2012 California Real Estate Exam Prep Questions And Answers

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    You need to make sure you are choosing a real estate office that you like and that will ultimately be the right fit for you. This process should include scouting the area where you want to work as an agent, researching the brokers in that area to...

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    However, in your hunt for the right brokerage, you should come prepared with questions to ask in your interview. Check out this article, which features a video about how to interview a broker , for suggestions on the questions to ask and how to do...

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    Have savings that can tide you over in lean times. At minimum, a real estate agent needs a mobile phone, a car in most places , a computer, and wifi. These are things many brokerages expect you to provide yourself, along with other business startup costs. Although there is some financing available for eligible agents , putting a little money away at a time to ensure you can cover your costs for a couple of months is your best option.

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    In addition, if you do have to tap into your savings account, try to replenish if after you start collecting commissions. Markets have their ups and downs, and there might be some lean times. Learn what your customers really want and then deliver. Customers are hungry for details and answers, and if you deliver them, they will remember and refer you. To become an expert, attend real estate continuing education and take as many professional development courses as you can. Experience is also a great teacher, so note things you learn as you work with customers and your broker. Also, try reaching out to someone in another market who knows more about a given topic than you. Equipped with expertise, encourage your customers to ask questions no matter how big or small.

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    Also, advertise your knowledge by using social media or emails to share information—or see if you can have a column in a local newspaper, online magazine, or realty publication. Hold live information sessions or webinars because they can generate leads when you collect emails and follow up with useful information. A real estate agent who is known for having all the answers is poised for success. Ask everyone you know for referrals—all the time. Referrals are the bread and butter of real estate. Here are some tips for getting referrals that you can use at the beginning of and throughout your career: Ask friends and family. Tell them you intend to work hard for anyone they refer to you. Keep asking. Once people have sent clients your way, ask those clients to tell other people.

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    Go above and beyond. So always go the extra mile. Show your gratitude. Write a thank-you card to each referral source. For your best sources, consider a special token of your appreciation. Use networking possibilities to their fullest potential. Networking is an art that can be fun and rewarding. All it takes is knowing where to network and following a few simple rules for networking. Dress appropriately and professionally. If you look sharp, you make a good impression. Also, listen more than you talk. That conveys empathy and concern, which people appreciate. Focus on helping and answering questions rather than asking for referrals.

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    Just slip someone your card at the end of a conversation. And, finally, enter any of your leads in your customer relationship management system as soon as you can after you leave. Marketing and advertising play a big role in succeeding as a real estate agent. It starts with a memorable slogan that sets you apart. After that, there are a number of ways to effectively reach new clients and market yourself both online and off, on any budget. For example, you can advertise on search engines without shelling out thousands of dollars for a banner ad by using their pay-per-click programs, which only charge you if someone clicks your ad, and the fee for those clicks can be surprisingly affordable for locally-targeted keywords. Social media can also boost your leads with just a small investment.

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    Facebook and Twitter offer ways to advertise at a reasonable cost. And finally, round out your marketing plan with a real-estate-based ad platform, where you can post and highlight listings, as well as engage new clients. The gains often greatly outweigh the initial cost. Embrace working at night and on weekends. People shop for homes in their free time, which is typically nights and weekends. Buyers and sellers expect their real estate agent to be available for showings, open houses, and office visits on their schedules. Instead, embrace it, especially early in your career. Volunteer to work open houses for other agents on weekends. In some cases, it can even lead to a sale in a competitive market or during a bidding war. Clients remember these things and tell their friends, which can lead to referrals. As you become more successful, you can dial it back and work one day of the weekend to balance client service with your personal life.

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    Take advantage of open houses for lead generation. Ignore them. Open houses have sign-up sheets that generate leads, and that makes them cost-effective marketing tools. All an open house takes are sellers who are agreeable, a few hours on a weekend, and a sign. So, on the day of the open house, be prepared for traffic and lots of questions. Use the opportunity to showcase your expertise and market knowledge. Often brokerages are full of busy and experienced agents who are happy for another agent to volunteer for the open house so they can do other things at that time. After talking with the listing agent, you are often able to follow up with names on the sign-in sheet.

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    Always follow up. Following up with interested prospects is integral to being a successful real estate agent. As a best practice, always contact your client about two days after you have shown them around a property. You should also keep following up until your client makes a decision one way or the other. If someone mentions an interest in buying or selling in the near future, make a note of the names and get back in touch a short time later to see how things are progressing.

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    Find out what you need to do to become a real estate agent and then explore our real estate education packages in your state. We asked several accomplished real estate professionals what they wish they knew before they earned their license and started their career, and what they thought all aspiring real estate professionals should know. We put all of their advice into a value-packed eBook.

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    It is unsurprising then, that in the decades since World War II and increasingly following the Cold War, a field devoted to negotiation theory has emerged. The answers were produced as submitted by the applicant,. Answer the easier questions first. The Real Property Division focuses on legal aspects of property use, ownership, development, transfer, regulation, financing, taxation and disposal. This Cheat Sheet introduces some of the most important concepts in contract law — such as contract formation, promises enforceable because of reliance and restitution, the statute of frauds, the […].

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    It MUST answer the question. Of course, it was tough at times, but I learned enough to make it worthwhile. Build a customized financial plan for college. Examples include: Sale of goods contracts; Employment contracts; Landlord and tenant contracts; Banker and customer. An issue arises when the facts of a case present a legal ambiguity that must be resolved in a case, and legal researchers whether paralegals, law students, lawyers, or judges typically resolve the issue by consulting legal precedent existing statutes, past cases. If you are good at real estate law, start with that. Make all the right money moves with Nerdwallet. Bid Questions and Answers is Currently Offline.

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    Flip Shares A while back, I received an email from a reader who is going back to school for an engineering degree. He asked me to write a detailed post on why I gave up my engineering career. Engineering is a great field to get into. However, an engineering career might not be a good fit for everyone. Why did I make such a drastic change? I added my experience since I left the field and my hope for our son at the end.

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    The comments on this post are excellent too. Check them out after the main post. I hope you enjoy this one. Studying Engineering Computers fascinated me when I was young. He set me up with a Defender like game and I was hooked. Prior to that, I only have watched shows on TV. Even a TV was rare in Thailand when I was a kid. My aunt had a TV and the whole neighborhood would cram into the living room to watch the single available channel. Anyway, I tried to learn more about computers at every opportunity. I liked it because it was all about logic. You put something in and you consistently get the same thing out. Studying engineering was an ordeal. The increase in difficulty between high school and the university was too much for lots of people. One of my college roommates was the smartest kid at his high school and he really struggled in college. I did this and also received some credits for being a Teaching Assistant. The upshot is I got an MS in just one more year and was able to find a job relatively easily.

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    The job was still fun because I was learning a ton of stuff and had many friends at work. To me, this was the best period as an engineer. If I could have stayed at this level, I probably would still be an engineer. Ah, good times. The company expected the senior engineers to contribute a lot more. At the entry and midlevel, it was enough to excel at the technical side.

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