10 Question Quiz - Let's test your knowledge of the Real Estate Business!
What is the business of bringing buyers, sellers and owners together for a real estate transaction?
A Real Estate Team
Community Sales Cooperative
Real Estate Brokerage
Business Manager
Which is NOT one of the 5 major sales specialties in the real estate business?
Commercial
Residental
Recreational
Agricultural
Which category of residential construction involves using several model homes often looking similar?
Tract Homes
Speculative homes
Modular Homes
Custom Homes
Licensees who engage in the sale, purchase, or leases of businesses are called?
Lease Agents
Business Brokers
REALTOR®
Option Buyers
What is a marketing technique used by many successful real estate agents to develop business in a specific area or market demographic?
Branding
Focal Sales
Farming
Target Selection
This is what a good sales associate does for buyers or sellers after the transaction is concluded.
Follow-up
Buy a closing gift
Ask for a referral
Order a post closing survey
The leasing, managing, marketing, and overall maintenance of property for others is called?
Procurement
Rental Agent
On-Site Leasing
Property Management
A gift of land by an owner to a governmental body for a public use is called
Dedication
Escheat
Eminent Domain
Devisee adoption
Owners of investment real estate who do NOT reside on the premises are called?
Tenants
Absentee Owners
Foreign Investors
Property Managers
The process of purchasing lots and constructing homes without securing buyers is called?
Constructing tract homes.
Building a custom homes.
Building on speculation
Subdividing and developing.
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