Ricardo Is a Realtor in Edmonton

question 73

Multiple Choice

Ricardo is a realtor in Edmonton.On Sunday afternoons, he often drives around Edmonton looking for homes for sale by owners.Monday morning he calls those home owners who are trying to sell their own homes and offers his services.What method of prospecting is Ricardo using?

• A)observation
• B)pre-approach
• C)networking
• D)endless chain
• E)centre of influence

---

Definitions:

Current Salary

The present rate of compensation for employment before any deductions like taxes or retirement contributions.

Nash Equilibria

A concept in game theory describing a situation where no player can gain by unilaterally changing their strategy if the strategies of the other players remain unchanged.

Noncooperative Games

Noncooperative games are scenarios in game theory where players make decisions independently, without collaboration, often under the assumption that every participant is trying to maximize their own gain without concern for others' outcomes.

Behavioral Game Theory

An extension of game theory that incorporates insights from psychology to understand decisions in strategic situations where players interact.