Real Estate 101
How do you correctly pronounce this word: Realtor
Real-tor, 2 syllables
These 2 individuals ran for President of the United States
Kamala Harris & Donald Trump
According to the MREA, this activity is the most important job of a real estate agent.
Lead Generation
These four elements are required for a real estate contract to be legally binding.
offer, acceptance, consideration, and legal capacity
Finish the sentence:
No pressure;
What is No Pressure; No Diamonds
This legal document that transfers ownership from one party to another.
What is a deed.
This European city hosted the 2024 Summer Olympics, marking its 3rd time as host.
Paris
This model outlines how agents can systematically grow their business and achieve a seven-figure income.
Economic Model
This is the deposit a buyer puts down to show they are serious about purchasing a property.
Earnest money
Clarity is
What is Clarity is Power
This is the term for an increase in property value over time.
Appreciation
In April 2024, this artist became the world's first musician to become a billionaire solely from songs and concerts
Taylor Swift
These three pillars form the foundation of a successful real estate business according to the MREA.
Leads, Listings, Leverage
This common contingency allows buyers to back out of the contract if they cannot secure a loan.
Financing contingency
Focus on the plan,
Focus on the plan, not the problem
This is the name of the process by which a home is evaluated to determine its market value for listing or financing.
What is an appraisal
At the 96th Academy Awards in 2024, this director won Best Director for the film "Oppenheimer."
Christopher Nolan
The MREA recommends spending no more than this percentage of gross income on expenses.
30%
This section of a real estate purchase agreement details what items will remain with the property after the sale.
Inclusions
Change your thinking-
Change your thinking-change your world!
This U.S act, passed in 1862, offered settlers land for free as long as they lived on it and improved it.
What is the Homestead Act
In February 2024, this private spacecraft became the first to land on the Moon, operated by the U.S. firm Intuitive Machines.
Odysseus
The MREA advocates using this ratio of prospecting to marketing activities to build a balanced lead generation plan
50/50
For a real estate contract to be enforceable, it must be signed by this party or parties.
The buyer and the seller
__________ is a conditioned reflex.
Spontaneity is a conditioned reflex