TEXAS REAL ESTATE BROKERAGE SAE LICENSE EXAM ACTUAL EXAM 300 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES|ALREADY GRADED A+

TEXAS REAL ESTATE BROKERAGE SAE LICENSE EXAM

2023-2024 ACTUAL EXAM 300 QUESTIONS AND CORRECT

DETAILED ANSWERS WITH RATIONALES|ALREADY

GRADED A+

Jorge works at a firm where elected officers govern the affairs of the

organization, while a licensed broker, Shonda, is directly responsible for

the real estate transactions. The officers and Shonda are responsible to a

large number of stockholders. What type of legal structure is this? -

ANSWER- Corporation

Broker Allen just had a licensee leave work screaming obscenities and

shouting about a dispute with another licensee. Allen needs to use one of

his leadership qualities and act ______ to take care of the situation

without undue delay. - ANSWER- Decisively

The ______ component involves trading value for your offerings. -

ANSWER- Exchanging

What is the purpose of tracking industry and economic trends? -

ANSWER- To provide information about external events that might

impact the brokerage

Which of the following actions can licensees take related to signs? -

ANSWER- They can place signs on an owner's property with the

owner's written consent

What is the relationship between a policies and procedures manual and

the broker's obligation to supervise agents? - ANSWER- Brokers who

enforce policies and procedures outlined in an effective PPM proof of

efforts to properly train and supervise agents.

The new worker orientation at a brokerage should do which of the

following? - ANSWER- Describe the behaviors expected of the

brokerage's affiliates or employees.

Which of the following brokerage value is most important to a licensee

who wants to thrive at that brokerage? - ANSWER- Values that matches

the licensees values

What question does determining potential return on investment answer -

ANSWER- What's it worth?

Shayla periodically reviews her brokerage's long-range business plan.

What benefits to the brokerage can she expect to see in the future? -

ANSWER- She can update the brokerage processes or projections in a

timely manner.

One of the least expensive bus most effective marketing techniques is to

- ANSWER- Provide superior service tot eh clients and customers.

Which of the following is a good reason to merge with or acquire

another company - ANSWER- To form a large company that is more

competitive.

What does longevity mean in relation to your business name? -

ANSWER- What her it will serve your purpose for a considerable length

of time

Which of the following is an industry trend that a brokerage -

ANSWER- Average days on market

Expenses may be listed on the income statement either in order from

largest to smallest or? - ANSWER- Based on the order they are listed on

the general ledger

Which of the following statements is true regarding real estate licensing

requirements - ANSWER- A person who receives a $50 gift certificate

for performing real estate activities on a friends behalf must have a real

estate license

Which of the following statement about enforcing a firms code of ethics

id true? - ANSWER- There should be consequences for violating the

firms code of ethics and these consequences should be communicated

and documented.

Supporting the company mission can be a common goal for a licensees,

which is a strategy that helps______ - ANSWER- Create a strong team

dynamic

Which statement most accurately describes the licensees responsibility

related to written offers on a listing according to the NAR code of ethics

and standard practice? - ANSWER- All formal written offers received

by the licensee must be presented to the owner until closing or execution

of a lease unless the client waives this obligation in writing.

Tangible or intangible items that a firm owns are - ANSWER- Assets

What market indicator is expressed as the number of months it takes to

sell homes in at the current rate of sells. - ANSWER- Inventory rates

What is the role of the equal employment opportunity commission? -

ANSWER- To enforce the anti-discrimination laws that cover most

businesses with 15 or more employees

Most business plans include a synopsis of the plan as a whole, designed

to be read by share holders, lenders and other third parties with an

interest in learning about the organisation. What is the synopsis called? -

ANSWER- Executive summary

Which of these should a brokerage independent contractor agreements

include? - ANSWER- An indication that the worker wont be treated as

an employee.