Check Your Understanding-Answers
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What is important to know about unlicensed real estate assistants?
Unlicensed assistants can perform a variety of activities to assist real estate licensees in transactions. However, they may not perform any activity which requires a real estate license.
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What types of office administration tasks are important for a licensed assistant to perform?
A good filing system is critical and should include cross-referencing and indexing components.
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In what three ways can an assistant aid an agent with appointments?
Act as an "appointment reminder."
Compile files with the appropriate blank documents for the agent to take to listing and selling appointments.
Meet with appraisers or inspectors as the agent's representative.
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Why is coordinating escrow so important and how can an assistant help?
The escrow process can make or break a sale. An assistant can talk to the escrow officer to find out what documents have been returned, what documents are outstanding, if all contingencies have been removed and if all conditions have been met.
