ACRONYMS 'R' US
'You got 5 bucks I can borrow?
"REPLY" OF THE TIGER
First Team History
TOOLS / STRATEGIES
100
One of the new forms which was introduced in December of 2015 was the DNA form. What does the acronym stand for and what purpose does the form serve?
Delivery of Notices Addendum... and for bonus points equal to 0..., What purpose does it serve?
100
What are the FHA Loan Limits in Orange County?
Single $625,500 Duplex $800,775 Tri-Plex $967,950 Four-Plex $1,202,925
100
Can you tell me how your company is different than the rest of the real estate brokerages?
Group decides on whether or not to award points on this one.
100
What year was First Team Real Estate established and Where is First Team Real Estate ranked based on Volume against other firms nationally?
Established in 1976. Based on annual Volume, First Team Real Estate ranks 11th in the list of top 200 Brokerage firms in the nation.
100
Which First Team Strategy is used to help you secure more listings when you have secured 1 in a neighborhood?
Home Run 360 Strategy (also known as: Listing Lead Multiplier)
200
Two other New forms introduced in December of 2015 were the RCSD-B and the RCSD-S... What do those acronyms stand for?
Representative Capacity Signature Disclosure One is for buyers and one is for sellers
200
What is Dual Tracking?
Dual tracking is where a lender is processing a foreclosure at the same time they're processing either a loan modification or a short sale. Until a few years ago lenders could do both at the same time. Consequently an owner could be trying to sell their home or negotiate a better rate and terms with the lender, only to wake up one day and find that the foreclosure had been done in the midst of their other efforts and now they no longer own the home.
200
How will you market/advertise my home?
Group decides if answer is worthy of point...
200
In which year did First Team Real Estate first become the #1 Independent Real Estate Company in Orange County? And in which year did we first become recognized as the #1 Brokerage firm in Southern California?
First recognized as the #1 Independent Real Estate Company in Orange County in 1990. That's almost 25 years in a row that we've held that ranking. First recognized as the #1 Brokerage in Southern California in the year of 2002. That's 15 years in a row.
200
What are the 4 different CMA’s that you have access to as a member of OCAR and First Team Real Estate?
Standard MLS CMA, Cloud CMA, NARRPR CMA, and First Impressions CMA
300
You submitted an initial offer on behalf of your buyer and now you've just received an SMCO-1, which form should you use to respond if your buyer instructs you to prepare a counter-offer on their behalf?
Form BCO-1 Should be used to respond to a Seller's Multiple Counter Offer 1 if the buyer is interested in continued engagement.
300
What is the maximum amount of Seller Concession you can get for a buyer through escrow?
Answer: This often times depends on the amount of down payment applied toward the purchase, the lender used and the type of loan one is using.
300
I’ve seen this marketing plan from several different agents, what makes yours different?
Group determines if this answer is awarded the points
300
In which year did First Team Real Estate first launch SNEAKPREVIEW?
SNEAKPREVIEW was launched in the year of 2003.
300
Name the 3 Market Tracking Tools available to you directly through First Place?
Market Trends, Trend Graphix, and Collateral Analytics. See also Luxe Analytics. And through the MLS, you have access to Info Sparks
400
What is the alternate form which one can use in place of the SPQ?
This is a trick question, the SSD is no longer an available form in the Zip Forms Library.
400
Do purchasers of Condominiums pay a different interest rate than purchasers of Single-Family Residences?
In most cases, yes. It can be up to a 1/2% difference or more depending on the lender and the buyer situation.
400
What specific tactical steps will you take or have you taken to ensure we price my home correctly?
Participating group determines if answer provided earned the points.
400
In which year did First Team Real Estate create and first introduce Market Trends?
This proprietary real estate trend tracking software was created and launched in the year of 2005
400
What's the name our exclusive and proprietary system which uses sophisticated technology to pinpoint the very best values on the market based on Price, Quality, Location and many other Data Points. And tell us what year it was introduced by First Team Real Estate.
The system is called HOT BUY's. It was developed and introduced by First Team Real Estate in 1995.
500
What is the ESD form? and When might this ESD be used in place of the SPQ?
This Exempt Seller Disclosure took the place of the SSD.
500
What are some of the differences between FHA and VA to a buyer who can qualify for both?
If a minimum of 3 differences are not referenced... let's have a group discussion.
500
What do you think about starting a little high and that way we have some room to negotiate?
Participating group determines if answer provided earned the points.
500
In which year did First Team Real Estate first launch the use of the S.O.L.D. Report? And what is it's primary use?
The Seller's Online Listing Display report was first launched in 2011. It's an exclusive tool to First Team Real Estate which allows agents and their Lease or Listing clients to keep apprised of the Online and now also some Offline marketing efforts being put forth by the First Team agent and the marketing team.
500
What is the name of the First Team Real Estate tool which allows one to Compare and Contrast either an Agent's Statistics or the Company's Statistics on a County, City, Zip Code or Neighborhood level in order to identify where one might have an edge in the market? And when should it be viewed and used?
This First Team Comparison tool is called Market Edge. It should be viewed and used each and every time you have a new Closing.
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