Preview Questions Real Estate Manager | Role Specific Skill

Question 1: What's the best approach to handling tenant rent increases in a lease renewal?

Which action should you take?

Choose only one option

Offer a rent-free period in exchange for a larger increase at the end of the lease term

Negotiate a market-based increase in rent with clear terms defined

Avoid increasing rent and keep the lease terms static to maintain tenant relationships

Increase the rent drastically to cover potential market fluctuations

Question 2: In the context of real estate contracts, what is the "force majeure" clause?

Which action should you take?

Choose only one option

A clause that releases parties from liability or obligation in case of extraordinary events beyond their control

A clause that specifies dispute resolution methods

A clause that determines the tenant's responsibilities for property damage

A clause that sets the rent for the entire lease term

Question 3: What is the best approach for negotiating a lease buyout option in a commercial property lease?

Which action should you take?

Choose only one option

Ensure that the buyout price is fixed over the term

Tie the buyout option to market conditions

Ensure that the buyout price increases with the market value

Set the buyout option at a discounted rate

Question 4: When negotiating a real estate sale agreement, how should you handle vendor warranties on property condition?

Which action should you take?

Choose only one option

Limit the warranty to the first year after purchase

Make the seller liable for structural issues for a fixed period

Exclude warranties entirely to avoid liability

Ask for warranties covering all property defects

Question 5: When evaluating a local real estate market, what is the first indicator that should be examined to predict an upcoming price increase?

Which action should you take?

Choose only one option

Rising construction activity

The introduction of new public infrastructure projects

A decrease in mortgage rates

Increased interest in nearby commercial developments

Question 6: When listing a luxury property, which feature typically has the most significant impact on buyer interest?

Which action should you take?

Choose only one option

High-end finishes and materials

The exclusivity and uniqueness of the property

Proximity to high-end shopping areas

Square footage of the home and lot