Mondex Qualifying Examination & Interview (EI)

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1. Which of the statement is incorrect about commission

a. My commission will increase .25% in every increase of 5M net peso sale. The increased commission will only apply to new sales after reaching 5M milestone but not to exceed rate ceiling.

b. An agent cannot demand commission if the documents are not yet completely submitted & approved by the developer & the same are not yet released by the developer.

c. Commission fees are subject to withholding tax by the developer and VAT/Fees by Mondex and subject to developer/seller’s policy.

e. Mondex should release commission even if it is not yet released by the developer

e. all of the above

2. The following are NOT the products and services I can make business with Mondex, except

a. Health products

b. Gadgets

c. Beauty products

d. Flight booking

e. all of the above

3. Which is the following statements are correct in relation to site viewing or site tripping.

a. Site tripping and viewing may be mandatory to some real estate developers, but may be waived if client opted not to view.

b. Usual car pooling for site viewing is every Saturday at around 9-10 am.

c. Site viewing can be done any day but vehicle provision is not always available.

d. When scheduling for a site tripping, it is advisable to let the buyer bring a reservation fee and pre-qualify first by requiring him/her to show to you the ID, proof of address, and proof of income.

e. All of the above

4. Which of the following statements are correct in relation to sales process.

a. I have to make sure that Mondex Professionals Realty Network Corp is indicated in the reservation forms provided by the developer.

b. I have to take a picture or get a copy of reservation agreement and official receipt after closing a sale and submit to my manager and Mondex office within 24 hours.

c. I can fill-up the forms provided by the developer to make the process fast and easy on the part of the buyer.

d. I can get the contact number of the developer’s site coordinator from my manager or Mondex office preferably during office hours.

e. All of the above

5. Which of the following statements are true.

a. I could earn .25% or at least 2,500 pesos referral fees even if I have not attended the Sales Training (ST) and passed the Examination and Interview (EI) upon 3rd release of the commission.

b. I could earn basic commission rate, incentive, and qualified to be promoted if I have attended the Sales Training (ST) and passed the Examination and Interview (EI).

c. I will monitor payments of my client so that I can properly bill Mondex for my commission. I can expect commission release on 1st and last Friday of the month only.

d. If I cannot sign the commission voucher personally, I can send signed voucher to [email protected] when I got the commission, otherwise, succeeding commission release will be kept by Mondex until complied.

e. All of the above

6. The following are the products and services that I can make business with Mondex, except:

a. Insurance

b. networking

c. Web services

d. Hotel booking

e. Real estate brokerage

7. Generally, what are the financing modes that may be offered by the seller/developer when purchasing a property.

a. Bank financing

b. PAG-IBIG financing

c. In-house financing

d. Only A & B

e. All of the above

8. What are the documentation proofs that I need to verify from the buyers of the property.

a. Proof of identification only

b. Proof of identification, proof of income, and proof of billing

c. Proof of identification and income, and proof of address

d. B and C

e. None of the above

9. Which of the statements are correct in relation to terms of payment computation.

a. Reservation fee is part of the equity

b. In case loanable amount is not fully approved by the financing institution, the balance will be paid directly to the developer as equity payment.

c. There is no interest payment during equity payment period.

d. The term equity is synonymous to downpayment.

e. All of the above

10. Our client have their own choice of property and they ask you if we handle the project, what will you do.

a. I will contact my direct manager or Mondex office.

b. I will research the property through Google or sites provided by the office and provide the details to the client as initial information

c. I will tell the client that we handle the project and I can assist him/her or I can tell the client that I can refer to someone who are expert on the desired property.

d. All of the above.

e. None of the above

Question 1 of 10

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