EXAM WITH A COMPLETE STUDY GUIDE EXAM
QUESTIONS WITH VERIFIED SOLUTIONS NEW
MODIFIED TESTED AND GRADED A+ LATEST 2026
Reese and his staff have developed an engaging, action-oriented listing
presentation to present to potential sellers. Which component in the marketing
model does the listing presentation represent? --CORRECT ANSWER--
communicating
Personality type models should be used to ____________. --CORRECT
ANSWER--inform and understand
Sarina's firm primarily uses electronic marketing communications, including
emails, Twitter feeds, and Facebook posts. Which of the following marketing
tools might receive special attention? --CORRECT ANSWER--A hand-written
thank you note
A(n) ________________ is certain to save a brokerage money. --CORRECT
ANSWER--Culture of retention
Edgar and his management staff identified their work with real estate contracts
as a potential risk to the firm. If Edgar hires an attorney to review every contract
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,written in his office, which risk-handling strategy does this represent? --
CORRECT ANSWER--transfer
If you're going to take advantage of cloud computing to store sensitive client
information, you will need what security measures to protect the data? --
CORRECT ANSWER--Strong passwords, limited access, and virus protection
Cityville administrators are trying to control urban sprawl, but they still need to
plan for the growing population. They've revamped zoning laws to allow
residential units to be built on smaller lots, and multi-family housing to be built
in areas once zoned for single-family housing. Which real estate trend does this
describe? --CORRECT ANSWER--Increased density
Which of the following factors most directly determines the complexity of an
organization's operating structure? --CORRECT ANSWER--number of job
roles
Nat has a friend who's in the home construction business, and he says that in the
last six months, there's been an increased demand from developers to build
homes that are more energy efficient and use sustainable, non-toxic building
materials. What current market trend is this an example of? --CORRECT
ANSWER--Greener buyers
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,Which of the following is one of the IRS requirements for a real estate
brokerage worker to be classified as a statutory non-employee? --CORRECT
ANSWER--The individual and the employing broker have a written contract.
A broker is following a problem-solving process to handle a situation in which
one of her licensees has violated a brokerage policy. Which of these actions
must be part of the solution she pursues to resolve the problem? --CORRECT
ANSWER--Communication
Broker Sam has extended an offer to licensee Jane, who has accepted the offer.
Jane will work as an independent contractor for Sam. Based on this, which of
the following statements is true? --CORRECT ANSWER--Jane will need to fill
out a W-9 for IRS reporting purposes.
Independent contractors are required to fill out a W-9 for IRS reporting
purposes. Only actual employees are required to complete the W-4.
Population growth and decline in an area is usually the result of which type of
changes? --CORRECT ANSWER--Employment opportunities
Who in a brokerage firm should know the firm's code of ethics? --CORRECT
ANSWER--Everyone
How do government regulations impact a real estate brokerage? --CORRECT
ANSWER--By increasing liability (more to comply with)
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, Which of the following is one of the IRS requirements for a real estate
brokerage worker to be classified as a statutory non-employee? --CORRECT
ANSWER--The individual and the employing broker have a written contract.
the written contract must describe the real estate services that the individual will
perform and must explicitly state that the individual will not be treated as an
employee for federal tax purposes.
income statement might also be called the ________. --CORRECT ANSWER--
Statement of profit or loss
Charli is thinking about buying only liability insurance for the office building
she owns. She knows she'll have to pay for any damage to the building. What
factors should Charli consider in making this decision? --CORRECT
ANSWER--Her willingness and ability to withstand the risk posed by carrying
only liability insurance (risk tolerance)
Up the Hill Realty has purchased a contact list. New licensees at the brokerage
are asked to spend three hours a week cold-calling individuals on this list.
Which of these actions is NOT one they need to take before making these calls?
--CORRECT ANSWER--Create a fake phone number that individuals will see
on their caller ID.
Alison has written the mission and vision statements and defined objectives for
her up and coming brokerage business, Honesty Homes. Now it's time to set
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