Real Estate Brokerage: Unit Exams | 199 Questions with 100% Correct Answers

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The owner of a real estate brokerage firm hired Eric to oversee the day-to-day operations of the business. What type of broker is Eric? Active Assistant Broker-owner Managing - ✔✔Managing Sa... mantha is the owner of her own real estate brokerage firm. Which of these is one of her responsibilities as broker-owner? Making sure her licensees maintain their licensure Explaining the agency relationship to her licensees' clients Encouraging brokers who work for her to start their own firms Collecting fines from her licensees who violate license laws or regulations - ✔✔Making sure her licensees maintain their licensure Nat has a friend who is in the home construction business, and he says that in the last six months, there has been an increased demand from the developers to build homes that are more energy efficient and that use sustainable and non-toxic housing materials. What current market trend is this an example of? Increased density Greener buyers Smaller houses, bigger houses Aging of Baby Boomers - ✔✔Greener buyers One evening during their weekly card game, Cecilia and her group of retired friends are recounting the difficulty they had finding a place they could afford and that was close to a hospital. Cecilia added that they were the lucky ones because she has a few other friends who were unable to get out of the homes in which they raised their children and into more accessible and affordable housing. What trend is this an example of? Increased density Greener buyers Smaller houses, bigger houses Aging of Baby Boomers - ✔✔Aging of Baby Boomers Which term means growing a business by offering services to a different niche market or by offering a wide variety of services? Geographic expansion Sector expansion [Show More]

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