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Welcome to the Level 2 Property Acquisition Quiz.

You have three chances to pass this level with a 70% or better.

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Question 1 of 20

1. Question
5 point(s)
You should have your realtor pull comps from the MLS to determine if any of the properties you are interested in have potential (a little less than market value)
- True
- False
Correct

Incorrect
Question 2 of 20

2. Question
5 point(s)
Once your HUD bid is approved, you have 24 hours to submit your packet?
- True
- False
Correct

Incorrect
Question 3 of 20

3. Question
5 point(s)
Which of the below options is Not a good way to make your offer?
- Send your realtor what you want to offer.
- Get a State Contract from your Realtor and send them your offer.
- You can send an offer directly to the listing agent.
- Send your mayor what you want to offer.
Correct

Incorrect
Question 4 of 20

4. Question
5 point(s)
What are the Two areas you should be focusing on to find the most deals?
- Low Income and High Income
- Working Class and High Income
- Middle Class and High Income
- Low Income and Working Class
Correct

Incorrect
Question 5 of 20

5. Question
5 point(s)
What is the Direct Mail Marketing Campaign industry average?
- 1%
- 3%
- 20%
- 30%
Correct

Incorrect
Question 6 of 20

6. Question
5 point(s)
In a Direct Mail Marketing Campaign, if you sent out 2,000 absentee owners, and 1,000 others for 3,000 Total drops. You should receive around how many phone calls on your campaign?
- 1
- 90
- 1500
- 3000
Correct

Incorrect
Question 7 of 20

7. Question
5 point(s)
Two great ways to find vacant houses are to drive around looking for them a few hours a week and pulling a list of vacants from your Lead Pipes account in AI Office Software?
- True
- False
Correct

Incorrect
Question 8 of 20

8. Question
5 point(s)
Sending out how many letters/postcards to targeted areas consistently should result in 1 to 2 deals?
- 20
- 200
- 2000
- 20,000
Correct

Incorrect
Question 9 of 20

9. Question
5 point(s)
Which of the below options is Not a reason why Direct Mail is one of the best strategies to find deals?
- It allows you to send your message directly to the customer/potential seller.
- It allows you to mail heavy items to the customer/potential seller.
- Most motivated sellers repond best to mail.
- you can track it easily (so you know what's working).
Correct

Incorrect
Question 10 of 20

10. Question
5 point(s)
What is an Absentee Owner?
- A person who owns a property but does not live in it.
- A person who owns a property and does live in a property.
- A person who owns a property but lives in a tent in the backyard.
- A person who does not own any property but rents a house.
Correct

Incorrect
Question 11 of 20

11. Question
5 point(s)
If you find out your local probate docs are not online, you can go down to the court house and ask to pull files for the past 2 to 3 months?
- True
- False
Correct

Incorrect
Question 12 of 20

12. Question
5 point(s)
It is a Bad idea to go through all of your direct mail campaigns you’ve already sent,and determine what your response rate for each campaign has been so far?
- True
- False
Correct

Incorrect
Question 13 of 20

13. Question
5 point(s)
Which option below does Not make a good direct mail piece?
- It catches your attention and stands out in a stack of junk.
- It sends a bland message no one will read.
- It makes you feel something.
- It solves a problem.
Correct

Incorrect
Question 14 of 20

14. Question
5 point(s)
Why is it important to have a headline on every direct mail piece you send?
- You do not need to have a headline.
- People like to read big words.
- A headline captures a persons attention and gets them to read the rest of the letter.
- A Headline us used to tell the seller what they should do so there is no need to read the rest of the letter.
Correct

Incorrect
Question 15 of 20

15. Question
5 point(s)
What are two common signs a property might be vacant?
- High Grass and Cars in the Driveway.
- Tall Grass and Sprinklers Running.
- Beer Cans in the Yard and a Person on the Porch.
- Tall Uncut Grass and Notices on the Door.
Correct

Incorrect
Question 16 of 20

16. Question
5 point(s)
What is the Number one way to find Vacant Houses?
- Driving Around Neighborhoods and Looking for Houses.
- Flying in an Airplane over Neighborhoods.
- Browsing the Internet and Google Maps
- There are No Vacant Houses in any Towns.
Correct

Incorrect
Question 17 of 20

17. Question
5 point(s)
After you have found a vacant house and wrote down the address, what should you do next?
- Drive away as quickly as possible.
- Post a Letter or Business Card on the Door.
- Call up your Real Estate Agent and Schedule a Showing.
- Drive to your County Tax Assessors Office and Look up the Owners Name.
Correct

Incorrect
Question 18 of 20

18. Question
5 point(s)
Which of the following is Not a great place you should try to get vacant house listings from?
- Estate Sales & Probate
- Foreclosure Inspectors
- The Boyscouts of America
- Postal Workers
Correct

Incorrect
Question 19 of 20

19. Question
5 point(s)
What is Skip Tracing?
- It is looking up a property owner's address.
- It is looking up a property owners phone number.
- It is looking up who owns a piece of property.
- It is looking up the how long someone has owned the property.
Correct

Incorrect
Question 20 of 20

20. Question
5 point(s)
Which option below would Not be good to Cold Call?
- For Sale by Owner Facebook Group's
- The Local Police.
- For Sale by Owner Craigslist Pages.
- Skip Traced Numbers for Pre-Foreclosures and Vacant Houses.
Correct

Incorrect

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