professional Ethics and Conduct are divided into five sections: fidelity, integrity, competency, consumer information, and ______. - ANSWER>>Discriminatory practices Which special lease clause stipulates increased rental rates at specific times during the lease term, or requires tenants to pay a proportionate amount of the overall increased utility expense, in addition to their base rent? - ANSWER>>Escalation Which of the following individuals would be a competent party to a contract? - ANSWER>>Graciella, a 28-year-old unemployed parolee 1 / 4
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2 Which of the following is a characteristic of a formal organization? - ANSWER>>follows the rules Which of the following is the most appropriate office configuration decision? - ANSWER>>Match the configuration with business needs.Some MLS systems now allow licensees to include a building's LEED certification level. This is an example of a response to which current trend? - ANSWER>>sustainability A ______ is a budget prepared by a department that's been given the responsibility of generating enough income to cover an allocated portion of the firm's budget and make a profit.
- ANSWER>>profit center budget
Broker Matt is evaluating the hardware and software needs of his new brokerage. Which of the following statements regarding hardware and software considerations is true? - ANSWER>>The software will determine the performance requirements of the hardware.Danny is willing to take on some risk with his new brokerage, but he wants the support and brand recognition of an established company. Why type of brokerage is Danny considering? - ANSWER>>He purchased a franchise How does the Foreign Investment in Real Estate Property Tax Act (FIRPTA) affect real estate? - ANSWER>>It requires foreign persons to pay a capital gains sales tax on the sale of their U.S.property.Which legislative act describes the rules that employers must follow when paying workers for overtime? - ANSWER>>Fair Labor Standards Act (FLSA) A ______ is a type of real estate brokerage that's usually run as a subsidiary to a full-service brokerage. - ANSWER>>Limited function referral organization (LFRO) Which of the following represents a reason for maintaining complete transaction files? - ANSWER>>Files can be used for operations analysis. 2 / 4
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3 A thorough understanding of the ______, regulatory, and business environments is needed to fully analyze the market. - ANSWER>>Economic Monty is advertising a number of listings in the local newspaper and includes the fair housing logo in the ad. What else is required? - ANSWER>>The verbiage, "Equal Opportunity Housing" Cynthia loves her apartment and would like to have the option to buy it once her lease is up.Who is the best person to help Cynthia prepare a lease option? - ANSWER>>Cynthia loves her apartment and would like to have the option to buy it once her lease is up. Who is the best person to help Cynthia prepare a lease option?Which of the following is true about the security of your clients' information? - ANSWER>>Client data can be compromised if the brokerage's computer system is compromised.James is an unlicensed assistant at Franklin Brokerage and is paid a monthly salary. According to labor standards he is classified as a(n) ______ employee. - ANSWER>>Exempt Avery is drafting her firm's vision statement. Which of the following should be included? - ANSWER>>A statement of what the company's future results, achievements, and successes will be Which of the following is a characteristic of a properly written job description? - ANSWER>>Provides a basis for performance assessment What's an advantage of building your own brokerage from the ground up? - ANSWER>>You set up the processes and procedures.Developing a compensation plan is a process that requires multiple steps. Which of the following steps should occur first? - ANSWER>>Create a leveled structure that reflects knowledge, skills, and responsibilities for all positions in the organization. 3 / 4
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4 Ryan really enjoys managing and training people. There's something to be said about watching someone grow, learn, and become successful in a profession. Which of these is an ideal role for Ryan? - ANSWER>>broker-owner Which of the following is a true statement about facilities management? - ANSWER>>It involves the building, people, and processes.Why is vertical growth considered riskier than horizontal growth? - ANSWER>>Because vertical growth involves expanding into significantly different ventures Which two agencies enforce antitrust laws? - ANSWER>>Which two agencies enforce antitrust laws?How is inorganic growth achieved? - ANSWER>>Through the acquisition or merger of another company Which of the following items is an advantage to the broker of hiring experienced licensees rather than those who are newly licensed? - ANSWER>>Capable of making an immediate contribution to the brokerage The staffing philosophy for a brokerage should be developed to support the _______. - ANSWER>>Brokerage's mission and goals Which tactic is directly tied to the strategy, "Train all brokers and licensees to use virtual meeting software"? - ANSWER>>Schedule training sessions for all staff members.Although training delivered via a recorded webinar may not be very engaging for a learner, it does have one advantage over other training delivery methods. What is it? - ANSWER>>It's budget-friendly for the brokerage when a large, physically dispersed audience is involved.Milly is a broker who is coaching a sales associate, Laura. The first step in Milly's coaching process is to ______. - ANSWER>>Ask questions about Laura's goals and challenges
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