GRI Exam 2023-2024 Questions and
Answers 100% Correct(GRADED A)
The Do Not Call Act Prohibits Calls to -- - ANSWER-residential and cell phone numbers
registered with Federal Trade Commission.
Do Not Call Act Exception include: - ANSWER-Call may be placed for up to 18 months
after the last transaction to a consumer with an established business relationship.
A consumer who made an inquiry may be called for up to 3 months from the initial
inquiry.
A consumer who has given written permission
CAN-SPAM set--- - ANSWER-rules for all sending commercial email.
CAN SPAM requires all commercial email to contain: - ANSWER-An opt out Mechanism
which is to remain active for at least 30 days after the message transmission.
A clear and conspicuous notice that the message is an advertisement.
A legitimate return email address
A valid physical
In the sales process, the listing agent is most responsible for- - ANSWER-Marketing the
property
The NAR 2012 Home Buyer and Seller Survey, reports that the successful sale of
FSBO properties increases slightly to 6% when: - ANSWER-eliminating material
relationship transactions.
Per NAR Survey the number 1 reason that seller attempt to sell their property FSBO is:
- ANSWER-their reluctance to pay a commission
3 types of behaviour that can be displayed and encourage when in a negotiation -
ANSWER-Red, Blue and Purple
What color is recognized as representing a win-win behaviour - ANSWER-Purple
Two types of negotiation strategies are: - ANSWER-adversarial and interest-based.
Interest-based is recognized as - ANSWER-producing win-win results.
BATNA stand for-- - ANSWER-Best Alternative to a Negotiated Agreement
, BATNA is the best option if the current negotiation - ANSWER-fails
When conducting a negotiation, it would be considered prudent practice to: - ANSWER-
Ask effective questions
Explain the process to your client
Ask for a concession in return for giving one
A REALTOR must - ANSWER-take responsibility for what is conveyed to all parties and
prevent their personal opinions from causing the buyer and seller to dislike each other.
When counter-offering you should - ANSWER-avoid negotiating down to only one item -
if the only thing you are negotiating is price, you lose Leverage.
To maintain your reputation and gain the respect of all the parties in the negotiation, a
REALTOR should - ANSWER-Keep all appointments
Return calls in a timely manner
fulfill promises
Technology Tools to build your busines - ANSWER-About.me
City-Date.com
Google Alerts (www.google.com/alert)
Mention.net
Trulis.com
Zillow.com
Largest provided of E-forms? - ANSWER-ZipForm- Exclusive form software to NAR
When an agent use TBD in a contract - ANSWER-The contract will be void
property sold subject to Due diligence period - ANSWER-Time period to discover
defects and righet to seek to address concerns through mutual agreement.
If buyer fails to givetimely notice, buyer will have accepted property as is - ANSWER-
True
Property sold as is - ANSWER-Property sold withall faults. Sellerhaz no obligation to
make repair to property
Does not eliminate Arbitaion if not resolved.
And must be confidential - ANSWER-Mediation
Little delay ( is quicker), Maximum range-solutions and maintain/improve relationship
(preserve relationship) - ANSWER-Mediation
Answers 100% Correct(GRADED A)
The Do Not Call Act Prohibits Calls to -- - ANSWER-residential and cell phone numbers
registered with Federal Trade Commission.
Do Not Call Act Exception include: - ANSWER-Call may be placed for up to 18 months
after the last transaction to a consumer with an established business relationship.
A consumer who made an inquiry may be called for up to 3 months from the initial
inquiry.
A consumer who has given written permission
CAN-SPAM set--- - ANSWER-rules for all sending commercial email.
CAN SPAM requires all commercial email to contain: - ANSWER-An opt out Mechanism
which is to remain active for at least 30 days after the message transmission.
A clear and conspicuous notice that the message is an advertisement.
A legitimate return email address
A valid physical
In the sales process, the listing agent is most responsible for- - ANSWER-Marketing the
property
The NAR 2012 Home Buyer and Seller Survey, reports that the successful sale of
FSBO properties increases slightly to 6% when: - ANSWER-eliminating material
relationship transactions.
Per NAR Survey the number 1 reason that seller attempt to sell their property FSBO is:
- ANSWER-their reluctance to pay a commission
3 types of behaviour that can be displayed and encourage when in a negotiation -
ANSWER-Red, Blue and Purple
What color is recognized as representing a win-win behaviour - ANSWER-Purple
Two types of negotiation strategies are: - ANSWER-adversarial and interest-based.
Interest-based is recognized as - ANSWER-producing win-win results.
BATNA stand for-- - ANSWER-Best Alternative to a Negotiated Agreement
, BATNA is the best option if the current negotiation - ANSWER-fails
When conducting a negotiation, it would be considered prudent practice to: - ANSWER-
Ask effective questions
Explain the process to your client
Ask for a concession in return for giving one
A REALTOR must - ANSWER-take responsibility for what is conveyed to all parties and
prevent their personal opinions from causing the buyer and seller to dislike each other.
When counter-offering you should - ANSWER-avoid negotiating down to only one item -
if the only thing you are negotiating is price, you lose Leverage.
To maintain your reputation and gain the respect of all the parties in the negotiation, a
REALTOR should - ANSWER-Keep all appointments
Return calls in a timely manner
fulfill promises
Technology Tools to build your busines - ANSWER-About.me
City-Date.com
Google Alerts (www.google.com/alert)
Mention.net
Trulis.com
Zillow.com
Largest provided of E-forms? - ANSWER-ZipForm- Exclusive form software to NAR
When an agent use TBD in a contract - ANSWER-The contract will be void
property sold subject to Due diligence period - ANSWER-Time period to discover
defects and righet to seek to address concerns through mutual agreement.
If buyer fails to givetimely notice, buyer will have accepted property as is - ANSWER-
True
Property sold as is - ANSWER-Property sold withall faults. Sellerhaz no obligation to
make repair to property
Does not eliminate Arbitaion if not resolved.
And must be confidential - ANSWER-Mediation
Little delay ( is quicker), Maximum range-solutions and maintain/improve relationship
(preserve relationship) - ANSWER-Mediation
