Texas Real Estate Brokerage SAE Final Exam 2023/2024 Test
Questions With Correct Answers Graded A+
The strengths, weaknesses, opportunities, and threats facing a business -
answer-What is a SWOT analysis useful for determining?
You and your staff - answer-Who has the best information about your firm's
operations to assist in writing your disaster recovery plan?
The number of licensees to use - answer-Which of the following is one of
the key decisions a brokerage makes when deciding how to staff the sales
force?
This is a valid reason to terminate the licensee's affiliation with the broker. -
answer-Broker Craig fires salesperson Enrique for violating a provision of
the license law. Which of the following is true of this situation?
Due to circumstances beyond their control, the parties can't legally or
practically do what they've agreed to do. - answer-In which of the following
scenarios is impossibility of contract performance occurring?
Employment Level - answer-Which of the following demographic data
points would a brokerage be most interested in when evaluating a market?
Management Style - answer-When discussing a merger, what would
corporate cultural fit relate to?
Line (Judy has line authority because she's directly responsible for
achieving the company's financial goals.) - answer-As manager of the sales
team, Judy has direct responsibility for reaching the company's financial
goals. What type of authority does Judy have?
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. -
answer-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?
,Texas Real Estate Brokerage SAE Final Exam 2023/2024 Test
Questions With Correct Answers Graded A+
Indirect
Marketing is a strategic process that impacts all departments in a firm. Its
impact on sales is critical, but indirect - answer-What impact do marketing
efforts have on sales?
Culture of retention - answer-A(n) ______ is certain to save a brokerage
money
Require identification from customers and clients before real estate
professionals go into the field with them. - answer-Which of the following is
a good example of proper safety and security measures for employees at a
brokerage office?
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. - answer-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?
As more staff is hired, she will spend more time managing sales staff. -
answer-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?
Values - answer-Leaders communicate and live by their ______.
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. - answer-Which of the following
statements is true regarding licensees who work at a limited function
referral organization?
, Texas Real Estate Brokerage SAE Final Exam 2023/2024 Test
Questions With Correct Answers Graded A+
Performance - answer-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.
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. - answer-
Which of the following represents a reason for maintaining complete
transaction files?
Suggest that her client contact a roofing expert to make a determination. -
answer-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?
Quack-a-Doodle-Doo Realty - answer-Which of the following business
names would be the most likely outcome of a merger between Duck Realty
and Rooster Realty
Sales Contract - answer-Offer to purchase, sales agreement, contract of
purchase and sale, and purchase agreement are other names for the
______.
Damage to the building from the storm and melting snow could destroy
Jarrod's office and records. - answer-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?
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. - answer-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
Questions With Correct Answers Graded A+
The strengths, weaknesses, opportunities, and threats facing a business -
answer-What is a SWOT analysis useful for determining?
You and your staff - answer-Who has the best information about your firm's
operations to assist in writing your disaster recovery plan?
The number of licensees to use - answer-Which of the following is one of
the key decisions a brokerage makes when deciding how to staff the sales
force?
This is a valid reason to terminate the licensee's affiliation with the broker. -
answer-Broker Craig fires salesperson Enrique for violating a provision of
the license law. Which of the following is true of this situation?
Due to circumstances beyond their control, the parties can't legally or
practically do what they've agreed to do. - answer-In which of the following
scenarios is impossibility of contract performance occurring?
Employment Level - answer-Which of the following demographic data
points would a brokerage be most interested in when evaluating a market?
Management Style - answer-When discussing a merger, what would
corporate cultural fit relate to?
Line (Judy has line authority because she's directly responsible for
achieving the company's financial goals.) - answer-As manager of the sales
team, Judy has direct responsibility for reaching the company's financial
goals. What type of authority does Judy have?
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. -
answer-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?
,Texas Real Estate Brokerage SAE Final Exam 2023/2024 Test
Questions With Correct Answers Graded A+
Indirect
Marketing is a strategic process that impacts all departments in a firm. Its
impact on sales is critical, but indirect - answer-What impact do marketing
efforts have on sales?
Culture of retention - answer-A(n) ______ is certain to save a brokerage
money
Require identification from customers and clients before real estate
professionals go into the field with them. - answer-Which of the following is
a good example of proper safety and security measures for employees at a
brokerage office?
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. - answer-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?
As more staff is hired, she will spend more time managing sales staff. -
answer-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?
Values - answer-Leaders communicate and live by their ______.
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. - answer-Which of the following
statements is true regarding licensees who work at a limited function
referral organization?
, Texas Real Estate Brokerage SAE Final Exam 2023/2024 Test
Questions With Correct Answers Graded A+
Performance - answer-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.
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. - answer-
Which of the following represents a reason for maintaining complete
transaction files?
Suggest that her client contact a roofing expert to make a determination. -
answer-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?
Quack-a-Doodle-Doo Realty - answer-Which of the following business
names would be the most likely outcome of a merger between Duck Realty
and Rooster Realty
Sales Contract - answer-Offer to purchase, sales agreement, contract of
purchase and sale, and purchase agreement are other names for the
______.
Damage to the building from the storm and melting snow could destroy
Jarrod's office and records. - answer-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?
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. - answer-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
