Name: Homework 6

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Instructions:  

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Question 1   Multiple Choice (1.0000 points)
  Question: Ethical and legal brokerage practice includes
 
    commingling trust money.
paying commissions to licensees not in the broker's employ.
submitting all purchase offers, even those which are ridiculously low
misleading prospective buyers to help clinch a sale for the client.
practicing steering.
 

 
Question 2   Multiple Choice (1.0000 points)
  Question: Policy changes
I. should be discussed thoroughly and introduced carefully
II. should not be made unless absolutely necessary

 
    I only
II only
Both I and II
Neither I nor II
 

 
Question 3   Multiple Choice (1.0000 points)
  Question: Which of the following is false?
 
    Personnel should be made aware of activity which will lead to termination.
It is possible to administer tests to determine such support skills as typing, stenography, etc.
It is not necessary to contact an applicant's references if they are located out of town
A background investigation is necessary when it appears that it will yield good and useful information on an applicant's ability and character
 

 
Question 4   Multiple Choice (1.0000 points)
  Question: As a small real estate brokerage firm grows, generally the most useful type of salaried personnel to hire full-time at first is
 
    A secretary-receptionist
A bookkeeper-accountant
An attorney
A private secretary for the broker owner
 

 
Question 5   Multiple Choice (1.0000 points)
  Question: In a departmentalized firm
 
    Various aspects of the business have their own managers who report to top management
Activities, even though they are done by the same people, are described as different jobs on organization charts
Support staff works for only a single department of the business
All of the above are true