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Accounts Management in the Real Estate Industry

Total questions: 28

Worksheet time: 50mins

Name
Class
Date
1.

What does CRM stand for?

a)

Consumer Relationship Management

b)

Customer Relationship Management

c)

Client Relationship Management

2.

What is the significance of CRM in real estate?

4 lines
3.

What is superannuation?

a)

Super is a separate account, paid into by the employer, to use on sick days

b)

Superannuation is an account, paid into by your employer, which can be accessed during retirement

c)

Super is an optional retirement savings scheme

d)

Super Annuation is a Marvel super hero

4.

List the three (3) types of work.
Hint: what type of contract the employee has...

4 lines
5.

What does CRM help keep track of?

a)

Staff and customers

b)

Sales and customer

c)

Staff and Sales

d)

Just sales.

6.

What does CRM help keep track of? Write full sentences to explain your answer.

4 lines
7.

What is the difference between Key Account Management and Selling?
Use full sentences in your explanation

4 lines
8.

Why should businesses invest in skilled account management personnel?

a)

Keep customers happy

b)

Increase revenue

c)

To support current staff workloads

d)

Make sales and build an audience

9.

What is overtime? Your response should:
1. Give a definition of overtime
2. Provide an example of overtime

4 lines
10.

Which is NOT the responsibility of an employer?

a)

Hire and dismiss staff

b)

Provide a safe environemnt

c)

Be fair to all employees

d)

Ensure the staff kitchen always has donuts

11.

Which of the following is not a type of pay?

a)

Wage

b)

Salary

c)

Commission

d)

Overtime

e)

Penalty Rate

12.

What are three (3) rights you have as an employee?

a)

Receive correct pay

b)

Have a safe workspace

c)

Right to privacy

d)

Put feet on furniture

13.

Which act IS NOT relevant to real estate agents when managing the tenancy process?

a)

Privacy Act 1988

b)

Anti-Discrimination Act 1991

c)

Australian Education Act 2013

14.

What does a "Tax Table" contain?

4 lines
15.

Why is it important as an employee to understand your rights?

4 lines
16.

Do real estate agents need a license?

a)

Yes

b)

No

17.

How is Excel more effective in completing pay slips than people? Refer to the features Excel has within your response.

4 lines
18.

What are penalty rates? Provide an example in your response.

4 lines
19.

What is commission?

4 lines
20.

How many weeks rent make up the bond amount?

a)

2 weeks

b)

4 weeks

c)

6 weeks

d)

8 weeks

21.

What is the difference between net and gross pay?

4 lines
22.

What does REIQ stand for?

a)

Real Estate Industry Queensland

b)

Real Estate Information Queensland

c)

Real Estate Institute of Queensland

d)

Real Estate Incoporated Queensland

23.

What is the difference between salary and wages?

4 lines
24.

True or Fales:
Companies across all industries use Excel every day.

a)

True

b)

False

25.

Select the best definition of the real estate industry.

a)

The buying and renting of property

b)

The selling and renting of property

c)

The selling and renting of commercial property

d)

the selling sna renting of residential property

26.

What are the four (4) main categories of real estate property?

4 lines
27.

What does the SUM function in Excel do?

4 lines
28.

What does RTA stand for?

(a)