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Understanding Builder Relationships in Real Estate

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the main function of new construction builders do in real estate?

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1. New home builders have several functions. When they build pre-designed homes, when do they typically pursue buyers?

2. What may limit the number of homes a builder can build at once?

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About This Quiz & Worksheet

The key to building relationships with builders is knowing what they do and what is important to them. You will be quizzed on your understanding of new construction tasks with relation to real estate agents and under what constraints builders work.

Quiz & Worksheet Goals

Use this quiz to test your knowledge about the following topics:

  • Main purpose of new construction builders
  • Builder method(s) of selling houses
  • Timing for new home builders seeking buyers
  • Limitation(s) on building inventory
  • Value of showing new model homes

Skills Practiced

This quiz and worksheet will test you on the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related builder relationships in real estate lesson
  • Information recall - access the knowledge you gained regarding what builders do and how they use real estate agents
  • Knowledge application - use your knowledge to answer questions about home building constraints
  • Distinguishing differences - compare and contrast topics from the lesson, such as pre-designed and custom homes

Additional Learning

To learn more about builder relationships, review the accompanying lesson Understanding Builder Relationships in Real Estate. The lesson will help you study:

  • Regulation differences regarding representation
  • Various reasons why builders show a model home
  • Why builders limit their inventory
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