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Chapter 7 Quiz

2019.04.14 18:27 Views : 183

1 of 10 - You should try to attach a rider strip to your For Sale sign that has:
Your home telephone number.
Your GRI designation.
 
Your cell phone number.
Your fax number.
You answered correctly
2 of 10 - Which of these forms is not filled out by the seller?
Smoke Detector Compliance
 
Modification of Terms
Transfer Disclosure Statement
Water Heater Compliance
You answered correctly
3 of 10 - All of these items are important to include on your weekly activity report except which?
Number of calls that week
 
Agent comments about the property
Classified ads placed on the property
 
Number of hits on the company website
You answered incorrectly
The weekly report should include the number of inquiries on the property, number of showings, weekly ads, open houses, number of visitors, and comments made by visitors. The number of hits on the company website is not relevant to a particular seller's property.
4 of 10 - Which of these is not a helpful homeowner tip?
 
Display lots of family photos to impress potential buyers.
De-clutter your garage and basement.
Bake muffins or cinnamon rolls to create a "homey" feel.
Make sure all light bulbs and lamps are working and are bright.
You answered correctly
5 of 10 - Which of the following actions by an agent would most probably upset the sellers?
Conducting an agent open house.
Sending a weekly activity report.
 
Sharing all visitor comments two weeks before the listing ends.
Placing a classified ad in the weekend paper.
You answered correctly
6 of 10 - All of these statements are true except which one?
 
Virtual tours are a very expensive marketing tool to use.
 
An agent should print off a copy of the listing on the company's Internet site to send to the sellers.
Participation in the MLS increases a licensee's inventory.
Property evaluations from other agents have valuable information for sellers.
You answered incorrectly
The technology for creating virtual tours allows the agent to take digital photos and simply load them into a software program that produces the virtual tours. Once the broker has invested in the software, the agents can use it for a low monthly fee, making this marketing tool quite inexpensive.
7 of 10 - If someone shows up at the sellers' door unexpectedly to see the home, the sellers should:
Tell them to call your office.
Invite them in and show them around.
 
Take their names and call your office.
Ask them to leave.
You answered correctly
8 of 10 - If there is no interest in the property on a given week, the agent should:
Skip the activity report for that week.
 
Share that information with the sellers.
Tell the sellers you expect an offer to be coming soon.
Tell the sellers it's time to reevaluate the price.
You answered correctly
9 of 10 - All of these activities are appropriate to do within the first few days of obtaining a listing except which?
Give the sellers a copy of some homeowner's tips.
 
Discuss modifying the listing price.
Explain your marketing plan to the sellers.
Have the broker send a "thank you for listing" letter to the sellers.
You answered correctly
10 of 10 - Which of these marketing tools is not considered a traditional tool?
Flier
Classified ad
Photos
 
Video tour
You answered correctly

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