TEXAS SAE REAL ESTATE INVESTMENT 2 LATEST
VERSIONS (VERSIONS A & B) ACTUAL EXAM 300 REAL
EXAM QUESTIONS AND CORRECT DETAILED ANSWERS
WITH RATIONALES (VERIFIED ANSWERS)|ALREADY
GRADED A+
A broker is concerned about the listing they have. They worry that the neighborhood
is too noisy for the buyers. To make matters worse, they just got notice that their
other listing still hasn't had any showings. The broker wonders how they can get
more eyes on the listing.This situation best illustrates which of the four elements of
marketing? - ANSWER: Place and Promotion - The noisy neighborhood is a place
concern because the property can't be moved. The lack of interest in the other listing
is a promotion concern. The broker needs to change up how the listing is promoted.
Why would a real estate agent perform market research? - ANSWER: To increase the
effects of their marketing efforts
A brokerage conducts an analysis to determine what kind of specific phrasing and
language homebuyers will respond to best during a showing.What type of analysis is
this? - ANSWER: Inferential
Your brokerage regularly compiles and analyzes data from the US Census Bureau, as
well as other public sources. They use this to provide market research materials to
the brokerage. What kind of research is the brokerage conducting? - ANSWER:
Secondary Research
A decrease in the dollar's purchasing power is called: - ANSWER: Inflation
If an agent is comparing a home with a pool to the subject property (which has no
pool) the agent will: - ANSWER: Subtract the pool's price value from the comparable
property's sales price
In a seller's market, what is a good pricing strategy? - ANSWER: Underpricing
An "up and coming" market has been rapidly increasing in value. As prices go higher
and higher, the amount of inventory sitting on the market is growing, and properties
are taking longer to sell. What could you reasonably conclude about what this
market will do in the near term? - ANSWER: Prices are likely to top out soon and may
even lower slightly as the market adjusts
What is one of the most common reasons properties don't sell? - ANSWER:
Overpricing
Which of these sellers would most likely benefit from a pre-inspection? - ANSWER:
Someone who has owned the home for a LONG time.
, A property you're representing has not gotten much interest the first two weeks it's
been on the market, and you and the homeowner decide to drop the price. What is
the ideal price adjustment? - ANSWER: Enough that you don't have to adjust again
How much of a price reduction should you recommend in a hot market if the home is
not selling quickly? - ANSWER: 3-5%
Dingxiang is a seller's agent in a hot seller's market. When it comes to his properties,
it is a good practice to: - ANSWER: list at a higher, more aggressive price
Number one complaint of dissatisfied real estate consumers - ANSWER: Lack of
Communication
Your seller client is willing accept an offer to purchase for less money than your
buyer client is offering to pay to purchase. Do you tell the buyer client they could
offer less money? - ANSWER: No, because you represent your clients interests
In order to attract clients that are within a younger age segment, what are the
strengths of your company that you will likely want to share with them? - ANSWER:
Up to date facilities & being tech savy
What are some of the units of measurement that can help you determine the
effectiveness of your marketing efforts? - ANSWER: Avg Monthly Sales, Commission
Total, Lead Conversion Rate
Marcus makes a website for a luxury home that he is selling. It includes photos, a
virtual tour, brochures, financing information, a map of the neighborhood, and all of
Marcus' other promotional material for this home. This is known as a: - ANSWER:
Single Property Website
"Absolutely beautiful. Wonderful location with room to grow and invest. 3 bedroom,
2 full baths, lots of light, with McGuffin Park across the street." McGuffin Park is 1.5
miles away. The phrase about McGuffin Park is an example of: - ANSWER:
Misrepresentation
What are some of the things a senior client may be looking for when buying a home?
- ANSWER: Proximity to friends and family
Abigail and Nate are new homebuyers, so they're unfamiliar with the home buying
process. Which of these steps are not recommended as you help them find a home?
- ANSWER: Advise them to pre-purchase appliance and furniture so they're ready to
move
You often use a multi-modal approach when communicating with clients. What does
this mean? - ANSWER: You use a variety of methods of communication and adjust
your approach to the client
VERSIONS (VERSIONS A & B) ACTUAL EXAM 300 REAL
EXAM QUESTIONS AND CORRECT DETAILED ANSWERS
WITH RATIONALES (VERIFIED ANSWERS)|ALREADY
GRADED A+
A broker is concerned about the listing they have. They worry that the neighborhood
is too noisy for the buyers. To make matters worse, they just got notice that their
other listing still hasn't had any showings. The broker wonders how they can get
more eyes on the listing.This situation best illustrates which of the four elements of
marketing? - ANSWER: Place and Promotion - The noisy neighborhood is a place
concern because the property can't be moved. The lack of interest in the other listing
is a promotion concern. The broker needs to change up how the listing is promoted.
Why would a real estate agent perform market research? - ANSWER: To increase the
effects of their marketing efforts
A brokerage conducts an analysis to determine what kind of specific phrasing and
language homebuyers will respond to best during a showing.What type of analysis is
this? - ANSWER: Inferential
Your brokerage regularly compiles and analyzes data from the US Census Bureau, as
well as other public sources. They use this to provide market research materials to
the brokerage. What kind of research is the brokerage conducting? - ANSWER:
Secondary Research
A decrease in the dollar's purchasing power is called: - ANSWER: Inflation
If an agent is comparing a home with a pool to the subject property (which has no
pool) the agent will: - ANSWER: Subtract the pool's price value from the comparable
property's sales price
In a seller's market, what is a good pricing strategy? - ANSWER: Underpricing
An "up and coming" market has been rapidly increasing in value. As prices go higher
and higher, the amount of inventory sitting on the market is growing, and properties
are taking longer to sell. What could you reasonably conclude about what this
market will do in the near term? - ANSWER: Prices are likely to top out soon and may
even lower slightly as the market adjusts
What is one of the most common reasons properties don't sell? - ANSWER:
Overpricing
Which of these sellers would most likely benefit from a pre-inspection? - ANSWER:
Someone who has owned the home for a LONG time.
, A property you're representing has not gotten much interest the first two weeks it's
been on the market, and you and the homeowner decide to drop the price. What is
the ideal price adjustment? - ANSWER: Enough that you don't have to adjust again
How much of a price reduction should you recommend in a hot market if the home is
not selling quickly? - ANSWER: 3-5%
Dingxiang is a seller's agent in a hot seller's market. When it comes to his properties,
it is a good practice to: - ANSWER: list at a higher, more aggressive price
Number one complaint of dissatisfied real estate consumers - ANSWER: Lack of
Communication
Your seller client is willing accept an offer to purchase for less money than your
buyer client is offering to pay to purchase. Do you tell the buyer client they could
offer less money? - ANSWER: No, because you represent your clients interests
In order to attract clients that are within a younger age segment, what are the
strengths of your company that you will likely want to share with them? - ANSWER:
Up to date facilities & being tech savy
What are some of the units of measurement that can help you determine the
effectiveness of your marketing efforts? - ANSWER: Avg Monthly Sales, Commission
Total, Lead Conversion Rate
Marcus makes a website for a luxury home that he is selling. It includes photos, a
virtual tour, brochures, financing information, a map of the neighborhood, and all of
Marcus' other promotional material for this home. This is known as a: - ANSWER:
Single Property Website
"Absolutely beautiful. Wonderful location with room to grow and invest. 3 bedroom,
2 full baths, lots of light, with McGuffin Park across the street." McGuffin Park is 1.5
miles away. The phrase about McGuffin Park is an example of: - ANSWER:
Misrepresentation
What are some of the things a senior client may be looking for when buying a home?
- ANSWER: Proximity to friends and family
Abigail and Nate are new homebuyers, so they're unfamiliar with the home buying
process. Which of these steps are not recommended as you help them find a home?
- ANSWER: Advise them to pre-purchase appliance and furniture so they're ready to
move
You often use a multi-modal approach when communicating with clients. What does
this mean? - ANSWER: You use a variety of methods of communication and adjust
your approach to the client
