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Real Estate Sales Professional and Rumford Fair Housing Act Questions

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What does it mean to be a real estate sales professional? 

Define and explain the five items that create a real estate marketplace

What are the items of specialization in real estate?

Define ethics and the code of ethics. 

Name and define the three civil rights acts.

What is the Rumford Fair Housing Act?

Explain the fiduciary agreement that you will have with a buyer and a seller.

Explain agency disclosure. 

When do you disclose a death? 

When would you use a seller financing disclosure?

What is prospecting?

What is a sick building syndrome?

Define three types of prospecting and why you prefer or dislike each prospecting choice.

What is for sale by owner?

How would you develop and use a prospect file?

What is a social farm? 

What is a CMA?

Explain a seller’s proceeds. 

Why would a client list with you? 

Explain the five types of listing agreements. 

What are the three items all sellers want to know?

What is a buyer broker agreement?

Would you prefer to work with buyers or sellers? Why?

How will you service your listing? 

What is a caravan?

What is a broker’s open house? 

What is an open house?

What are your advertising objectives?

How will you use the Internet?

What do you expect in a sales office?

When choosing a real estate broker, what are you looking for in a broker and a sales office?

What do you consider a fair split with your broker?

If you could choose one firm to launch your real estate sales career, which firm would you select and why.