CRP Test Broker Market Analysis and Strategy
Exam UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
What is worldwide ERC - CORRECT ANSWER Worldwide ERC Networks workforce
mobility professionals and HR innovators
Worldwide ERC promise - CORRECT ANSWER innovative solutions for workforce
mobility and talent strategy in a community of colleagues who value exploration and
collaboration, so our members and their companies are prepared and powerful; we listen and
learn, then we teach; we sustain quality and integrity throughout all our meetings, educational
products, tax and legal efforts, and survey capabilities; we create powerful networking for
everyone in our industry.
The ERC Broker's Market Analysis and Strategy Report is also known as? - CORRECT
ANSWER BMA
How many times has the BMA form been revised? - CORRECT ANSWER 3
In what years was the BMA form revised? - CORRECT ANSWER 1991, 1996, 2008
Before the first standardized BMA report, corporations with in-house purchase programs,
relocation mgmt. firms and many real estate professionals used: - CORRECT
ANSWER their own unique forms to provide a market analysis and price opinion.
List other names of forms used for market strategy other than the BMA. - CORRECT
ANSWER Broker's Price Opinion; Competitive Market Analysis; Broker's Opinion of
Value.
Lack of standardization resulted in inaccuracies and required additional time for questions
and clarification. - CORRECT ANSWER True
, Who formulated the structure and content of the most recently revised BMA form? -
CORRECT ANSWER A task force of individuals from different segments of the
mobility industry.
The 2008 BMA was created to meet the needs of the industry, not the specific economic
market. - CORRECT ANSWER True
Focus groups, surveys, and field tested feedback were collected to ensure user needs were
addressed. - CORRECT ANSWER True
The ERC BMA form was initially designed in 1989 to be used: - CORRECT
ANSWER In conjunction with the appraisal process during a traditional homesale buy-
out
The BMA looked at the property from the ___________ perspective. - CORRECT
ANSWER Real Estate Broker's
Marketing assistance companies obtain the BMA as part of the effort to: - CORRECT
ANSWER Locate a potential buyer for the transferee's home prior to the homesale buy-
out being implemented.
The BMA report is used in: - CORRECT ANSWER Home marketing assistance
programs
Evaluation of distressed properties or REOs
Cross-check of appraisals
Corporate Homesale Buyout Program
The broker or agent preparing the BMA should make sure that the information in the report is
consistently reported throughout the form. - CORRECT ANSWER True
The ERC Brokers Market Analysis and Strategy Report was created in - CORRECT
ANSWER 1989
Exam UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
What is worldwide ERC - CORRECT ANSWER Worldwide ERC Networks workforce
mobility professionals and HR innovators
Worldwide ERC promise - CORRECT ANSWER innovative solutions for workforce
mobility and talent strategy in a community of colleagues who value exploration and
collaboration, so our members and their companies are prepared and powerful; we listen and
learn, then we teach; we sustain quality and integrity throughout all our meetings, educational
products, tax and legal efforts, and survey capabilities; we create powerful networking for
everyone in our industry.
The ERC Broker's Market Analysis and Strategy Report is also known as? - CORRECT
ANSWER BMA
How many times has the BMA form been revised? - CORRECT ANSWER 3
In what years was the BMA form revised? - CORRECT ANSWER 1991, 1996, 2008
Before the first standardized BMA report, corporations with in-house purchase programs,
relocation mgmt. firms and many real estate professionals used: - CORRECT
ANSWER their own unique forms to provide a market analysis and price opinion.
List other names of forms used for market strategy other than the BMA. - CORRECT
ANSWER Broker's Price Opinion; Competitive Market Analysis; Broker's Opinion of
Value.
Lack of standardization resulted in inaccuracies and required additional time for questions
and clarification. - CORRECT ANSWER True
, Who formulated the structure and content of the most recently revised BMA form? -
CORRECT ANSWER A task force of individuals from different segments of the
mobility industry.
The 2008 BMA was created to meet the needs of the industry, not the specific economic
market. - CORRECT ANSWER True
Focus groups, surveys, and field tested feedback were collected to ensure user needs were
addressed. - CORRECT ANSWER True
The ERC BMA form was initially designed in 1989 to be used: - CORRECT
ANSWER In conjunction with the appraisal process during a traditional homesale buy-
out
The BMA looked at the property from the ___________ perspective. - CORRECT
ANSWER Real Estate Broker's
Marketing assistance companies obtain the BMA as part of the effort to: - CORRECT
ANSWER Locate a potential buyer for the transferee's home prior to the homesale buy-
out being implemented.
The BMA report is used in: - CORRECT ANSWER Home marketing assistance
programs
Evaluation of distressed properties or REOs
Cross-check of appraisals
Corporate Homesale Buyout Program
The broker or agent preparing the BMA should make sure that the information in the report is
consistently reported throughout the form. - CORRECT ANSWER True
The ERC Brokers Market Analysis and Strategy Report was created in - CORRECT
ANSWER 1989
