Real Estate 1 GEO 1. How are real estate professionals paid?SalaryCommissionBy the hour2. How many homes does the average American purchase in their lifetime?13.533. What is the average home price for September 2017?Over $100,000Under $200,000Over $300,0004. Choose all the statements below that are true. Veterans do not have to have a down payment Veterans do not need to have mortgage insurance VA Loans are guaranteed by the federal government5. Certain Veterans are eligible for a grant up to what amount to purchase, build, modify, or pay down a existing mortgage?$13,355$6,535$81,080Hint6. Easy Geo offers Real Estate Professionals which of the following?a) Veteran Leadsb) Huge amount of phone callsd) Personalized VA Benefit handbooks to use as training and as gifts7. One reason why Real Estate professionals value our service?Real Estate professionals are valued friendsBecause we provide exposure to a valued customer - VeteransVeterans are such nice customers8. What type of property can a Veteran purchase using the VA Home Loan benefit?CondoFarmSingle Family ResidenceAll of the above9. Of the three (3) easy steps to obtaining a VA Home Loan, Easy Geo Fencing and Hometown Hero Project specializes in helping the Veteran do what?Obtain his/her Certificate of EligibilityFinding the right home for his/her tasteFinding a real estate agent and/or lender10. What is a requirement for obtaining the Specially Adapted Housing Grant?Disabled VeteranIn need of a homePurple Heart recipient11. Why would a Real Estate professional want to market themselves as not only the VA Home Loan specialist, but also the VA Home Grant specialists?Because there is likely few local real estate professionals who market themselves as specialists in both areasBecause being a specialists in both areas may stimulate additional Veteran interestBecause being able to market themselves as specialists in both areas gives them a potential edge over other Non-Veteran Preferred real estate professionals in their local marketAll of the above12. It is ok to say? "We'll push the payment out 30 days to show you that this works."YesNo13. On a $250,000 home, because there is no mortgage insurance with a VA loan, a buyer could afford a home worth $42,000 more with the same monthly payment, and would result in how much more in commissions for the realtors?$1806%$2500Hint14. It is ok to ask? "Let me ask you something, how many homes would you have to sell to pay for this service?"YesNo15. It is ok to say? "Since a single home sale would pay for this service, let's get you started and get you some calls. Then, I will push the payment out 30 days and even divide it into four payments."NoYes16. Would it be ok to ask a potential client? "Do you know that besides the generous VA Guaranty Loan benefits, certain Veterans may be eligible for a grant up to $81,080 to purchase or build a home?"NoYes17. Are all Veterans eligible for the VA Grant to purchase or build a home?Yes, all Veterans can get this free moneyOnly Vietnam VeteransNo, the grant is for certain Veterans who, while serving our country, were disabled18. Compared with 63% of non-veterans, what percentage of Veterans own a home?Over 20 Million79%1/6th of the entire homebuyer population19. Are you allowed to state, imply or otherwise suggest that the sale in contingent upon leads, calls, sales, or "seeing how it works".Yes, if the customer is paying upfrontNo, neverIt all depends on how it is said Real Name/Stage Name Unit Time is Up! Posted on August 24, 2019April 24, 2020 By admin