Real Estate 6 GEO Posted on July 22, 2019April 22, 2020Author Ray Foster 0 Welcome to your Real Estate 6 GEO Quiz. Press "Next" when ready to begin quiz. According to the National Association of Realtors (NAR) 2016 Member Profile, agents that have been in the industry for more that 16 years earned a median gross income of: $93,400 $73,400 Middle of the roadWhy does it make good business sense for a real estate agent to develop a marketing strategy in the Veteran and military demographic? (Choose all that apply) It is easier for VA Loan buyers to qualify for a home purchase Veterans served our country and thus deserve attention VA Loan buyers have greater purchasing power, and thus the agents earn more in commissionsIf a real estate agent earns yearly commissions of $57,780, is this his gross revenue or net income? Gross Revenue Net Income Disposable IncomeWhy is it important that a real estate agent keep good bookkeeping records? So that the agent knows how much of the gross commissions he or she is actually keeping as earnings So that the agent will have something to read at night Because the IRS requires two sets of booksIt is said that a business is a lot like a snowball. Why is that? Because it can easily melt away Because a business generally starts out small, but as it rolls along it gets bigger Because good business people are cold as iceWhy is it good business for a real estate agent to continue to send holiday greetings, market updates, or simply general greetings to previous home buyers? Nearly 70% of home buyers purchase their second home in the same county and are potential repeat customers Everyone likes a nice real estate agent Cards and email notes cost very littleWho has the artistic control or our customers Ads? Larry Miller in the Art Department The Customer has complete control if he or she takes an active role in the processHow does having ownership and control over all Ads we produce for agents make good business sense? Because it results in less anxiety for control freaks The Ads we produce can be used over and over again in any other marketing thus saving future expenses Real Name/Stage Name Unit Time is Up!