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Ignite Final Exam - Keller Williams Heritage Flashcards | StudBud
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Ignite Final Exam - Keller Williams Heritage
Ignite Final Exam - Keller Williams Heritage
60 terms
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StudBud Administration
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13 plays
A final exam of our six week Ignite class.
Flashcards
60 cards
F
Practice quiz
P
Host live
L
Questions
60
Answers
1
What four words should never be in an amendment when a lender is involved?
Show me the money.
The bodies are buried in the back yard.
In lieu of repairs...
2
Where is the best location to have the buyer needs-consultation?
At the office in a conference room.
At the agent's home.
At the client's current home.
At a coffee shop.
3
A website that allows you to create marketing such as Facebook covers, newsletters, and flyers.
Canva
Facebook
Createfreemarketing.com
Kellerwilliams.com
4
Tool storing prospect/client contact info, regulary updated, sorted, organized, & maintained.
A database.
None of these.
Card catalog like the Dewey Decimal System.
Your steel trap of a mind.
5
What's the difference between a post and a story on Instagram?
Post is forever. Story disappears after 24 hours.
There is no difference.
Story is forever. Post disappears after 24 hours.
There are too many differences to list.
6
When preparing a repair amendment, should youattach pages from the inspection report?
Yes
No
7
When there is a new updated form, they are:
updated in master and personal templates.
updated in current docs (all).
updated in current docs (all) and in master template.
updated in current docs (all) & master & personal templates.
8
What is the goal of your calls?
Appointment
Connection
Referral
All of these.
9
Why do we disclose business relationship w/ OneGuard, the home warranty company.
Because we're told to.
Because it's the nice thing to do.
Because it allows clients to make informed decisions.
Because we don't want other competition.
10
Which of the following is not good language to use in a repair amendment?
Shall
Must
Recommend
11
What is the website to make an appointment for technology assistance?
GeekSquad.com
LetsGetTechy.com
KellerWilliamsHeritage.com
KellerWilliams.com
12
When preparing an offer for buyer, you should get and/or do which of the following?
Pre-qual letter and CMA.
An appraisal.
Review the seller's disclosure.
Lndr pre-apprvl ltr, seller discl, CMA, ensure prprty avlble
13
Why are listings important to have?
Because you make more money.
Because it increases your exposure.
Because they provide leads and leverage.
Because you don't have to do anything.
14
Agents can use this important layer of protection when meeting potential client after phn call.
A bazooka
A meeting in the conference room at the office.
A taser.
The IABS.
15
How many times per day should you post in social media?
5 times per day.
1 time per day.
Whatever you're comfortable with.
3 times per day.
16
Please remember that part of the exam grade will be your 1 - 3 - 5 business plan.
I will not plan to sell real estate.
I will review t 1- 3 - 5 business plan requirements for exam
I will not be prepared.
I will not study.
17
What are the four essential parts needed when creating authentic Facebook business page posts?
Long posts, political opinions, hashtag, emoji.
picture, hashtag, blog, emoji.
Picture, hashtag, title, emoji.
Picture, hashtag, title, ssn.
18
A local expert is someone who
None of these.
does a lot of research in other cities.
talks to a lot of people.
knows their area and proves it on social media.
19
Which of the following are in the Ignite Tookit?
All of these.
Buyer Needs Analysis
Home Tour Checklist
Seller Prequalification
20
What are the 5 duties in a Realtor's job description?
Network, socialize, open houses, Certifications, Marketing
Write contracts, Negotiate, Read, Analyze, Network
None of these.
Lead Gen, FollowUp, Scripts, Go on Appts, Negotiate Contrcts
21
Which of the following comparables would be best used in CMA?
Recently sold homes in the area.
Recently for sale homes in the area.
None of these.
Recently pending homes in the area.
22
What is the best way to promote your business digitally?
Snap Chat
Craigslist
Facebook
Canva
23
When is the best time to ask for a potential client to sign the buyer-representation agreement?
After viewing 3 homes.
After the needs-consultation.
Before meeting them in person.
When you first sit down with them.
24
When writing offer for buyer do which of the following?
Understand any conveyances that stay with the property.
Review price and terms with buyer.
All of these.
Understand buyer finance terms, attach buyer approval lttr.
25
There are 2 ways to input contacts. What are they? Pick two.
Using an Access database.
Manually enter each one.
Osmosis.
Via import through Excel spreadsheet.
26
What website is used to find local expert content to post to your Facebook business page?
kellerwilliams.com
kwheritage.com
Facebook.com
kwsanantonio.com
27
In paragraph 23, when does the option period start?
The day after execution.
One day before the last person signs.
Three days after.
The day of execution.
28
In a multiple offer siutation, the seller can do which of the following?
Inform buyers of multiple offers, set deadline 4 revised.
Reject all offers.
Accept or negotiate with only 1 offer.
All of these.
29
What is the conversion ratio for the 12 Direct Campaign according to the MREA?
50:1
20:1
12:1
25:1
30
From the following, pick at least 2 places to find scripts.
Another Agent
Ignite Manual
KW Blog
Internet Search
31
What is the name of the free service our sellers can use to complete seller disclosure?
Clue Report
SellerShield.com
Freesellersdisclosure.com
Lawsuitsarefun.com
32
Your most power business asset is your
best friend.
smart phone or other electronic device(s).
bank account.
A well-organized dynamic database.
33
Which of the following are correct statements about TAR and TREC? PICK TWO❗❗
TREC publishes broker forms, TAR makes the rules.
TAR is trade association org to advance intrest for Realtors
TAR runs the MLS, TREC runs the CSS.
TREC is government agency established to protect consumers.
34
What is the minimum number of inspectors you must provide to Buyers?
4
3
15
1
35
In order to brand yourself, you must use the same photo on every single resource that you use.
False
True
36
What date must be included in a Listing Agreement or a Buyer's Representation Agreement?
Inspection Date
Birth Date
Closing Date
End Date
37
How many comparable homes should be used in a CMA?
5
6
No set numbers. Varies depending on the neighborhood.
3
38
To be able to use a lead capture form on MLS, what must be active?
Transaction Updates
Search functions
Client Favorites
Leads Inbox
39
Only insecure, failing agents ask questions and seek help from staff and other agents.
True
False
40
What are the three L's of real estate?
Leads, Latitudes, Love
Listings, Leads, Leverage
Location, Location, Location!
Loans, Life, Listings
41
What is the ammount of commission you are required to charge a Seller?
1%
6%
3%
No set amount, it is between you and the seller
42
Facebook allows you to choose demographics you want to target when creating an ad.
False
True
43
What items are most beneficial to discuss on your social media platform to grow business?
Race
Politics
None of these.
Religion
44
What forms of technology can be used in writing up paperwork with Dotloop?
All the above
Tablet
Desktop
Smart Phone
45
Your business is your...
best defense.
baby.
your brand.
database.
46
What one thing can you do to set you apart from the majority of Realtors out there?
Provide gift cards giveaways at open houses.
Lead generate.
Go on appointments.
Review contracts.
47
When performing a needs-consultation, what kinds of questions do you want to ask?
Short questions so they don't think you're being too nosy.
Open ended questions that create conversation.
Closed ended questions that require a yes or no.
None of these.
48
Regardless of sales/production for year, what must you do each month to qualify for phone duty?
Shadow someone.
All of these.
Sign up in Red Book every month.
Attend team meetings.
49
Earnest money is required in a 1-4 contract.
False
True
50
What are the 2 most important questions you should ask during conversation on phone duty.
How old are you? Have you been divorced?
Have you been pre-qualified? Are you working w/ a Realtor?
What's your date of birth? How many kids do you have?
What neighborhoods do you like? Are you married?
51
How long does it take to master something?
1,000 hours.
1 year.
5,000 hours.
10,000 hours.
52
What is the purpose of Page 9 of the 1-4 contract?
Offer price
Non-realty items
Seller's Disclosure
Broker info
53
Facebook allows you to schedule your posts 6 months ahead.
False
True
54
Convert your Instgrm page from personal to business. You can see analytics like profile visits.
True
False
55
What is the conversion ratio for the 33 Touch Campaign according to the MREA?
10:2
12:2
50:1
12:1
56
TAR forms are mandatory to use.
True
False
57
With wire fraud being of concern, when is good time to remind client to verify wire instrctions
At the first face-to-face meeting.
When title company sends out settlement statements.
While negotiating repairs.
At the closing table.
58
When representing seller, you must review offer completely to understand all terms, including
Review offr ensuring n range w/ sllr expects & clsg dt works
Review address to ensure correct home being sold.
Confirm cnveyances buyr wants & buyr contingencies.
All of these.
59
What are the top four rooms of importance in staging?
Kitchen, Master BR, Office, Bathroom
Kitchen, Master BR, Breakfast Area, Living Room
Kitchen, Bathroom, Patio, Office
Kitchen, Master BR, Living Room, Dining Room
60
For reimbrsmt, expnses are stated in listing agrmnt w/ reqrmnt Seller pays at termntn or sale.
True
False
