Preview Questions Real Estate Agent | Role Specific Skill

Question 1: What is the role of market segmentation in real estate market analysis?

Which action should you take?

Choose only one option

Increasing competition

Reducing marketing costs

Broadening customer base

Narrowing target audience

Question 2: When negotiating real estate commissions, what key point should you focus on to ensure that you secure a fair fee while maintaining a good relationship?

Which action should you take?

Choose only one option

Asking for the highest standard rate without concessions

Explaining the added value your services bring to the transaction

Offering to split the commission with another agent for larger deals

Offering a discount if the seller agrees to a quick sale

Question 3: How does supply and demand affect property valuation in a specific market?

Which action should you take?

Choose only one option

Supply and demand have no impact on property valuation

High demand has no effect on property prices

An oversupply of properties typically reduces prices, while high demand increases them

An oversupply of properties increases prices

Question 4: How should you deal with multiple competing priorities from different stakeholders during a real estate negotiation?

Which action should you take?

Choose only one option

Facilitate a collaborative discussion to find a balanced solution that satisfies all parties' core needs

Prioritize one party over the other to speed up the process

Focus only on the largest stakeholder's needs

Leave the negotiation entirely to another party

Question 5: How does social proof (e.g., client testimonials) influence buyer behavior in real estate sales?

Which action should you take?

Choose only one option

It distracts from the property's features and focuses on agent reputation

It creates urgency, pushing buyers to make quicker decisions

It builds trust and credibility, increasing the likelihood of a sale

It encourages the buyer to negotiate for a better price

Question 6: Which method is most effective for evaluating the value of concessions during negotiation?

Which action should you take?

Choose only one option

Limit concessions to minor terms

Consider the emotional impact on the other party

Avoid offering concessions altogether

Assess the financial impact