The purpose of carryover provisions is to enable policyholders to reduce their out-of-pocket expenses in the following year by applying a portion of the current year’s claims against the next year’s deductible. Typically, this provision only applies to expenses incurred in the final three months of the current year.
How should you follow up on direct mail advertising quizlet?
How should you follow-up on direct mail advertising? Track and repeat those campaigns that show results. Repeat the same mailing, until you get results.
Which form of advertising is considered the most cost effective method for advertising a home quizlet?
Advertising in the telephone directory is cost effective because the directories reach every home in the state. Magazine ads are significantly more expensive than newspaper ads.
What are the two forms of advertisement that a brokerage is involved in?
bait-and-switch advertising.
What happens if a listing agreement has a carryover clause?
What does a carryover clause do? Allows the broker to collect a commission for some period of time after the listing expires.
What is a carryover clause in a listing agreement?
A carry over or protection clause in a listing contract that says the listing broker is entitled to comission for a time period after expeiration of the listing ter if the property is transferred to a prospect that the broker introduced to the property during the lisitng term; override clasue.
What occurs during a walkthrough?
During the walkthrough, a buyer and their real estate agent will go through the property. They’ll check that there’s no new damage, that all the home’s systems and appliances included in the sale are still working and that the home is in a clean condition.
Which method can be helpful and tracking your advertising results?
The best way to track the effectiveness of your advertisements and measure “call-in” volume is to have use call tracking. With call tracking, you make a different telephone number for each of your marketing formats and track incoming calls using software.
Which of the following is an example of commingling?
Which of the following is an example of commingling? Putting a client’s escrow money into the broker’s operating account.
What piece of information is missing from a blind ad quizlet?
What piece of information is missing from a blind ad? An ad that does not identify the advertiser as a broker is known as a blind a and is illegal in many states.
What does CMA determine?
A comparative market analysis (CMA) is an estimate of a home’s value used to help sellers set listing prices, and to help buyers make competitive offers. The analysis considers the location, age, size, construction, style, condition, and other factors for the subject property and comparables.
What are the two forms of advertisement that a brokerage is involved in quizlet?
bait-and-switch advertising.
What type of information can a licensee freely provide to a customer?
A licensee can show the same properties to any client and that client can make an offer through the licensee provided a waiver is signed prior to the showing. *A licensee can show the same properties to any client and that client can make an offer through the licensee without violating the agreement.
What are brokerage activities?
Brokerage Activities means (i) providing advice or recommendations to any potential investor relating to the advisability of investing in FreeButton, (ii) negotiating any investment in FreeButton, (iii) engaging in any form of solicitation of investors, (iv) delivering or distributing offering memoranda or any
Which of the following business entities is generally prohibited from brokering real estate?
which of the following businesses entities is generally prohibited from brokering Real Estate? A brokerage that is not affiliated with a franchisor. a single employing broker who has an active broker’s license. fulfill the fiduciary duties owed to the broker and the broker’s clients.
What value does tracking and following up on expired listings provide?
What value does tracking and following-up on Expired Listings provide? Provides the community a snapshot of marketing trends.
What can you do to increase your chances of extending a listing that is about to expire?
What can you do to increase your chances of extending a listing that is about to expire? Call some friends and ask them to tour the property. Meet with your sellers a few weeks before the listing expiration and review with them your marketing efforts.
Who owes fiduciary duties in a single agency relationship?
1. Who owes fiduciary duties in a single agency relationship? The single agency relationship is the only one that establishes a fiduciary relationship, which legally allows the seller or buyer as principal to place trust and confidence in the broker as his or her agent.
