Preview Questions Real Estate Agent | Role Specific Skill

Question 1: How can you increase urgency during negotiations to secure a quicker close when dealing with a buyer that seems unwilling to commit?

Which action should you take?

Choose only one option

Create a sense of scarcity, such as a limited-time offer or multiple buyers showing interest

Reassure them that waiting will not impact the deal's outcome

Offer a series of price reductions

Push for a significant deposit to show commitment

Question 2: How can location-based trends (e.g., gentrification) affect property values?

Which action should you take?

Choose only one option

They can drive up property prices in specific neighborhoods as demand increases due to improvements

They only impact properties in urban centers

They do not affect the value of properties in a specific area

They cause uniform property price increases across all regions

Question 3: Which of the following is most likely to trigger a contract breach in a real estate transaction?

Which action should you take?

Choose only one option

A delay in making earnest money deposits by the buyer

Failure to meet a specified contingency within the agreed time frame

A delay in completing inspections by the buyer

A failure to disclose a minor defect in the property

Question 4: When negotiating a commission split between a buyer's agent and seller's agent, which approach is generally considered the most professional?

Which action should you take?

Choose only one option

Highlight the seller's agent's experience to justify a larger share

Propose an equal split to ensure fairness and minimize friction

Offer variable commissions based on the value of the transaction

Negotiate based on future referrals and long-term partnership

Question 5: What role does predictive analytics play in modern CRM systems for real estate?

Which action should you take?

Choose only one option

Identifies potential customer behavior

Eliminates manual follow-ups

Recommends optimal listing prices

Improves contract drafting

Question 6: What is the difference between an MOU (Memorandum of Understanding) and a binding contract in real estate?

Which action should you take?

Choose only one option

MOU requires notarization, contracts do not

MOU is used only for lease agreements

MOU is legally enforceable, binding contracts are not

MOU outlines intent, contracts establish obligations