unit 8

Question 1

antitrust laws

Answer 1

the sherman antitrust act is a federal law that prohibits monoplies, arrangements that constrain trade

Question 2

Allocation of markers

Answer 2

an illegal division of territories to avoid competition

Question 3

Antitrust laws

Answer 3

Laws that prohibit price fixing and tie in agreements

Question 4

Multiple listing service (MLS)

Answer 4

Membership in this service provided an opportunity tobthe marketing of property

Question 5

Commission

Answer 5

A form of compensation computed as a percentage of the total sales price of a property

Question 6

Sales associate

Answer 6

A person who is licensed only to perform real estate activities on behalf of a broker

Question 7

Brokerage

Answer 7

The buisness of brining parties together

Question 8

Indapendent contractor

Answer 8

A sales associate who works under the terms of A written contract and recieved a substantial portion of her income from sales production rather than hours worked

Question 9

Administrative regulation

Answer 9

The device by which a state licensing authority administers and enforces the statutory law

Question 10

Emploee

Answer 10

A sales associate whose activities are closely controlled and who is entitled to benefits unemployment compensation and income tax withholding

Question 11

Ready willing and able buyer

Answer 11

A person who prepares to buy on the sellers terms and is ready to take positive steps towards consummation of the transaction

Question 12

Real estate broker

Answer 12

An individual who is licenced to buy sell exchange or lease property for other and to charge a fee for those services

Question 13

Procuring cause

Answer 13

The broker who starts an uninterrupted chain of events that result in the sale of a property

Question 14

Comparative market analysis (cma)

Answer 14

An analysis performed to assist a skeleton pricing a property

Question 15

Real estate licence laws

Answer 15

Statutes enacted by state legislatures to produce the public and ensure a standard of competence in the real estate industry

Question 16

Group boycott

Answer 16

When two or more buisness conspire against another business to withhold patronge to reduce competition

Question 17

Brokerages

Answer 17

Many choices small firm indapendent and locally owned and corporate owned

Question 18

Commission

Answer 18

Many choices 100 commission. Plans brokers pay monthly fee and commission spilt

Question 19

Brokerages can have what kind of fees

Answer 19

Franchise fees brokerage fees and fund fees

Question 20

Why fee

Answer 20

So you can use the brand name

Question 21

How do you use choose what company to go with

Answer 21

Interview companies if the brokerage will meet your needs as a new broker determine tge annual cost to be with brokerage office atmosphere how available supervising broker training offer what they expect of you what market resources and administrative can you work part time

Question 22

Does a real estate assistant need a license

Answer 22

No

Question 23

What does a real estate assistant do

Answer 23

They going show property or host an open house they can provide a flyer and agent contact information

Question 24

Can a real estate assistant dicuss topics or the property

Answer 24

No you need a license

Question 25

Some brokerage will not provide a lock box information to anyone that does not have what

Answer 25

A license