NEWEST ACTUAL QUESTIONS AND
COMPLETE REVISED ANSWERS WITH A GUARANTEED
PASS
________ law is predominately a state law that impacts brokerages. - CORRECT ANSWER
>>>License
Which of the following gives employers the right to hire and fire people with or without a
reasonable cause? - CORRECT ANSWER >>>The doctrine of employment-at-will
Milly has been coaching Laura, one of her licensees, for several months. Laura has a
professional development plan with specific action steps. On this day, Milly takes a few minutes
to ______ as part of the coaching process. - CORRECT ANSWER >>>Check in with Laura and
see how her action steps are coming along
Who's generally held liable for a licensee's misconduct? - CORRECT ANSWER >>>Both the
licensee and the broker
When selecting office space, a broker-owner must consider the Americans with Disabilities Act.
The ADA requires that office space include what? - CORRECT ANSWER >>>Accommodations
that will enable a person with a disability to access services
A brokerage would do well to adopt a ______ attitude toward its community. - CORRECT
ANSWER >>>"We Care"
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,Which phase of the business life cycle is characterized by a small scope of work, a tight budget,
and an efficient operating structure? - CORRECT ANSWER >>>Birth
Hiring from within may boost morale because ______. - CORRECT ANSWER >>>It gives staff
something to work toward
The ______ component involves trading value for your offerings. - CORRECT ANSWER
>>>Exchanging
Sherman is a listing agent. At what point is he no longer obligated to present offers to his seller
client? - CORRECT ANSWER >>>The sale has closed
Which factor should be considered when evaluating the competition in a given market area? -
CORRECT ANSWER >>>Market share
Which of the following is a reason a brokerage may choose to implement its own code of
ethics? - CORRECT ANSWER >>>To impose stricter guidelines than national or state codes
Acme Realty and Ronco Realty are merging and need to create a transition plan. What's the
purpose of the transition plan? - CORRECT ANSWER >>>To manage the merger more
smoothly
Bryan and Nancy are selling a home. They were excited when they discovered that the
appraiser assigned to appraise their home is an old friend. Carly, the buyer's agent, is surprised
when the appraised value comes in considerably higher than the competitive market analysis
she prepared. Carly is concerned that this might be an example of ______. - CORRECT
ANSWER >>>Mortgage Fraud
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, Mark is the listing agent for a home owned by the Browns. At the open house, a colleague,
Brandon, indicates that he has a buyer for the Browns' home. Mark has had numerous
interactions with Brandon on other listings, and found that they don't get along. He really
doesn't want to work with him on this deal. In order to behave ethically, what can Mark do? -
CORRECT ANSWER >>>Cooperate with Brandon because it's in the best interest of his clients
What type of analysis can help you decide what office systems are best for your brokerage? -
CORRECT ANSWER >>>Market analysis
Inaccurate buyer qualification processes may contribute to rocky conditions on the way to
closing. Which of the following is another external factor that may delay or endanger the
closing? - CORRECT ANSWER >>>Cumbersome closing regulations or settlement procedures
A market with fewer competitors would mean that you would have a(n) ______ market share
than in the same market with more competitors. - CORRECT ANSWER >>>Larger
Which of the following is a good way to ensure safety and security of properties listed by your
brokerage? - CORRECT ANSWER >>>Keep keys locked in a secure location
Dan is considering the hardware and software needs of his brokerage. His sales staff is virtual,
and will use the office as a service center and to meet with clients. Which of the following
hardware considerations is especially important due to the virtual nature of his employees? -
CORRECT ANSWER >>>Wireless routers
Broker Andrea likes her licensees to support each other as a team. When she notices that Brad
seems to have a habit of belittling other peoples' accomplishments, she wants to change that
behavior and protect the team dynamic. Which one of the following actions would be best for
Andrea to take? - CORRECT ANSWER >>>Explain to Brad how his behavior affects the group,
and ask him how he could change that habit
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