Fsbo_expired Leads Calling Quiz

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| By Teresa Glenn
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Teresa Glenn
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| Attempts: 129 | Questions: 12
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1. What is an FSBO Lead?

Explanation

The correct answer is "A FSBO lead is someone who is trying to sell their home on their own." This means that the person is not using the services of a real estate agent and is attempting to sell their property independently. The other options mentioned in the question, such as selling on the MLS or previous unsuccessful attempts with an agent, are not necessarily exclusive to FSBO leads.

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About This Quiz
Fsbo_expired Leads Calling Quiz - Quiz


The purpose of this quiz is to test your knowledge of FSBO and Expired lead calling.

2. If a lead tells the caller that they are going to try and sell their property on their own for 3mos, when should the caller do a call back?

Explanation

The caller should always cut the amount of time the leads gives in half.

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3. Since the caller knows their client has a lot of buyers, it is okay to tell the lead that the client will have the perfect buyer for their property.

Explanation

The caller is to never make any promises to the lead.

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4. What does FSBO stand for?

Explanation

FSBO stands for "For Sale By Owner." This term is commonly used in the real estate industry to indicate that a property is being sold directly by the owner, without the involvement of a real estate agent or broker. This allows the owner to have more control over the sale process and potentially save on commission fees. It is important to note that the other options given, "Forgotten Sales By Owner" and "For Someone By Owner," are not valid explanations for the acronym FSBO.

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5. What is an Expired Lead?

Explanation

An expired lead refers to someone who has attempted to sell their home with another agent but was unsuccessful in selling it. This could be due to various reasons, such as the house not being sold, the homeowner withdrawing their home from the Multiple Listing Service (MLS), or canceling their listing altogether.

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6. What information is not necessary to obtain from lead during your conversation with them?

Explanation

Each of these items are key for the client to know about the lead.

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7. The goal(s) of calling FSBO/Expired leads is/are to _________.

Explanation

All of the above are very important with calling FSBO/Expired.

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8. FSBO/Expired team meetings are permanently set on Monday weekly?

Explanation

The FSBO/Expired meetings use to be bi-weekly, now they are weekly on Mondays at 4:00PM EST.

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9. If the lead is upset, what is the best way to handle the call?

Explanation

FSBO/Expired calling is all about handling objections. An attitude from the lead is basically just another objection. The caller should be polite and keep explaining the purpose of the call.

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10. If the caller gets an 'A' lead for a FSBO lead how should be coded?

Explanation

FSBO leads should be coded as: FSBO A, B, C, Dead, FSBO Lost - FSBO or FSBO Lost - Agent
Expired leads should be coded as: Expired A, B, C, Dead, Expired Lost

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11. If the caller gets an appointment which would be an 'A' lead, he/she should _____:

Explanation

All actions should be completed, except for billing for the Golden Egg. The caller will need to wait until the appointment is met and then submit an approval email to Teresa G. Once approved they can then bill for the Golden Egg.

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12. If a FSBO lead tells the caller that they sold the property, what should be the next steps that the caller takes? (Check all that applies.)

Explanation

Find out how the house was sold and how much is sold for.

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  • Current Version
  • Jul 25, 2024
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 11, 2014
    Quiz Created by
    Teresa Glenn
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What is an FSBO Lead?
If a lead tells the caller that they are going to try and sell their...
Since the caller knows their client has a lot of buyers, it is okay to...
What does FSBO stand for?
What is an Expired Lead?
What information is not necessary to obtain from lead during your...
The goal(s) of calling FSBO/Expired leads is/are to _________.
FSBO/Expired team meetings are permanently set on Monday weekly?
If the lead is upset, what is the best way to handle the call?
If the caller gets an 'A' lead for a FSBO lead how should be coded?
If the caller gets an appointment which would be an 'A' lead, he/she...
If a FSBO lead tells the caller that they sold the property, what...
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