GOBC Real Estate Class Notes: Technology in Mobile Offices

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Which software is specifically designed to electronically generate the most common forms and contracts used in real estate transactions?

Forms Software

Which tool provides several layers of data and information beyond what a traditional map can offer?

GIS Mapping

Which software is used for budget tracking and accounting in real estate transactions?

All of the above

Which software cannot be used to edit photos for marketing purposes in real estate?

Changing physical characteristics of a property

Which software is used to manage and organize client contacts in real estate transactions?

Customer Relationship Management (CRM)

Which video conferencing software offers unique IDs and passwords to protect clients’ privacy?

Zoom

What is one challenge of a mobile office environment in real estate?

Frustrations with lack of communication

What is the primary function of the Multiple Listing Service (MLS)?

Providing a current inventory of real estate listings

What is a benefit of using a mobile office environment for real estate agents?

Providing a better service to clients

What is one feature of MLS software?

Direct messaging

How does a mobile office environment affect the sense of community within a brokerage?

It weakens the sense of community

What is Hot Desking?

Assigning desks to workers as needed

What is one of the unique benefits of using chatbots in real estate?

They can operate 24/7 without any human intervention.

What type of license is required to fly a drone weighing over 25 kilograms?

A Special Flights Operations Certificate

What is a common feature of modern DSLR cameras?

They have automatic settings that can be easily used by amateurs.

How can a 360° camera benefit real estate listings?

By providing a clearer look at a property’s layout.

Why is it important for virtual tour software to protect clients’ privacy?

Because it can verify property valuations.

What is one of the main benefits of having a real estate website?

It can share market information to promote clients’ listings.

Which of the following is a benefit of the mobile office environment?

Reduces inefficiencies related to commuting

What does the MLS® primarily provide?

Current real estate listings and sales history in an area

In advertising, what photo editing action is generally acceptable?

Removing power lines

Which situation represents a technological compatibility issue?

Client viewing website on laptop not smartphone

What is true regarding the use of drones (or unmanned aerial vehicles)?

They have restrictions but can be used for real estate purposes

What is NOT an example of a technological compatibility issue?

Seller filling form from mobile phone that works on desktop

What is the primary purpose of an encrypted code in electronic communication?

To authenticate the sender and ensure the integrity of the data

Which of the following is NOT protected by cryptography?

Manual 'wet' signatures

What is the main limitation of email communications in terms of legal validity?

They are not sufficient to replace a 'wet' signature or an electronic signature

What does the Electronic Transactions Act state about electronic documents and signatures?

They will not be excluded merely because they are in electronic form

Which of the following can cryptography NOT protect?

Manual 'wet' signatures

What is the main function of a digital/e-signature?

To authenticate the sender and ensure the integrity of the data

Learn about the challenges and benefits of a mobile office environment within a real estate brokerage. Explore ways in which technology impacts communication and community building in the real estate industry.

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