Which statement in brokerage firm policy manual

Assignment Help Operation Management

Reference no: EM132199325

1. The statement in a company's policy manual that would BEST describe the company's position concerning equal opportunity would be, ''Sales associates

A) may not allow a buyer to sign a purchase offer before the buyer has an opportunity to review a good-faith estimate of the annual percentage of interest.''

B) must inform buyers of their opportunity to be shown all known closing costs before the buyers sign an offer to purchase property.''

C) must provide a brokerage relationship disclosure, as required by Florida law, disclosing to buyers that they have an opportunity to have a single-agent or transaction broker.''

D) must at all times ensure that all customers are treated equally well, regardless of race, color, creed, national origin, familial status, or handicap.''

2. Which statement in a brokerage firm's policy manual would apply to employees but NOT to the independent contractors?

A) ''Deposits from buyers must be turned over to the broker within one business day.''

B) ''One 15-minute break is available in the morning and one in the afternoon, but no more than one person may be on a break at any given time.''

C) ''Telephone solicitation must conform to the requirements of the federal do-not-call rules.''

D) ''Disclosure of our brokerage relationship must be made to a customer before showing a property or entering into a contractual agreement.''

3. What is a subject a broker might cover in an indoctrination course?

A) Answers to objections

B) History of the company

C) CMA preparation

D) Recent changes to the license law

4. A broker anticipates startup costs to be $25,000. While monthly expenses are expected to be about $7,000, the broker believes that will be reduced by about $4,000 per month by commissions earned. What minimum amount of capital should the broker have available?

A) $43,000

B) $25,000

C) $32,500

D) $67,000

Reference no: EM132199325

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