TEXAS REAL ESTATE BROKERAGE SAE FINAL EXAM AND PRACTICE EXAM NEWEST 2024 ACTUAL EXAM 450 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

1 | P a g e TEXAS REAL ESTATE BROKERAGE SAE FINAL EXAM AND PRACTICE EXAM NEWEST 2024 ACTUAL EXAM 450 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ TEXAS REAL ESTATE BROKERAGE SAE FINAL EXAM 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 employees are drafting the firm's vision statement. Which of the following should be included? - 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? - ANSWERHearing consumer complaints A leader who displays the quality of being a visionary is able to do what? - ANSWER- Look ahead at trends to meet future market demands A coaching framework is useful at a brokerage because ______. - ANSWER- It gives structure to the coaching process, which helps it be most effective 2 | P a g e Rachel is subject to court-ordered supervision due to an antitrust violation. This oversight may continue for as long as ______. - ANSWER- 10 years Reese and his staff have developed an engaging, action-oriented listing presentation to present to potential sellers. Which component in the marketing model does the listing presentation represent? - ANSWERcommunicating Personality type models should be used to ____________. - ANSWERinform and understand Sarina's firm primarily uses electronic marketing communications, including emails, Twitter feeds, and Facebook posts. Which of the following marketing tools might receive special attention? - ANSWERA hand-written thank you note A(n) ________________ is certain to save a brokerage money. - ANSWER- Culture of retention Edgar and his management staff identified their work with real estate contracts as a potential risk to the firm. If Edgar hires an attorney to review every contract written in his office, which risk-handling strategy does this represent? - ANSWER- transfer If you're going to take advantage of cloud computing to store sensitive client information, you will need what security measures to protect the 3 | P a g e data? - ANSWER- Strong passwords, limited access, and virus protection Cityville administrators are trying to control urban sprawl, but they still need to plan for the growing population. They've revamped zoning laws to allow residential units to be built on smaller lots, and multi-family housing to be built in areas once zoned for single-family housing. Which real estate trend does this describe? - ANSWER- Increased density Which of the following factors most directly determines the complexity of an organization's operating structure? - ANSWER- number of job roles Nat has a friend who's in the home construction business, and he says that in the last six months, there's been an increased demand from developers to build homes that are more energy efficient and use sustainable, non-toxic building materials. What current market trend is this an example of? - 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? - 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? - ANSWER- Communication 4 | P a g e 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? - 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? - ANSWER- Employment opportunities Who in a brokerage firm should know the firm's code of ethics? - ANSWER- Everyone How do government regulations impact a real estate brokerage? - ANSWER- By increasing 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? - 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.