Real Estate Marketing Power House Training 54 Questions with Verified Answers,100% CORRECT

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Real Estate Marketing Power House Training 54 Questions with Verified Answers Geographic farm - CORRECT ANSWER An area of neighborhoods or subdivisons that is serviced by your firm. Marketing pl... an - CORRECT ANSWER A plan by which you develop to gain name recognition A plan by which you develop to gain name recognition - CORRECT ANSWER Becoming different in your approach through growth and development Economic farm - CORRECT ANSWER All the properties in a particular price range, in the area your firm services Hot buttons - CORRECT ANSWER Words or content by which top producers are using to be successful. Which of the following is not a method for selecting a farm area that is discussed in the text? - CORRECT ANSWER Choose an area near your office, Research the average list and sales prices for an area,Find out where your fellow agents are farming 1. The average turnaround response for mailers is - CORRECT ANSWER 1% A brokerage needs to download the updated Do-Not-Call Registry at least every ____ days. - CORRECT ANSWER 31 Days Most people have a sphere of influence of at least ___150____ people - CORRECT ANSWER 150_ A workable farm should contain between _____ and ______ houses - CORRECT ANSWER 500 The primary market of buyers today is the to ___-year-old range. - CORRECT ANSWER 25-79 You should try to call at least __ ____ people per day from your sphere of influence and rotate alphabetically - CORRECT ANSWER 5 When marketing to the GI generation, you should use at least _______ type on your marketing materials. - CORRECT ANSWER 12 point Prospecting - CORRECT ANSWER The act of searching for clientele Short-term goal - CORRECT ANSWER A goal that ranges from several months to a year Mission statement - CORRECT ANSWER An announcement of a company's long term goals The average prospect to sales ratio is ____ prospects to 1 sale - CORRECT ANSWER 25 6. Long-term goals range from ___ to ___ years or more - CORRECT ANSWER 5-10 years Mission Statement - CORRECT ANSWER Mission statements are powerful when they describe what the company does and why Besides personal referrals, ________ can be a good source of business for your real estate sales. - CORRECT ANSWER Farming, Networking, Open Houses Goals should be attainable, flexible, and __________. - CORRECT ANSWER Measurable Conventional Loans - CORRECT ANSWER Loans which are neither insured nor guaranteed by the federal government Buyer Representation Agreement - CORRECT ANSWER This agreement, in effect, "lists" the buyer as your client hud.gov - The U.S. Department of Housing and Urban Development - CORRECT ANSWER offers buyers, especially first-time homebuyers, several helpful links that answer questions about homebuying programs in different states, borrower's rights and predatory lending, as well as Shopping for a Home Joel makes $96,500 gross yearly salary. He has no other sources of income. He is applying for a conventional loan. Using the front ration (28%), what is his maximum monthly house payment? - CORRECT ANSWER Rationale: $96,500/12 = 8041.67 x 28% = $2,251.67 or $2,252. Buyers feel that they can confide in their agents because of the agent's _______. - CORRECT ANSWER duties of confidentiality and loyalty FRONT RATION - CORRECT ANSWER 28% OF MONTHLY INCOME BACK RATION - CORRECT ANSWER 36% OF MONTHLY INCOME Senate Bill 489 - CORRECT ANSWER Subagency disclosures are more stringent due to this law Listing agreement - CORRECT ANSWER An employment contract used by sellers to employ a real estate broker, or brokerage firm, to find a buyer for their property Subagency - CORRECT ANSWER When a license holder is not associated with the seller's broker but is representing the seller through a cooperative agreement with the seller's broker. The act of removing outdated wallpaper and painting over unusual wall colors is referred to as __________. - CORRECT ANSWER Neutralizing Code of Ethics - CORRECT ANSWER Highly regarded as a model for ethical conduct, that it became the basis for real estate license laws in many cases Fiduciary - CORRECT ANSWER . A real estate broker or sales agents, while acting as an agent for another TREC - CORRECT ANSWER The commission that all license holders in Texas are required to adhere to the provisions of Jurisdiction - CORRECT ANSWER The power TREC has to make legal decisions and judgment Reprimand - CORRECT ANSWER A disciplinary action that can be warranted by the grievance panel STATE LAW - TRELA AND RULES OF THE COMMISSION (ETHICS) - CORRECT ANSWER The Texas Real Estate Commission has included the Canons of Professional Ethics and Conduct for real estate license holders in the Rules of the Commission. Scrupulously - CORRECT ANSWER is defined as acting in strict regard for what is considered right or proper; punctiliously exact; painstaking. Meticulously - CORRECT ANSWER is defined as marked by extreme or excessive care in the consideration or treatment of details; careful. Which of the following is discussed in the text as a factor that can shape a person's sense of morality? - CORRECT ANSWER School experience The Code of Ethics and Standards of Practice is designed for _______ to adhere to. - CORRECT ANSWER REALTORS® Where can you find the Canons of Professional Ethics and Conduct for real estate license holders? - CORRECT ANSWER Rules of the Commission Who belongs to the National Association of Realtors? - CORRECT ANSWER Property managers, Brokers, Residential Sales Agents Transaction - CORRECT ANSWER A process that begins after the terms of the contract have been negotiated and it has been signed Negotiation - CORRECT ANSWER Every aspect of real estate requires this skill including commissions, listing agreements, buyer agreements, etc. Promulgated Contracts - CORRECT ANSWER . Forms that stipulate that possession be delivered to the buyer upon closing Which of the following should you consider before you negotiate for a seller? - CORRECT ANSWER Consider time constraints for both buyer and seller During the closing, the seller wil sign a(n) ________ certifying that he or she is the person he/she is claiming to be, giving the legal authority to grant title. - CORRECT ANSWER affadavit of identity A _________ should be someone that you wish to emulate and that espouses the level of success and philosophy that you respect. - CORRECT ANSWER mentor What does GRI stand for? - CORRECT ANSWER Graduate REALTOR® Institute GRI - CORRECT ANSWER A desgination class to gain the necessary knowledge to apply methods, tools, and techniques to provide support and services that sellers want. SRS - CORRECT ANSWER A desgination class to gain the necessary knowledge to apply methods, tools, and techniques to provide support and services that sellers want. Certified Residential Specialist (CRS), - CORRECT ANSWER provides very valuable courses and hires nationally recognized speakers to cover topics specifically related to increasing your production. [Show More]

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