Day 1-Real Estate Virtual Assistance Quiz

Play an AI-generated podcast conversation about this lesson

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?

Real estate used for public facilities or services Signup and view all the answers

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

Real estate used for manufacturing or production Signup and view all the answers

What is the purpose of this text?

To introduce real estate virtual assistance Signup and view all the answers

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

Transaction Coordinator Signup and view all the answers

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

Access to real estate market data and transaction management services Signup and view all the answers

What is the role of a Mortgage Broker?

Connect borrowers with lenders and find the best fit Signup and view all the answers

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

To estimate a home's price Signup and view all the answers

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

Searching for potential customers Signup and view all the answers

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

To visually showcase a property to potential buyers Signup and view all the answers

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

Buyer agent Signup and view all the answers

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

Counteroffer Signup and view all the answers

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

Pre-approval Signup and view all the answers

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

Proof of funds 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?

Real Estate Purchase Contract Signup and view all the answers

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

Lead Generation Signup and view all the answers

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

Listing/Lead Conversion Signup and view all the answers

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

Social Media specialist Signup and view all the answers