Preview Questions Real Estate Manager | Role Specific Skill

Question 1: How should a Real Estate Manager negotiate guarantees in lease agreements to protect both landlord and tenant interests?

Which action should you take?

Choose only one option

Only include guarantees for the tenant's benefit and not the landlord's

Ensure the guarantees are limited to specific terms and conditions, with clear timelines

Avoid guarantees and let the market decide tenant reliability

Create open-ended guarantees with indefinite timelines

Question 2: What is the Customer Lifetime Value (CLV) in real estate sales, and how does it impact long-term strategy?

Which action should you take?

Choose only one option

It's a one-time calculation of property sale price

It's an estimate of average property value

It's the total revenue expected from a customer during their relationship, influencing repeat sales and long-term strategy

It's the future market price of properties

Question 3: In which market condition does a price reduction in a property listing usually make the most impact?

Which action should you take?

Choose only one option

In a buyer's market, where inventory is high and competition is tough

In a seller's market

In a stable market

In a seasonal market

Question 4: How does pricing strategy influence a property listing's marketability?

Which action should you take?

Choose only one option

An accurately priced property attracts more potential buyers

It has no impact on buyer interest

Higher prices ensure higher profit margin

Pricing below market reduces perceived value

Question 5: What is a market analysis report used for in property listings?

Which action should you take?

Choose only one option

To evaluate the legal documentation of the property

To determine the interest rate on a mortgage

To determine the square footage of the property

To assess comparable properties and set a competitive price for the listing

Question 6: When examining a market downturn, what factors should a Real Estate Manager prioritize in assessing the long-term impacts on the market?

Which action should you take?

Choose only one option

Review long-term unemployment trends, construction activity, and financing availability

Focus only on the previous year's data and ignore broader market signals

Look at price reductions and determine if buyers are negotiating for deals

Focus solely on short-term price declines without considering broader economic trends