Preview Questions Real Estate Agent | Role Specific Skill

Question 1: In a negotiation, why is it critical to uncover the underlying interests of the other party?

Which action should you take?

Choose only one option

To create more options for agreement

To force the other party to compromise

To limit negotiation scope

To offer irrelevant solutions

Question 2: What does a high absorption rate in the residential real estate market typically indicate about the current market conditions?

Which action should you take?

Choose only one option

Excessive supply and a slowing market

Strong demand and a healthy seller's market

Weak demand, leading to a buyer's market

High prices with low competition for properties

Question 3: 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 4: How does infrastructure development (e.g., new highways or airports) influence the real estate market trends in nearby areas?

Which action should you take?

Choose only one option

It has no effect unless the development is very large scale

It leads to increased demand for residential and commercial properties

It lowers property values due to increased noise and traffic

It makes properties more desirable, causing appreciation in prices

Question 5: How does gentrification in an urban area typically affect real estate property values?

Which action should you take?

Choose only one option

It increases property values as the neighborhood improves

It has no impact on real estate values in most areas

It leads to decreased property values due to rising costs

It creates uncertainty in the market, causing volatility

Question 6: In a negotiation for a commercial property lease, how do you balance your client's needs with the landlord's requirements to reach a fair deal?

Which action should you take?

Choose only one option

Negotiate terms such as rent, duration, and repair responsibilities while considering both your client's and the landlord's key interests

Avoid discussing repairs and focus only on the rent amount

Ignore the landlord's requirements and focus only on your client's needs

Only focus on the commercial value of the property