Types of Business Models & Offers in Real Estate

Instructions:

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

question 1 of 3

Which term best describes the different ways a seller can work with a buyer, such as traditional brokerage, discount commissions, or fee for service?

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1. There are different ways that an agent can work with a real estate client. What is one of the characteristics of a traditional brokerage?

2. One real estate business model is For Sale By Owner (FSBO). What is the key element of a FSBO listing?

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About This Quiz & Worksheet

Topics covered in this quiz are real estate relationships, business models and offers related to real estate. Why not review them with this resource now?

Quiz & Worksheet Goals

With this tool you'll check what you know about:

  • Key element in a For Sale by Owner (FSBO) listing
  • Owner requirement when multiple offers are received on the house
  • A term describing the different ways a seller can work with a buyer
  • When real estate backup offers exist
  • A characteristic of a traditional brokerage

Skills Practiced

Try using this quiz to practice:

  • Knowledge application - use your knowledge to answer questions about FSBO listing key element
  • Interpreting information - verify that you can read information regarding a traditional brokerage characteristic and interpret it correctly
  • Information recall - access the knowledge you've gained regarding real estate backup offers

Additional Learning

Types of Business Models & Offers in Real Estate is the companion lesson to this resource. Why not try using it now to back up your learning? You'll find out more about:

  • Drawbacks of traditional brokerages
  • The definition of multiple offers
  • Problems and advantages of discount commissions
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