TEXAS REAL ESTATE BROKERAGE SAE LICENSE EXAM
2023-2024 ACTUAL EXAM 300 QUESTIONS AND CORRECT
DETAILED ANSWERS WITH RATIONA LES|ALREADY
GRADED A+
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? - 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. - ANSWER- Decisively
The ______ component involves trading value for your offerings. - ANSWER- Exchanging
What is the purpose of tracking industry and economic trends? - ANSWER- To provide information about external events that might impact the brokerage
Which of the following actions can licensees take related to signs? - ANSWER- They can place signs on an owner's property with the owner's written consent 1 / 4
What is the relationship between a policies and procedures manual and the broker's obligation to supervise agents? - ANSWER- Brokers who enforce policies and procedures outlined in an effective PPM proof of efforts to properly train and supervise agents.
The new worker orientation at a brokerage should do which of the following? - ANSWER- Describe the behaviors expected of the brokerage's affiliates or employees.
Which of the following brokerage value is most important to a licensee who wants to thrive at that brokerage? - ANSWER- Values that matches the licensees values
What question does determining potential return on investment answer - ANSWER- What's it worth?
Shayla periodically reviews her brokerage's long-range business plan.What benefits to the brokerage can she expect to see in the future? - ANSWER- She can update the brokerage processes or projections in a timely manner.
One of the least expensive bus most effective marketing techniques is to
- ANSWER- Provide superior service tot eh clients and customers.
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Which of the following is a good reason to merge with or acquire another company - ANSWER- To form a large company that is more competitive.
What does longevity mean in relation to your business name? - ANSWER- What her it will serve your purpose for a considerable length of time
Which of the following is an industry trend that a brokerage - ANSWER- Average days on market
Expenses may be listed on the income statement either in order from largest to smallest or? - ANSWER- Based on the order they are listed on the general ledger
Which of the following statements is true regarding real estate licensing requirements - ANSWER- A person who receives a $50 gift certificate for performing real estate activities on a friends behalf must have a real estate license
Which of the following statement about enforcing a firms code of ethics id true? - ANSWER- There should be consequences for violating the firms code of ethics and these consequences should be communicated and documented.
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Supporting the company mission can be a common goal for a licensees, which is a strategy that helps______ - ANSWER- Create a strong team dynamic
Which statement most accurately describes the licensees responsibility related to written offers on a listing according to the NAR code of ethics and standard practice? - ANSWER- All formal written offers received by the licensee must be presented to the owner until closing or execution of a lease unless the client waives this obligation in writing.
Tangible or intangible items that a firm owns are - ANSWER- Assets
What market indicator is expressed as the number of months it takes to sell homes in at the current rate of sells. - ANSWER- Inventory rates
What is the role of the equal employment opportunity commission? - ANSWER- To enforce the anti-discrimination laws that cover most businesses with 15 or more employees
Most business plans include a synopsis of the plan as a whole, designed to be read by share holders, lenders and other third parties with an interest in learning about the organisation. What is the synopsis called? - ANSWER- Executive summary
Which of these should a brokerage independent contractor agreements include? - ANSWER- An indication that the worker wont be treated as an employee.
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