Post Broker Course Part 1
Which of the following do most business experts recommend to keep on hand?
At lease 3 months of expenditures
What is it called when 2 or more business conspire against another to damage the competition?
Group Boycotting
Which standard of practice would provide the best level of data system security?
Have employee use strong passwords and change them every 2 months
Suggested Techniques to avoid cross country?
Having a diverse group read the script prior to release
All of the following are tactics that some Real Estate professionals have tried to get around, Except
Listing a property as is with a seller disclosure with all known material defect.
In regards to branch offices what is each active brokers required to have?
Maintain an office on one enclosed room in a building of stationary construction
Which of the following statements best describes today's Real Estate market?
Many part time brokers brokers are leaving the real estate ranks due to the increasing complex legal issues, technological requirements and cost.
The FLSA determines all of the following rules related to real estate brokers employees? Except
Not a discriminatory employment practice
According to the BLS part time is considered how many hours?
1-34 hours per week
What percentage of Real Estate Brokers previously worked as a Real Estate Associates?
100%
After how many hours per week that is overtime pay employees for non exempt employees?
40 hours
How long is a broker required to maintain the listing agreements?
5 years
Which of the following guidelines is recommended when placing a bill board?
7 or Fewer Words
What form of business growth is quicker and cheaper and far less risky than expanding marketing and sales effort?
Acquisition
Which personality is least liked to exhibit autocratic management style?
Amiable
Typically all of these items are included in an escrow account investigation except?
Automobile Leasing Recods
All of the following are recommended marketing techniques? Except
Bandit Signs
Who has legal control of the escrow deposit after the offer has been accepted?
Both the Buyer and the Seller
A broker who is concerned with improving employee work performance and facilitating professor development is what type of coach?
Business Coach
Under what major topic does a brokers mission, vision, and values?
Business Philosphy
Which of the statements best describes long time loans?
Capital Improvements
Which of the following items are not considered as collateral for a loan?
Credit Report
What 2 main sources does a broker have when a broker needs to borrow money?
Debt and Equity
All of the following actions constitute deceptive trade practices under the 1966 Uniform Deceptive Trade Practice Act, Except
Engaging in Price Fixing in conjunction with other brokers
All of these are common violations identified during brokerage office inspections administered by the division of real estate, EXCEPT
Fire Escape Route
What type of skill is required the amount of debt to establish a responsible repayment plan?
Fiscal Responsibility Skills
Which statue division administers the provision of ...relating to real estate sales associates, brokers and real estate appraisers??
Florida Statue 475
When a sales associates receives a escrow deposit when do they need to give it to the broker?
Following business day
Which section of the business plan describes the marketing approach when carrying out the business plan?
Implementation Strategy
What is the term given to an employee who refuses to perform a task?
Insubordination
What type of leader give little directions and provides feedback when prompted by team members?
Laissez-Faire
Which of the following is required by Respa?
Lenders provide greater amounts of information to prospective borrowers at certain points in the loan settlement process.
Research suggest that company leaders are the #1 single factor that influence organization ethics given this statement how can the broker influence ethical behavior on a daily basis?
Moral
Which of the following is a personality type based job assessment tool that is used to identify?
Myers Briggs
What group of funding sources are available to the Rural Economic and Community Development Agency?
NON FARMING business in rural areas
What document indicates that a building complies with zoning and Building laws?
Occupancy Permits
What name is given to the training strategy when a new agent shadows a veteran agent?
On the job training
Which brokerage office employee would most likely be classified as nonexempt employee?
One who is paid any time over 40 hours in a given work
Real Estate studies have determined that 90% of potential home buyers which tool do they use?
Online Research
For an individual and Independent Contractor what must the payor control?
Only the end result of the work but not what or how it will be done
What first source of funding will come from the brokers own resources?
Personal Savings, stocks, bonds and real property
All of the following would be a good strategy for retirement planning for a self employee broker, Except:
Planning on corporate retirement and/or Social Security
What are the 3 phases of a marketing plan?
Planning, Implementation and Control
What is called when competitors agree to set prices within a price range?
Price Fixing
Which statement is correct of Registered Sales Associates
Sales Associates must be registered from and work out of an office that is maintained and registered in the name of the broker or employer.
All of the following options are effective business divestment strategies except:
Tax Sales
What mechanism managed by the FTC gives consumers to limit the calls they receive?
The National Do Not Call Registry
Which statement best characterized of the success of business start up?
The majority of business startups fail within the first 18 months of operation.
Which of the full statement best describes the concept of risk management?
The practice of identifying potential risk in advance analyzing them and taking precautionary steps to reduce them.
What type of risk management technique eliminates hazard by disc activities that require risk?
risk avoidance