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Quiz must be taken on a computer, laptop or tablet (no phones). *Make sure you have your device charged or plugged in, the exam will automatically end if the device dies.

Quiz Details: 

Start Date & Time: Feb. 17th, 2023 at 5:00PM | Number of Questions: 120
Time to Complete: 130 Minutes
Passing Grade: 75% or higher | ONLY 1 ATTEMPT TONIGHT

Do not click Start Quiz until the specified time above.  Please refresh your screen once and then click on Start Quiz

Once everyone completes the final, everyone will then receive an email with the next steps based on their score.
(Passing Grade 75% or higher) Retake will be on Monday, February 20th at 6PM.

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Due to part of the enormous liability brokers faces today, it is advisable for brokers to

Which of the following is an example of a sociological factor that affects virtually every aspect of a company’s business?

When joining forces with another real estate company, which is likely to have the MOST significant bearing on the success of the new venture?

Which of the following is the BEST way to determine the effectiveness of a company website?

A real estate company has eight desks and 12 salespeople. Its annual operating budget is $275,000; an extra secretary is $16,500 and cleaning service is $75 per month. The cost of sales averages 47% of the gross commissions. What is the desk per salesperson cost? 

What is the MOST important issue that managers should remember when prescreening?

What does a good long-range plan do for a company?

Payment of commission to an attorney who is not a licensed real estate broker is

A set of beliefs that outlines a company’s value system and the right way for it to do business is called

Which of the following is true concerning the three-hour continuing education course in supervision?

The BEST defense in risk management is

Which of the following political issues benefit the real estate industry?

A broker may pay team members’ transaction commissions to the team’s company (LLC, INC, PSC) provided that

Marketing done on social media

A broker or manager can implement ethical behavior throughout the organization by

Brokers must make sure that salespersons and associate brokers affiliated with the broker understand the “Coming Soon'” status in listing agreements and the multiple listing service. This status does not

The mission statement is the foundation of long-range planning and provides

Population shifts affect the need for housing and are often driven by

The picture of an organization’s financial performance during a particular period of time is called

A manager has just negotiated a solution between two salespeople. This is an example of

Which of the following activities is prohibited in the selection process?

Which of the following are topics that should not be included in a broker’s written policies and procedures?

Who is responsible for advertising accuracy?

With regard to open houses, the broker may allow

The traditional focus or marketing in real estate has been the promotion of the firm’s

What type of financing is preferable if the owners do NOT want to give up any ownership interest?

The basic rule when deciding to convene a meeting is to

The current real estate market is in

A more accurate term for the process by which companies realign their operations to be more profitable is

Which step in the hiring process consists of assembling a pool of candidates for consideration?

After reviewing ways to improve the “bottom line” for the firm, management may need to revise its plan and make some changes such as

In today’s workplace, a manager is more likely to be supervising a person

What is the first step when formulating a business plan?

The characteristic of a leader to accept responsibilities for outcomes is

Contingency plan may be incorporated in the business plan to

What is the benefit of an in-house training program?

A broker decides to install text telephones to comply with

To be MOST effective, a typical real estate sale’s manager should consider

Training can be MOST effective when management

People are more likely to be encouraged to produce more if the manager

What is the essence of communication?

In the prescreening process, the manager realized that none of the applications really met the job description. How should the manager proceed?

When analyzing potential business opportunities for a real estate company in the marketplace, which of the following would be LEAST significant when making a decision.

As companies become increasingly dependent on computerization, their ability to continue in business can be seriously compromised if

The minimum average production (MAP) is

The MOST desirable method to attract experienced sales associates to the real estate company is

Which of the following is one of the best ways for a manager to gather information?

According to the Telephone Consumer Protection Act, ” existing customers” are defined as

What is the absolute final step of the disciplinary process?

Should a company go through the planning process?

Real estate salespersons and associate brokers are independent contractors.

Which of the following will MOST likely affect the location of a real estate sales office?

Today, which mass media marketing tool should be the centerpiece of any media campaign?

What is the purpose of defining a company’s market?

Under which of the following contracts can a broker work with consumers and be paid a commission while still NOT representing the consumer?

In order to effectively make decisions, the manager should first

Under what circumstances may sales person use their own names and phone numbers in advertising listed property?

First, a company should analyze the level of risk to the organization and then

When advertising a listing, the owner’s position must be accurately represented, such as publishing

Trust money must be deposited within how many business days of acceptance of a contract of sale by both parties?

A small centralized operation in which the broker supervises the sales associates or hires a sales manager describes

In order to increase revenue, a service industry such as real estate can

An independent contractor can be designated as full- or part-time based on

What is the purpose of a business plan?

Which of the following is the MOST common reason why a sales associate would leave the firm?

A broker interviewed four candidates. He hired one and rejected three. The broker may have violated the employment laws by refusing to hire the other applicants. In which of the following instances is the broker justified in NOT hiring the applicant?

Who has supervision responsibilities within a brokerage?

What is the objective in monitoring the expense of marketing and advertising?

The financial statement that reports the organization’s assets, liabilities, and owner equity is called

State real estate license laws impact all of the following EXCEPT

Which of the following is an example of effective communication?

Which of the following should be the goal of a successful sales manager?

Which style of management is often utilized by management to take advantage of the self-directed workplace and avoids getting too involved?

Which of the following would be an acceptable phrase in advertising to comply with Maryland fair housing laws?

The key to an effective brainstorming session is

Which of the following may an unlicensed person working in a brokerage firm not do?

What can a real estate company learn from the Great Recession?

Which of the following has a great deal of impact on the real estate industry?

What is the insurance policy that protects the company from certain claims, such as if a client sues for negligent acts committed during business activities that result in a financial loss?

Which of the following is false regarding what is required to be a team leader?

Managers can effectively accomplish an enormous amount of work if they learn the fine art of

The “company dollar” is defined as the fond remaining from gross income after the cost of sales has been deducted, or the following, which is considered cost of sales?

Which of the following is NOT required by law, but could be considered a good business investment?

On an income statement. the total income minus the total expenses is the

ls there any value to asking sales associates to maintain phone logs?

Which of the following MOST clearly indicates the value of training?

With regards to agency practices, decisions that a broker makes regarding the company’s agency policies

People come to work for different reasons. In contemporary business practices, the process by which a manager is able to encourage people who have different motives and goals to work together is called

The very nature of a leadership position confers

When terminating a sales associate, consideration must be given to

The working document for managers at all levels in the organization to monitor the organization’s progress over the course of the year is

Which of the following has unlimited liability?

When advertising, what must a broker include?

What does internal equity mean?

Performance standards for sales agents should be linked to

The Internet Data Exchange (IDX) allowed consumers access to

Which of the following activities may an unlicensed personal assistant perform?

Broker is required to supervise the advertising done by the broker’s licensees. Which of the following is not permissible?

What information is necessary for a cash flow statement?

Which of the following is not one of the evidences of reasonable and adequate supervision by a broker listed in the Brokers Act?

The BEST training method for new licensees is to

When a company states how it intends to spend its money within the next year, the company is working with

Once company policies and procedures have been developed, management should

One of the major reasons for the design of “open offices” in business today is that it

The legal form of ownership in which the broker personally reaps all of the rewards of the business but also bears the responsibility and personal liability for its losses is

What is the legal requirement for retaining documents that pertain to retail estate transactions?

Risk management involves reactive measures and proactive steps to minimize potential loss to the company. Which of the following would be considered proactive:

What is one of the MOST difficult parts of becoming a sales manager in a real estate office?

One of the primary indicators of the general health of the economy is

A team must

Why is the independent contractor (IC) mode the tradition in the real estate industry?

What is the purpose of the policy and procedures manual?

What has been the effect, if any, of the internet on today’s real estate marketplace?

Which of the following is an example of an economic factor?

Broker is responsible to ensure all of the following except

What is the style of the manager who exercises complete control over her subordinates and does NOT tolerate participation?

In some offices, salespeople must call to reserve time at a desk. This new method of managing workstations is called

The MOST common reason brokers join franchises is

Which of the following would be addressed in the employee policy manual?

Some real estate companies are providing only the services that the client, either seller or buyer, desires and is willing to pay for. This type of service is called

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Result

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Passing grade - 0%

zzz

zzz

READ BEFORE STARTING EXAM:

Please ensure you are logged into Zoom as all quizzes and exams are monitored via Zoom.
Quiz must be taken on a computer, laptop or tablet (no phones). *Make sure you have your device charged or plugged in, the exam will automatically end if the device dies.

Quiz Details: 

Start Date & Time: Feb. 17th, 2023 at 5:00PM | Number of Questions: 120
Time to Complete: 130 Minutes
Passing Grade: 75% or higher | ONLY 1 ATTEMPT TONIGHT

Do not click Start Quiz until the specified time above.  Please refresh your screen once and then click on Start Quiz

Once everyone completes the final, everyone will then receive an email with the next steps based on their score.
(Passing Grade 75% or higher) Retake will be on Monday, February 20th at 6PM.

Start Quiz

What is the benefit of an in-house training program?

In some offices, salespeople must call to reserve time at a desk. This new method of managing workstations is called

Contingency plan may be incorporated in the business plan to

What information is necessary for a cash flow statement?

What is the first step when formulating a business plan?

Which of the following has a great deal of impact on the real estate industry?

State real estate license laws impact all of the following EXCEPT

Risk management involves reactive measures and proactive steps to minimize potential loss to the company. Which of the following would be considered proactive:

As companies become increasingly dependent on computerization, their ability to continue in business can be seriously compromised if

Which of the following is an example of a sociological factor that affects virtually every aspect of a company’s business?

The Internet Data Exchange (IDX) allowed consumers access to

Which of the following would be an acceptable phrase in advertising to comply with Maryland fair housing laws?

Once company policies and procedures have been developed, management should

A set of beliefs that outlines a company’s value system and the right way for it to do business is called

Which of the following political issues benefit the real estate industry?

A broker may pay team members’ transaction commissions to the team’s company (LLC, INC, PSC) provided that

Which of the following is NOT required by law, but could be considered a good business investment?

The financial statement that reports the organization’s assets, liabilities, and owner equity is called

When terminating a sales associate, consideration must be given to

Which of the following would be addressed in the employee policy manual?

Who has supervision responsibilities within a brokerage?

People are more likely to be encouraged to produce more if the manager

What is the objective in monitoring the expense of marketing and advertising?

When joining forces with another real estate company, which is likely to have the MOST significant bearing on the success of the new venture?

What is the purpose of a business plan?

Which style of management is often utilized by management to take advantage of the self-directed workplace and avoids getting too involved?

Some real estate companies are providing only the services that the client, either seller or buyer, desires and is willing to pay for. This type of service is called

Which of the following is an example of an economic factor?

Broker is required to supervise the advertising done by the broker’s licensees. Which of the following is not permissible?

What is the absolute final step of the disciplinary process?

What is the essence of communication?

Which step in the hiring process consists of assembling a pool of candidates for consideration?

Today, which mass media marketing tool should be the centerpiece of any media campaign?

On an income statement. the total income minus the total expenses is the

The working document for managers at all levels in the organization to monitor the organization’s progress over the course of the year is

What is the style of the manager who exercises complete control over her subordinates and does NOT tolerate participation?

The minimum average production (MAP) is

The traditional focus or marketing in real estate has been the promotion of the firm’s

Which of the following has unlimited liability?

Under what circumstances may sales person use their own names and phone numbers in advertising listed property?

What is the legal requirement for retaining documents that pertain to retail estate transactions?

With regard to open houses, the broker may allow

According to the Telephone Consumer Protection Act, ” existing customers” are defined as

In today’s workplace, a manager is more likely to be supervising a person

Broker is responsible to ensure all of the following except

After reviewing ways to improve the “bottom line” for the firm, management may need to revise its plan and make some changes such as

What does a good long-range plan do for a company?

Which of the following is an example of effective communication?

Should a company go through the planning process?

A small centralized operation in which the broker supervises the sales associates or hires a sales manager describes

One of the major reasons for the design of “open offices” in business today is that it

The mission statement is the foundation of long-range planning and provides

The MOST desirable method to attract experienced sales associates to the real estate company is

What can a real estate company learn from the Great Recession?

First, a company should analyze the level of risk to the organization and then

Which of the following will MOST likely affect the location of a real estate sales office?

Under which of the following contracts can a broker work with consumers and be paid a commission while still NOT representing the consumer?

With regards to agency practices, decisions that a broker makes regarding the company’s agency policies

Marketing done on social media

A broker interviewed four candidates. He hired one and rejected three. The broker may have violated the employment laws by refusing to hire the other applicants. In which of the following instances is the broker justified in NOT hiring the applicant?

The characteristic of a leader to accept responsibilities for outcomes is

When analyzing potential business opportunities for a real estate company in the marketplace, which of the following would be LEAST significant when making a decision.

Which of the following MOST clearly indicates the value of training?

The picture of an organization’s financial performance during a particular period of time is called

The “company dollar” is defined as the fond remaining from gross income after the cost of sales has been deducted, or the following, which is considered cost of sales?

An independent contractor can be designated as full- or part-time based on

Which of the following is the MOST common reason why a sales associate would leave the firm?

Which of the following is one of the best ways for a manager to gather information?

What is the MOST important issue that managers should remember when prescreening?

A more accurate term for the process by which companies realign their operations to be more profitable is

Trust money must be deposited within how many business days of acceptance of a contract of sale by both parties?

Payment of commission to an attorney who is not a licensed real estate broker is

What is the purpose of the policy and procedures manual?

Who is responsible for advertising accuracy?

What does internal equity mean?

In order to effectively make decisions, the manager should first

Which of the following is the BEST way to determine the effectiveness of a company website?

A real estate company has eight desks and 12 salespeople. Its annual operating budget is $275,000; an extra secretary is $16,500 and cleaning service is $75 per month. The cost of sales averages 47% of the gross commissions. What is the desk per salesperson cost? 

Which of the following is not one of the evidences of reasonable and adequate supervision by a broker listed in the Brokers Act?

A broker or manager can implement ethical behavior throughout the organization by

Real estate salespersons and associate brokers are independent contractors.

Which of the following activities is prohibited in the selection process?

What is the purpose of defining a company’s market?

The key to an effective brainstorming session is

The BEST defense in risk management is

In the prescreening process, the manager realized that none of the applications really met the job description. How should the manager proceed?

In order to increase revenue, a service industry such as real estate can

The very nature of a leadership position confers

The MOST common reason brokers join franchises is

One of the primary indicators of the general health of the economy is

A team must

ls there any value to asking sales associates to maintain phone logs?

Which of the following is false regarding what is required to be a team leader?

The basic rule when deciding to convene a meeting is to

When advertising a listing, the owner’s position must be accurately represented, such as publishing

Performance standards for sales agents should be linked to

Managers can effectively accomplish an enormous amount of work if they learn the fine art of

People come to work for different reasons. In contemporary business practices, the process by which a manager is able to encourage people who have different motives and goals to work together is called

What has been the effect, if any, of the internet on today’s real estate marketplace?

Which of the following activities may an unlicensed personal assistant perform?

Which of the following are topics that should not be included in a broker’s written policies and procedures?

A manager has just negotiated a solution between two salespeople. This is an example of

A broker decides to install text telephones to comply with

Which of the following is true concerning the three-hour continuing education course in supervision?

What type of financing is preferable if the owners do NOT want to give up any ownership interest?

Which of the following may an unlicensed person working in a brokerage firm not do?

Training can be MOST effective when management

What is the insurance policy that protects the company from certain claims, such as if a client sues for negligent acts committed during business activities that result in a financial loss?

The current real estate market is in

Brokers must make sure that salespersons and associate brokers affiliated with the broker understand the “Coming Soon'” status in listing agreements and the multiple listing service. This status does not

When advertising, what must a broker include?

Which of the following should be the goal of a successful sales manager?

The BEST training method for new licensees is to

To be MOST effective, a typical real estate sale’s manager should consider

When a company states how it intends to spend its money within the next year, the company is working with

What is one of the MOST difficult parts of becoming a sales manager in a real estate office?

Population shifts affect the need for housing and are often driven by

The legal form of ownership in which the broker personally reaps all of the rewards of the business but also bears the responsibility and personal liability for its losses is

Why is the independent contractor (IC) mode the tradition in the real estate industry?

Due to part of the enormous liability brokers faces today, it is advisable for brokers to

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