GM Trivia
Acquisitions 101
Title & Escrow
Rehab
Systems & Workflow
100

What is the GM's middle name? 

Scott

100

What's the current monthly AA offer target?

60 Offers

100

What does title insurance insure? 

Ownership of property
100

Where can an agent find the Rehab calculator? 

Google drive

Denton > Dispositions > Resources 

100

How many points towards the quarterly competition can a AA earn if they post 5 daily offers to their team Groupme? 

10 points

200

How many MLS deals did the GM close? 

A) 54

B) 162

C) 92

D) 201

162 beautiful units 

200

What defines an AA relationship?

They are exclusive to working with you. 

Like a wife or husband

200

What important information is on the Schedule C?

Items needing to be cleared ex. mortgage liens, tax liens, abstracts of judgment, and assessment liens.

200

What is pictured and what is it's function? 

Plumbing clean out. 

Gives access to sewer line. 

200

If you're looking to see what percentage we have purchased and sold in a particular city where would you find that? 

The Deal Tracker 

300

Discipline is a....

Skill

300

What is an AA's number 1 asset? 

Their DA team


300

What is an AOH and why might title need one? 

A legal document used to transfer ownership of a property to hiers. Mostly used when there was no will or it was not accepted by the court. 

300

How much does it cost to completely replace a HVAC system for a 1500 sq/ft house? 

$4,000

$500 per unit (2)

$1 per sq/ft

300

In what scenario are you able to transfer a deal if the property was worked properly in SF?

If your contact has the contract and they verify an existing relationship. 

400

Three truths and a lie


1) Unplanned earlier labor due to drunk driver

2) Published Poet in Texas 

3) Bass vocalist for school competition choir

4) Related to Famous Jazz musician John Richard Handy III

Not related to John Richard Handy III

400

Name 3 lead generation sources that are NOT MLS Hotsheets, Social media, or HomeGo 

1) MLS saved searches

2) Bush buys

3) Email Campaign

4) Text Blast 

5) Dial Realtors

6) Meet-ups


400
How much are the NW POC's on a property where the acquisition price was $450,000. 

$500 Acquisition Fee

$650 Funding Fee

400

In what order do you rehab the following aspects of a property? 

1) Roof

2) Foundation

3) Cosmetics

4) Plumbing

1) Foundation 

2) Plumbing

3) Roof

4) Cosmetics

400

In what order does a PAP get placed in? 

1) Multimap 

2) Tax record

3) Cover Page

4) CMA single line

1) Cover page 


2) Tax Record

3) CMA single line

4) Multimap

500
What is the GM's birthday? 00/00/0000

10/25/1991

500

Which income producing activity would likely merit the highest probability of success towards buying a deal? 

A. 30 social media DM's

B. 5 lowball offers

C. 40 text messages

D. 20 answered calls

You all have beautiful voices 

500

What is a MERP?

Medicaid Estate Recovery Program (MERP) A lien the state can place on an estate for Medicaid Services during the lifetime of the owner

500

Which wall is not load bearing?

Interior walls that run parallel to the ceiling trusses

500

Bonus points (if you show your work)

Approve the following HUD's

Fee is 30K 

$27,500 fee off 

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