Real Estate 101 Quiz 2016
13 Questions
| Total Attempts: 23
What are the important take-aways from the Real Estate Industry Presentation?
Questions and Answers
- 1.All real estate agents are REALTORS®. True or False
- A.
True
- B.
False
- 2.Who is legally responsible for the real estate transaction?
- A.
Agent
- B.
Broker
- C.
MLS
- 3.________% of buyers search for their home on the internet according to the 2015 NAR Survey of Home Buyers and Sellers. (Enter number only)
- 4.[Blank] % of buyers would use real estate agents again? (Enter number only)
- 5.True or False. Consumers selling their homes can post their For Sale property on realtor.com®.
- A.
True
- B.
False
- 6.Why do brokers and agents advertise properties?
- A.
Attract leads from interested buyers and sellers
- B.
Sell listings faster and at a better price by reaching the widest audience possible.
- C.
Convert prospects into loyal customers
- D.
Show current and prospective sellers tangible efforts toward marketing a property
- E.
Build brand recognition, referrals and repeat business
- F.
All of the above
- 7.Realtor.com® is the Official Website of the (choose one).
- A.
Multiple Listing Service
- B.
Area Association of REALTORS®
- C.
National Association of REALTORS®
- D.
NRA
- 8.Realtor.com®'s Spokesperson is [Blank].
- 9.A Seller's Market is described as high inventory, the median sales prices are declining and the "For Sale" yard signs are staying up longer.
- A.
True
- B.
False
- 10.An agent who represents a person in their home purchase is known as a (choose one).
- A.
Transaction Coordinator
- B.
Buyer's Agent
- C.
Seller
- D.
Account Executive
- 11.The Seller is represented by (choose one).
- A.
The National Association of REALTORS®
- B.
A Licensed Assistant to the Broker
- C.
The Multiple Listing Service
- D.
The Listing Agent
- 12.Agents working in brokerages following a [Blank] [Blank] business model receive 100% of their commission.
- 13.Agents in brokerages following a [Blank] [Blank] business model share their commission with their broker at a negotiated percentage.
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