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TEXAS SAE REAL ESTATE BROKERAGE EXAM
2025 /LATEST VERSION WITH 100% CORRECT
ANSWERS/PASS ASSURED
Answer-Inaccurate competitive market analyses Which of these would be an advantage for the broker of hiring licensees as salaried employees, rather than as independent contractors on a commission-based compensation plan? – Correct Answer-Sales agents will probably make fewer errors as a result of more broker control and supervision. Which option best describes what an environmental impact statement is? - Correct Answer- It describes and analyzes a proposed action that may have a significant effect on the environment. When Andrew schedules a sales meeting at his brokerage, he prepares well in advance by.
- Correct Answer-Developing an agenda, talking points, visuals, and handouts What is a flat-fee pricing strategy? - Correct Answer-Clients are charged a pre-set feefor a pre-determined service. any active selling. A consistent disparity in listing versus selling prices may reflect. - Correct The Brendon Group is evaluating a new market and wants to know the market's cultural composition. That's likely because. - Correct Answer-The licensees don't do
Which of the following actions could compromise your security when meeting with acustomer for the first time in the field? - Correct Answer-Ignoring a lewd comment Alison is taking steps to become the owner of her own real estate brokerage, Honesty Homes. She and the two real estate professionals who will become her first employeesare drafting the firm's vision statement. Which of the following should be included? - Correct Answer-A statement of what the company's future results, achievements, and successes will be Commonly, the Federal Trade Commission will receive leads about a potential antitrust violation through which avenue? - Correct Answer-Hearing consumer complaints A leader who displays the quality of being a visionary is able to do what? - Correct Answer-Look ahead at trends to meet future market demands A coaching framework is useful at a brokerage because. - Correct Answer-It gives structure to the coaching process, which helps it be most effective Reese and his staff have developed an engaging, action-oriented listing presentation topresent 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 Rachel is subject to court-ordered supervision due to an antitrust violation. This oversight may continue for as long as. - Correct Answer- 10 years
this an example of?
- Correct Answer-Greener buyers 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-Byincreasing liability (more to comply with) 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 ofprofit 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 Charliconsider 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 some goals. Sheasks her
Growth Maturity Midlife The birth stage is characterized by a small scope of work, tight budget, and efficiency. - Correct Answer- The birth stage is characterized by a small scope of work, tight budget, and efficiency. Question 38 What is the best way for a brokerage to be culturally savvy? Advertise to a diverse segment of the community. Attend community events. Employ staff who are familiar with the customs, languages, and needs of people fromdifferent backgrounds and cultures in your community. Require all employees to take cultural diversity training. - Correct Answer-Employ staffwho are familiar with the customs, languages, and needs of people from different backgrounds and cultures in your community. Question 39 Which of the following is true about the security of your clients' information? Client data can be compromised if the brokerage's computer system is compromised.
Data security is one-size-fits-all. Poor record retention ensures data security. There is nothing a licensee can do to safeguard client data. - Correct Answer-Clientdata can be compromised if the brokerage's computer system is compromised. Which of the following business planning activities breaks the long-range plan down intosmaller tasks and identifies which segment(s) of the company are responsible for doing what? Market analysis Situational analysis Strategic planning Tactical planning - Correct Answer-Tactical planning is the most granular level of planning. Once the long-range plan has been broken down into smaller tasks, the management and staff are responsible for carrying out the tactics. Which of the following statements is true regarding risk identification? It involves analyzing the level of exposure associated with risks the firm faces. It involves reviewing every aspect of the firm's operations to determine what risks each poses. It's the final step in risk management. It's the process of categorizing financial risks of various investments. - Correct Answer-It involves reviewing every aspect of the firm's operations to determine what risks each poses. This essential feature of a business computer system allows communication within a brokerage and teleconferencing to remote locations, and allows staff to share files and folders stored on their hard drives with each other. Cloud computing Networking
Public recognition, such as at a sales meeting, of an associate's accomplishmentPublic reprimand, such as at a sales meeting, for inadequate performance Public recognition for accomplishments is a strong motivator for most people, while discipline and reprimands are much less effective. - Correct Answer-Public recognition,such as at a sales meeting, of an associate's accomplishment Question 46 Which of the following is essential software for most brokerages? Desktop publishing Financial management software Image editing Servers - Correct Answer-Financial management software Question 47 When comparing a leader to a manager, which of the following actions or traitsdemonstrates leadership? Being people-focused Being process-focused Directing Establishing policies and procedures - Correct Answer-There's always a little crossover between traits a leader and a manager must have, but typically, leaders are more focused on people; managers are more focused on policies and procedures. All commercial leases should contain the conditions under which the lease can be terminated; the names and signatures of all parties; and. A clause determining who will pay to have an attorney review the agreement
A list of repairs the landlord needs to make to the property before the tenant can move in Any additional information based on negotiations and specific situations Restrictions as to utilities use - Correct Answer-Any additional information based on negotiations and specific situations Question 49 Ginny counters Tom's offer of $250,000 for her house, asking for $255,000. Ginny's agent sends the counteroffer to Tom's agent. Tom is out of town for the week and can'tbe reached. On Tuesday, Ginny decides to revoke her counteroffer and instead ask for $260,000. Can she do this? No, because Ginny can't write two counteroffers. No, because Tom's agent has Ginny's first counteroffer. Yes, because she didn't write the original offer. Yes, because Tom hasn't accepted the first counteroffer. - Correct Answer-Yes, because Tom hasn't accepted the first counteroffer. Question 50 Tyrone started a job in the sales department of a large firm. In an organizational chart,his department is shown alongside many others. Departments are run as teams with individuals at all levels responsible for making business decisions. What type of organizational structure is this? Centralized Decentralized Monolithic Vertical - Correct Answer-decentralized
What's the purpose of a firewall? It backs up your files to an external hard drive. It encrypts your email. It prevents hackers from infecting your system with viruses, worms, and malware.It stores logins and passwords. - Correct Answer-hacking Question 56 When working with a developer who's purchasing undeveloped land for a new subdivision, ABC Realty stipulates in the contract that in order to purchase the undeveloped land, the developer must purchase grading services from Bulldozers-R-Us. Which antitrust violation is this? Group boycotting Market allocation Price fixing Tie-in arrangement - Correct Answer-Tie-in arrangement Question 57 A sales associate's ability to work most effectively is affected by five factors. These arethe physical and technical environment, communication, knowledge and skills, motivation, and . Emotional intelligence Organizational effectiveness Organization's size The real estate market The business model and the organization's mission, vision, goals, and values are the foundation
that the sales associate must work within, so organizational effectiveness is one of the five factors that affect performance. - Correct Answer-organizational Effectiveness Question 58 Which of the following statements is true regarding real estate licensing requirements?A person assisting a friend in selling a home must have a real estate license, even when no compensation is given. A person must have a real estate license in order to research a property that's for sale.A person selling a home as 'for sale by owner' must have a real estate license. A person who receives a $50 gift certificate for performing real estate activities on a friend's behalf must have a real estate license. - Correct Answer-A person who receivesa $50 gift certificate for performing real estate activities on a friend's behalf must have a real estate license. Question 59 Charli has chosen to purchase only liability insurance on the office building she owns.Which of the following combinations of risk handling is she using? Acceptance and avoidance Avoidance and mitigation Mitigation and transfer Transfer and acceptance - Correct Answer-Transfer and acceptance Which of the following is a lagging economic indicator? Consumer confidence index Consumer inflationary index Consumer price index Gross domestic product - Correct Answer-GDP
implement business plan include the lack of time, money, and talent. Which of the following actions can licensees take related to signs?They can only place signs on property they own. They can place signs on an owner's property with the owner's written consent. They can place signs on properties for which they are the listing agent, with or withoutthe owner's permission. They can't place signs anywhere. - Correct Answer-They can place signs on properties for which they are the listing agent, with or without the owner's permission. Which two agencies enforce antitrust laws? Department of Justice and the Department of State Federal Trade Commission and Department of Justice
Federal Trade Commission and Department of State United Nations and Federal Communications Commission - Correct Answer-FederalTrade Commission and Department of Justice Rogelio is preparing a sales contract form for his buyers. He's leaving those areas thatdon't pertain to this transaction blank. Is this correct? No, because Rogelio didn't ask his clients for permission to leave those areas blank. No, it's best not to leave any area of a contract blank. Yes, anything written in those areas would confuse the issue.Yes, if they don't apply. Rogelio should put the words "not applicable" or the abbreviation "N/A" in any area of the contract that's not relevant to a particular transaction. - Correct Answer-No, it's bestnot to leave any area of a contract blank. Rogelio should put the words "not applicable" or the abbreviation "N/A" in any area ofthe contract that's not relevant to a particular transaction. Which of the following statements about buyer representation is true? An exclusive agency relationship offers the buyer the highest level of representation, butrestricts the buyer's right to self-represent. An exclusive right-to-represent relationship offers a buyer the lowest level ofrepresentation, and affords the buyer the greatest amount of autonomy. An open agency relationship gives the buyer flexibility, but limits the amount ofrepresentation received from any one professional. Open agency, exclusive agency, and exclusive right to represent all support a buyer'sright to self-represent. - Correct Answer-An open agency relationship gives the buyerflexibility, but limits the amount of representation received from any one professional. Open agency offers
Each person will have a personal desk space.It's easier to conduct sales meetings. The employees have the option of working from home. You can spend more time with employees. - Correct Answer- Who has the most valuable information about your firm's operations to assist inidentifying potential risk? Risk management consultants You and your staff Your attorney Your financial experts - Correct Answer-You and your staff Remembering the acronym can help you remember the fiduciary duties an agent owes to a client. ARMOR CANDOR FARMOR - Correct Answer-OLD CAR Remember the acronym OLD CAR. It stands for the duties of obedience, loyalty,disclosure, confidentiality, accounting, and reasonable skill and care. A market analysis of the economic, , and competitive business environments should all be part of planning a new business. CCI GDP Regulatory Sales data - Correct Answer-regulatory An analysis of the market includes a thorough
evaluation of three key environments: economic, regulatory, and business. Which of the following agencies dictates records retention requirements?Local association of REALTORS® NAR® The IRS Your local MLS - Correct Answer-The IRS IRS dictates the retention of financial records, while states regulate the retention oftransaction records. Question 41 To prevent issues with computer systems, a brokerage should concentrate on . Having a small and manageable computer systemHiring a systems specialist Software updates, antivirus scans, and software and utility scans System damage and replacement plans - Correct Answer-Software updates, antivirusscans, and software and utility scans Three key areas brokerages should concentrate on for system maintenance include software updates, antivirus scans, and software and utility scans. Which of the following should your contingency files contain? - Correct Answer-copiesof insurance policies and licenses Stating or implying that property values may deteriorate because members of a specificclass are moving into or out of a neighborhood is called. Blockbusting - Correct Answer-Blockbusting, or panic peddling, is the term used for trying to
