CRP TEST BROKER MARKET ANALYSIS AND
STRATEGY WK 4 QUESTIONS & ANSWERS SOLVED
100% CORRECT!!
What is worldwide ERC Answer - Worldwide ERC Networks workforce mobility
professionals and HR innovators
Worldwide ERC promise 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?
Answer - BMA
How many times has the BMA form been revised? Answer - 3
In what years was the BMA form revised? 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:
, 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.
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. Answer - True
Who formulated the structure and content of the most recently revised BMA
form? 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. Answer - True
Focus groups, surveys, and field tested feedback were collected to ensure user
needs were addressed. Answer - True
The ERC BMA form was initially designed in 1989 to be used: Answer - In
conjunction with the appraisal process during a traditional homesale buy-out
The BMA looked at the property from the ___________ perspective. Answer -
Real Estate Broker's
Marketing assistance companies obtain the BMA as part of the effort to:
Answer - Locate a potential buyer for the transferee's home prior to the
homesale buy-out being implemented.
STRATEGY WK 4 QUESTIONS & ANSWERS SOLVED
100% CORRECT!!
What is worldwide ERC Answer - Worldwide ERC Networks workforce mobility
professionals and HR innovators
Worldwide ERC promise 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?
Answer - BMA
How many times has the BMA form been revised? Answer - 3
In what years was the BMA form revised? 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:
, 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.
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. Answer - True
Who formulated the structure and content of the most recently revised BMA
form? 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. Answer - True
Focus groups, surveys, and field tested feedback were collected to ensure user
needs were addressed. Answer - True
The ERC BMA form was initially designed in 1989 to be used: Answer - In
conjunction with the appraisal process during a traditional homesale buy-out
The BMA looked at the property from the ___________ perspective. Answer -
Real Estate Broker's
Marketing assistance companies obtain the BMA as part of the effort to:
Answer - Locate a potential buyer for the transferee's home prior to the
homesale buy-out being implemented.
