Real Estate 101 Quiz_SR

1. ________% of buyers search for their home on the internet according to the 2013 NAR Survey of Home Buyers and Sellers. (Enter number only)

Slide 38_Slide39.SR: 2013 NAR Survey of Home Buyers and Sellers

Explanation

Slide 38_Slide39.SR: 2013 NAR Survey of Home Buyers and Sellers

Submit

2. __________ % of buyers would use real estate agents again or recommend to others? (Enter number only)

Slide 62_Slide 55.SR 2013 NAR Survey of Home Buyers and Sellers

Explanation

Slide 62_Slide 55.SR 2013 NAR Survey of Home Buyers and Sellers

Submit

3. Consumers selling their homes can post their For Sale property on realtor.com^®. True or False.

True

False

Submit

6. An agent who represents a person in their home purchase is known as a...

Transaction Coordinator

Buyer's Agent

Seller

Account Executive

7. All real estate agents are REALTORS^®. True or False

True

False

8. Why do brokers and agents advertise properties?

Attract leads from interested buyers and sellers

Sell listings faster and at a better price by reaching the widest audience possible.

Convert prospects into loyal customers

Show current and prospective sellers tangible efforts toward marketing a property

Build brand recognition, referrals and repeat business

All of the above

9. Realtor.com® is the Official Website of the.....

Multiple Listing Service

Area Association of REALTORS®

National Association of REALTORS®

NRA

10. 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.

True

False

11. The Seller is represented by

The National Association of REALTORS®

A Licensed Assistant to the Broker

The Multiple Listing Service

The Listing Agent

12. Who is legally responsible for the real estate transaction?

Agent

Broker

MLS

13. How many hours a week do most REALTORS^® work?

30

40

50

60

14. The Buyer pays the commission for both the Listing Agent and the Buyer's Agent.

True

False

15. Real Estate Agents are trained to reinvest 10% of their gross commission back into their business in order to grow to stay in business.

True

False

16. What are the two most common business models for real estate brokerages?

Desk Fee

Flat Fee

Commission Split

Discount

Submit

17. What online real estate website was reported #1 according to the 2013 California Association of REALTORS^®?

Zillow

Realtor.com

Redfin

Trulia

18. More than 4 Million Foreclosures occurred in 2007 and thankfully the worst of the foreclosures is past us. Several homeowners during that time either Foreclosed and/or had to Short Sale their home. Lately, there is a lot of buzz and press about the former short sale and foreclosed buyers coming back into the market to buy again. What are these buyers called?

Frisbee Buyers

Move Up Buyers

Second Chance Buyers

Boomerang Buyers

19. Realtor.com® Launched New Branding and a New Spokesperson. What date was it launched publicly and the first commercial aired?

May 9, 2015

May 18, 2014

May 1, 2015

May 18, 2015

20. What percentage of respondents said they had the highest conversion rates from realtor.com^® leads?

11

21

31

Real Estate 101 Quiz_sr

1. ________% of buyers search for their home on the internet according to the 2013 NAR Survey of Home Buyers and Sellers. (Enter number only)

2.

What first name or nickname would you like us to use?

2. __________ % of buyers would use real estate agents again or recommend to others? (Enter number only)

3. Consumers selling their homes can post their For Sale property on realtor.com^®. True or False.

4. Realtor.com®'s Spokesperson is...

5. _______% of buyers who used a real estate agent while searching for a home viewed them as a useful information source

6. An agent who represents a person in their home purchase is known as a...

7. All real estate agents are REALTORS^®. True or False

8. Why do brokers and agents advertise properties?

9. Realtor.com® is the Official Website of the.....

10. 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.

11. The Seller is represented by

12. Who is legally responsible for the real estate transaction?

13. How many hours a week do most REALTORS^® work?

14. The Buyer pays the commission for both the Listing Agent and the Buyer's Agent.

15. Real Estate Agents are trained to reinvest 10% of their gross commission back into their business in order to grow to stay in business.

16. What are the two most common business models for real estate brokerages?

17. What online real estate website was reported #1 according to the 2013 California Association of REALTORS^®?

19. Realtor.com® Launched New Branding and a New Spokesperson. What date was it launched publicly and the first commercial aired?

20. What percentage of respondents said they had the highest conversion rates from realtor.com^® leads?

Real Estate 101 Quiz_sr

1. ________% of buyers search for their home on the internet according to the 2013 NAR Survey of Home Buyers and Sellers. (Enter number only)

2.

What first name or nickname would you like us to use?

2. __________ % of buyers would use real estate agents again or recommend to others? (Enter number only)

3. Consumers selling their homes can post their For Sale property on realtor.com®. True or False.

4. Realtor.com®'s Spokesperson is...

5. _______% of buyers who used a real estate agent while searching for a home viewed them as a useful information source

6. An agent who represents a person in their home purchase is known as a...

7. All real estate agents are REALTORS®. True or False

8. Why do brokers and agents advertise properties?

9. Realtor.com® is the Official Website of the.....

10. 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.

11. The Seller is represented by

12. Who is legally responsible for the real estate transaction?

13. How many hours a week do most REALTORS® work?

14. The Buyer pays the commission for both the Listing Agent and the Buyer's Agent.

15. Real Estate Agents are trained to reinvest 10% of their gross commission back into their business in order to grow to stay in business.

16. What are the two most common business models for real estate brokerages?

17. What online real estate website was reported #1 according to the 2013 California Association of REALTORS®?

19. Realtor.com® Launched New Branding and a New Spokesperson. What date was it launched publicly and the first commercial aired?

20. What percentage of respondents said they had the highest conversion rates from realtor.com® leads?

3. Consumers selling their homes can post their For Sale property on realtor.com^®. True or False.

7. All real estate agents are REALTORS^®. True or False

13. How many hours a week do most REALTORS^® work?

17. What online real estate website was reported #1 according to the 2013 California Association of REALTORS^®?

20. What percentage of respondents said they had the highest conversion rates from realtor.com^® leads?