Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

Who should a new broker consider adding to their team?

1. Only a real estate photographer

2. Only a marketing consultant

3. A good attorney and a certified public accountant

4. A real estate inspector

The correct answer is: A good attorney and a certified public accountant

Adding a good attorney and a certified public accountant to a new broker’s team is particularly beneficial because both professionals provide essential expertise that can enhance the broker’s business operations. An attorney can help navigate the complex legal requirements of real estate transactions, including contract negotiations, compliance with state regulations, and risk management. Access to legal advice is crucial for resolving disputes and ensuring that the broker's practices are legally sound. Similarly, a certified public accountant is invaluable for managing financial matters such as tax planning, bookkeeping, and financial analysis. An accountant can help the broker understand the financial implications of their business decisions, keeping the broker informed about financial best practices and regulations. Together, these professionals can contribute to creating a solid foundation for the brokerage, ultimately leading to greater success and stability in the real estate market. In contrast, while a real estate photographer, marketing consultant, or real estate inspector provide valuable services, they primarily support specific aspects of the real estate business rather than addressing the holistic legal and financial needs a new broker may encounter. Thus, focusing on a team that includes legal and financial professionals is a strategic move for a broker looking to establish a comprehensive and sustainable business.