Preview Questions Real Estate Agent | Role Specific Skill

Question 1: How does market liquidity impact a real estate agent's valuation of a residential property in a slow-moving market?

Which action should you take?

Choose only one option

Liquidity has little impact on the property's actual value

Liquidity only affects commercial properties

Low liquidity often leads to undervaluing properties

High liquidity will likely drive up property values

Question 2: In property valuation, what does the term ?comparable sale? refer to?

Which action should you take?

Choose only one option

The sale price of a property with similar features, location, and size

A sale made by a neighboring property under different market conditions

The last sale price of the subject property

A sale made by the original property owner to a family member

Question 3: How do you handle a situation where a client is facing financial difficulties but is still interested in purchasing a property?

Which action should you take?

Choose only one option

Ignore their financial status and focus only on the property

Recommend they opt for a cheaper property in a different location

Offer alternative financing solutions or lower-cost properties that meet their needs

Suggest they delay the purchase until they have the full amount

Question 4: When negotiating the price of a property, which of the following techniques can help balance the needs of both buyer and seller effectively?

Which action should you take?

Choose only one option

Offering concessions to the buyer, like paying for repairs

Sticking firmly to the asking price and ignoring buyer objections

Offering a higher deposit to sweeten the deal

Using terms and contingencies to meet both parties' needs

Question 5: When performing property valuation, what does the use of highest and best use analysis determine?

Which action should you take?

Choose only one option

The most profitable and legally permissible use of a property

The type of materials used in construction

The historical significance of the property

The most aesthetically pleasing use of the property

Question 6: What is the role of trade-offs in achieving successful negotiation outcomes?

Which action should you take?

Choose only one option

They reduce flexibility in the negotiation

They allow both parties to meet their objectives

They delay the process

They increase complexity