Day 1-Real Estate Virtual Assistance Quiz
20 Questions
73 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following best describes real estate?

  • Land and any permanent structures attached to it (correct)
  • Buildings used for manufacturing or production
  • Vacant undeveloped land
  • Investments made for families to live in

What are the two types of real estate mentioned in the text?

  • Real estate for families and vacant undeveloped land
  • Real estate for families and real estate for businesses (correct)
  • Real estate for businesses and vacant undeveloped land
  • Real estate for manufacturing and real estate for community purposes

What is vacant undeveloped land?

  • Land that is used for community purposes
  • Land that is used for families to live in
  • Land that is used for manufacturing or production
  • Land that is not being used for any purpose (correct)

What is real estate used for community purposes?

<p>Real estate used for public facilities or services (B)</p> Signup and view all the answers

Which of the following is NOT a type of real estate mentioned in the text?

<p>Real estate used for manufacturing or production (D)</p> Signup and view all the answers

What is the purpose of this text?

<p>To introduce real estate virtual assistance (D)</p> Signup and view all the answers

Which of the following is NOT a type of real estate industry professional mentioned in the text?

<p>Transaction Coordinator (B)</p> Signup and view all the answers

What is the main benefit of being a member of the National Association of Realtors(r)?

<p>Access to real estate market data and transaction management services (B)</p> Signup and view all the answers

What is the role of a Mortgage Broker?

<p>Connect borrowers with lenders and find the best fit (A)</p> Signup and view all the answers

What is the purpose of a Comparative Market Analysis (Comps)?

<p>To estimate a home's price (D)</p> Signup and view all the answers

What is the main focus of the Real Estate Process called 'Lead Generation'?

<p>Searching for potential customers (D)</p> Signup and view all the answers

What is the purpose of a Virtual Stage in the Real Estate Process?

<p>To visually showcase a property to potential buyers (B)</p> Signup and view all the answers

Which one of these terms refers to a proposal made by the buyer to the seller?

<p>Buyer agent (C)</p> Signup and view all the answers

What is the term for a proposal made by the seller in response to an undesirable offer?

<p>Counteroffer (C)</p> Signup and view all the answers

Which term refers to a buyer's credit record, employment, and income being evaluated?

<p>Pre-approval (A)</p> Signup and view all the answers

What is the term for providing evidence of available funds to purchase a property?

<p>Proof of funds (B)</p> Signup and view all the answers

Which document spells out the terms under which a buyer and seller agree to engage in a real estate transaction?

<p>Real Estate Purchase Contract (B)</p> Signup and view all the answers

What is the term for the process of finding potential clients in the real estate industry?

<p>Lead Generation (A)</p> Signup and view all the answers

What is the term for the process of converting leads into actual listings or sales?

<p>Listing/Lead Conversion (B)</p> Signup and view all the answers

Which role involves managing a real estate agent's social media channels, scheduling postings, and gathering reviews?

<p>Social Media specialist (A)</p> Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

Day 1
73 questions

Day 1

MemorableMridangam7285 avatar
MemorableMridangam7285
Day 1: Lesson 3: Light Waves
15 questions
Use Quizgecko on...
Browser
Browser