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Business English Exercises
 

Real Estate Brokers

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 110
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real estate brokers answer 1
Real estate agents and brokers act as intermediaries in price negotiations between buyers and sellers.

Correct answer: (a) intermediaries

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real estate brokers answer 2
When selling real estate, brokers arrange for title searches and for meetings between buyers and sellers during which the details of the transactions are agreed upon and the new owners take possession of the property.

Correct answer: (d) possession

Meaning of business term possession
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real estate brokers answer 3
Brokers spend a significant amount of time obtaining listings-agreements by owners to place properties for sale with the firm.

Correct answer: (b) listings

Meaning of business term listings
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real estate brokers answer 4
A broker may help to arrange favorable financing from a lender for the prospective buyer; often, this makes the difference between success and failure in closing a sale.

Correct answer: (a) closing

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real estate brokers answer 5
In the prequalifying phase, the agent determines how much the buyers can afford to spend.

Correct answer: (a) afford

Meaning of business term afford
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real estate brokers answer 6
In addition, the agent and the buyer usually sign a loyalty contract which states that the agent will be the only one to show houses to buyers.

Correct answer: (c) a loyalty

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real estate brokers answer 7
Agents identify and emphasize the most pertinent selling points.

Correct answer: (d) pertinent

Meaning of business term pertinent
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real estate brokers answer 8
To a young family looking for a house, they may emphasize the convenient floor plan, the area's low crime rate, and the proximity to schools and shopping centers.

Correct answer: (c) proximity

Meaning of business term proximity
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real estate brokers answer 9
If bargaining over price becomes necessary, agents must follow their client's instructions carefully and may have to present counteroffers in order to get the best possible price.

Correct answer: (c) counteroffers

Meaning of business term counteroffers
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real estate brokers answer 10
Once both parties have signed the contract, the real estate broker or agent must make sure that all special terms of the contract are met before the closing date.

Correct answer: (c) met

Meaning of business term met
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