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Day 1.1-An Introduction to the Real Estate Industry

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RoomyFaith
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20 Questions

Which of the following tasks are typically handled by real estate assistants?

Managing social media accounts

What is the role of the National Association of Realtors (NAR) in the real estate industry?

They enforce licensing requirements

What is the requirement for using the term 'Realtor'?

Being a member of NAR

What do realtors typically share with their real estate brokerages?

Their earned commission

What is the role of a managing broker in a real estate office?

Overseeing the real estate office

What are the qualities that real estate assistants need for success?

Organizational skills and determination

Which of the following is a responsibility of a realtor in residential real estate?

Overseeing financial and legal matters

Which of the following is NOT a desirable quality of a virtual real estate assistant?

Technical proficiency

Which of the following is a responsibility of a virtual real estate assistant?

Coordinating property viewings

What is the role of a higher-level broker in the real estate industry?

Overseeing financial and legal matters

What is a virtual real estate assistant responsible for in terms of marketing?

Creating marketing materials

What are some essential skills for virtual real estate assistants?

All of the above

Which of the following tasks is NOT typically performed by a virtual real estate admin assistant?

Explaining documentation to clients

What is one of the key responsibilities of a virtual real estate admin assistant?

Maintaining client communication

Which task involves managing the paperwork and deadlines associated with home loans?

Loan coordination

What is one task that unlicensed virtual real estate admin assistants are not allowed to perform?

Showing properties to clients

What is one of the key responsibilities of a virtual real estate admin assistant in terms of client information?

Maintaining detailed client records

What is one task that virtual real estate admin assistants are responsible for in terms of document preparation?

Preparing various documents

What is one task that virtual real estate admin assistants are responsible for in terms of open houses and showings?

Coordinating open houses and showings

What is one task that virtual real estate admin assistants are responsible for in terms of calendar management?

Managing the agent's daily agenda

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