Chapter 2 Quiz

Question 1

A comparison of one property’s value to similar recently sold properties is called a:

Answer 1

Comparative market analysis

Question 2

Open houses are good for:

Answer 2

Finding buyers and sellers

Question 3

Why are holding open houses beneficial to you as an agent

Answer 3

Expose your listing demonstrates how hard you are working and get to meet potential buyers

Question 4

Which groups should be included in your sphere of influence?

Answer 4

Personnel managers
Postal workers
Union officials

Question 5

FSBO is an abbreviation of:

Answer 5

For sale by owner

Question 6

Which of the following is a means of locating buyers looking for homes?

Answer 6

Open houses
Emails
Internet search engines

Question 7

In general, the most effective media to use in the advertising of homes is:

Answer 7

Newspapers or internet

Question 8

CMA stands for:

Answer 8

Comparative market analysis

Question 9

The time tested model used in writing ads is the AIDA formula, which stands for:

Answer 9

Attention interest desire action

Question 10

when evaluating the effectiveness of the advertising campaign the broker manager should:

Answer 10

Check the phone call log book traffic sheet