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