Week 5 - Offload your deal to maximize profits

1. When selling through a real estate agent what is the average range of commission?
1 – 2%
2.5 – 4%
3 – 6%
1.5 – 2.5%
2. What is a general listing?
A listing that more than one agent can bring buyers
A listing that only one agent can bring buyers
A listing for your property on Trademe
A list of general conditions for the sale of your property
3. What is an exclusive listing?
A list of exclusive conditions for the sale of your property
A listing that only one agent can bring buyers
A listing for your property on Trademe
A listing that more than agent can bring buyers
4. What is the average timeframe an Agent will try and lock you into an exclusive listing for?
30 days
60 days
90 days
120 days
5. How many days is the ideal timeframe you should give your agent?
30 – 60 days
60 – 90 days
60 days
30 days
6. Which is the best marketing method used to create urgency for your buyers when selling?
Auction
Price by negotiation
Asking price
None of the above
7. What is the best method to use to minimise “Low Ball” offers?
Auction
Price by negotiation
Asking price
None of the above
8. It is known as ___________ when a buyer signs an S&P agreement with no due diligence or conditions
Conditional
Processed
Settled
Unconditional
9. Which marketing channel provides the most reach for advertising your property?
Trademe
Newspaper
Word of Mouth
Realestate.co.nz
10. Which marketing channel provides the highest frequency for advertising your property?
Trademe
Newspaper
Word of Mouth
Realestate.co.nz
11. Gathering contact information of agents and buyers is best used with the following marketing channel
Electronic Direct Mail
Facebook
Google
Newspaper
12. ________ is the most effective free marketing tool for your property
Word of Mouth
Facebook
Google
Newspaper
13. Our checklist before selling a property includes a LIM, Rental Appraisal and Meth Report. Which is missing from your checklist before selling?
Valuation
Agent Appraisal
Topography Report
Scheme Plan
14. If your buyer chooses Yes for a LIM Report, how many working days does he or she have before going unconditional?
5 days
10 days
15 days
7 days
15. A sunset clause is used to create __________ for the buyer
Sense of urgency
Higher price
Protection for the buyer
None of the above
{"name":"Week 5 - Offload your deal to maximize profits", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"1. When selling through a real estate agent what is the average range of commission?","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}
Powered by: Quiz Maker