Which of these groups of protected classes is included in the NAR Code of Ethics' definition of discriminatory behavior?
National origin and religion
... [Show More] only
Race and color only
Race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity
Sex, age, and marital status only - ANSWER -Race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity
What should be the primary consideration in office configuration?
Amenities
Current trends
Food service
Productivity - ANSWER -Productivity
A (n) ______ compensation philosophy ties compensation level to the employee's length of service.
Entitlement
Performance
Production
Timed - ANSWER -Entitlement
Cam is a broker. His licensees, Jane and John, represent two sides in a single transaction. Jane represents the seller; John represents the buyer. What relationship does Cam have to the buyer and the seller?
Cam is a designated agent to both the buyer and seller.
Cam is a designated agent to the buyer and a dual agent to the seller.
Cam is a designated agent to the seller and a dual agent to the buyer.
Cam is a dual agent to both the buyer and seller. - ANSWER -Cam is a dual agent to both the buyer and seller.
Which component of a business plan document is written last but is likely the first thing lenders and investors will read?
Company description
Executive summary
Market analysis
Objectives, goals, and strategies - ANSWER -Executive summary
When broker Avery reviews her transaction files, she learns that the average days on market for her firm's listings is around 59. However, the average days on market in her geographical region is 25. Which of the following factors could be the cause of this difference in average days on market?
Accurate competitive market analyses
Dissatisfaction with the brokerage
Low inventory and high demand
Poor property condition - ANSWER -Poor property condition
Which organization includes as part of its mission the goal of helping members become more profitable and successful?
Minority Real Estate Professionals of America (MREPA)
National Association of Hispanic Real Estate Professionals (NAHREP)
National Association of Real Estate Brokers (NAREB)
National Association of REALTORS® (NAR) - ANSWER -National Association of REALTORS® (NAR)
Lilith is a broker who offers her agents a 100% commission. Which of the following is a potential problem for her with this compensation plan?
She has less control over her agents' activities due to their level of experience.
She may owe more taxes than she can afford to pay.
She's required to supervise her licensees more closely because of their level of experience.
She's responsible for paying her agents even when they aren't producing. - ANSWER -She has less control over her agents' activities due to their level of experience. [Show Less]