Real Estate Technology: Importance & Benefits

Instructions:

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

question 1 of 3

Why was the Internet Data Exchange (IDX) policy created?

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1. In the real estate industry, what is a lead?

2. Who controls the Multiple Listing Service (MLS)?

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About This Quiz & Worksheet

Technology has helped refine and expedite the home buying process. The quiz focuses on key terms as well as various technologies used by home buyers and real estate professionals.

Quiz & Worksheet Goals

During these assessments you will:

  • Give the purpose of the Internet Data Exchange (IDX) policy
  • Explain what a lead is in real estate
  • Point out who controls the Multiple Listing Service (MLS)
  • Describe closed data

Skills Practiced

  • Information recall - access the knowledge you've gained about an eMortgage
  • Reading comprehension - ensure that you pull the most essential information about closed data from the related lesson
  • Knowledge application - use your understanding to give the meaning of a lead in real estate

Additional Learning

The lesson entitled Real Estate Technology: Importance & Benefits takes a deeper look at this subject. You will learn about:

  • The ESIGN Act
  • Real estate services such as Zillow and Trulia
  • The purpose of URPERA
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