Chapter 15. The Housing Bust and the Demise of the Six-Percent Commission

EIA Activity: The Housing Bust and the Demise of the Six-Percent Commission

Click on the links on the right to answer the following questions.

  1. Question

    Use Link 1 to answer the following question. True or False: There are currently over 3,000 real estate agents to choose from in Sarasota, Florida.

    A.
    B.

  2. Question

    Use Link 2 to answer the following question. True or False: There are currently over 30,000 real estate agents to choose from in New York City.

    A.
    B.

  3. Question

    Use Link 3 to answer the following questions. True or False: The homeowner (seller) does NOT have the right to negotiate the commission charged by the real estate agent.

    A.
    B.

  4. Question

    True or False: Full-service real estate agents typically charge more than fee-based real estate agents.

    A.
    B.

  5. Question

    Use Link 4 to answer the following question. True or False: It costs $31.50 to take the real estate license exam in the state of Florida.

    A.
    B.

  6. Question

    Use Link 5 to answer the following question. Which of the following are considered basic costs in order to become a real estate agent?

    A.
    B.
    C.
    D.
    E.

  7. Question

    Why is there so much competition among real estate agents?

    Your response will be graded by your instructor.
    Why is there so much competition among real estate agents?
  8. Question

    Have you ever considered becoming a real estate agent? Yes or no? Explain.

    Your response will be graded by your instructor.
    Have you ever considered becoming a real estate agent? Yes or no? Explain.

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