CENTURY 21 Real Estate

1. Who is the President and CEO of the company?

Llewellyn J. Puppybreath

Thomas R. Kunz

Jim Gillespie

Thomas R. Kunz is the correct answer because he is mentioned as one of the options for the President and CEO of the company.

Explanation

Thomas R. Kunz is the correct answer because he is mentioned as one of the options for the President and CEO of the company.

2. There are Century 21 offices operated in this many countries and territories:

40

84

16

The correct answer is 40. This means that there are Century 21 offices operating in 40 different countries and territories.

Explanation

The correct answer is 40. This means that there are Century 21 offices operating in 40 different countries and territories.

3. Who were the founders of the company?

Rich Chance & Ronald Chump

Will Seller & River Wader

Art Bartlett & Marsh Fisher

Art Bartlett and Marsh Fisher were the founders of the company.

Explanation

Art Bartlett and Marsh Fisher were the founders of the company.

4. Century 21 Real Estate's headquarters are located in:

Hopatcong, New Jersey

Parsippany, New Jersey

New York, New York

Century 21 Real Estate's headquarters are located in Parsippany, New Jersey. This information can be inferred from the given options, where Parsippany, New Jersey is listed as one of the choices.

Explanation

Century 21 Real Estate's headquarters are located in Parsippany, New Jersey. This information can be inferred from the given options, where Parsippany, New Jersey is listed as one of the choices.

5. The owner of this franchise also owns:

Keller Williams and RE/MAX

Coldwell Banker and Keller Williams

Coldwell Banker and ERA Real Estate

The correct answer is Coldwell Banker and ERA Real Estate. This means that the owner of the franchise owns both Coldwell Banker and ERA Real Estate, suggesting that they have a diverse portfolio in the real estate industry.

Explanation

The correct answer is Coldwell Banker and ERA Real Estate. This means that the owner of the franchise owns both Coldwell Banker and ERA Real Estate, suggesting that they have a diverse portfolio in the real estate industry.

6. In 1984, the company was bought out by:

Realogy

Metropolitan Life Insurance

Allstate Insurance

In 1984, the company was bought out by Metropolitan Life Insurance.

Explanation

In 1984, the company was bought out by Metropolitan Life Insurance.

7. Where and when was Century 21 founded?

Washington, 1954

New Jersey, 1982

California, 1971

Century 21 was founded in California in 1971.

Explanation

Century 21 was founded in California in 1971.

8. Century 21 is a franchise owned by:

Metropolitan Life Insurance

Realogy

Leading RE

Realogy is the correct answer because it is the parent company of Century 21. Realogy is a real estate services company that owns and operates several well-known real estate brands, including Century 21. Metropolitan Life Insurance and Leading RE are not associated with Century 21, making Realogy the only logical choice.

Explanation

Realogy is the correct answer because it is the parent company of Century 21. Realogy is a real estate services company that owns and operates several well-known real estate brands, including Century 21. Metropolitan Life Insurance and Leading RE are not associated with Century 21, making Realogy the only logical choice.

9. Century 21 Real Estate is categorized as a:

Limited Liability Corporation

Corporation

Limited Liability Company

Century 21 Real Estate is categorized as a Limited Liability Company (LLC). An LLC is a business structure that combines the limited liability protection of a corporation with the flexibility and tax benefits of a partnership. This means that the owners of Century 21 Real Estate have limited personal liability for the company's debts and obligations. Additionally, an LLC offers pass-through taxation, where profits and losses are passed through to the owners' personal tax returns. This makes an LLC an attractive option for small businesses like Century 21 Real Estate.

Explanation

Century 21 Real Estate is categorized as a Limited Liability Company (LLC). An LLC is a business structure that combines the limited liability protection of a corporation with the flexibility and tax benefits of a partnership. This means that the owners of Century 21 Real Estate have limited personal liability for the company's debts and obligations. Additionally, an LLC offers pass-through taxation, where profits and losses are passed through to the owners' personal tax returns. This makes an LLC an attractive option for small businesses like Century 21 Real Estate.

10. What is behind the name?

The Century 21 Exposition that was held in Seattle, Washington in 1962 made an impression.

The founders were shareholders in the Century 21 Department Store that was founded in 1921.

The Century 21 Exposition in 1962 made a significant impact on the founders of Century 21. The exposition was believed to signify the U.S. entering a new era of futuristic advancements. Inspired by this, the founders chose to label themselves as the future of real estate. This connection to the exposition and the belief in a promising future influenced the decision to name the company Century 21.

Explanation

The Century 21 Exposition in 1962 made a significant impact on the founders of Century 21. The exposition was believed to signify the U.S. entering a new era of futuristic advancements. Inspired by this, the founders chose to label themselves as the future of real estate. This connection to the exposition and the belief in a promising future influenced the decision to name the company Century 21.

11. Century 21 has this many independently owned and operated offices worldwide:

4,600

15,100

8,100

Century 21 has 8,100 independently owned and operated offices worldwide.

Explanation

Century 21 has 8,100 independently owned and operated offices worldwide.