Preview Questions Real Estate Manager | Role Specific Skill

Question 1: 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 2: What is the best strategy when negotiating a lease agreement for a commercial property with a long-term tenant?

Which action should you take?

Choose only one option

Offer rent concessions upfront to secure long-term tenancy

Increase rent annually to keep up with market trends

Demand a larger security deposit to cover potential losses

Offer flexible lease terms with shorter duration

Question 3: How should a Real Estate Manager tailor a property listing to suit the target audience for a commercial space in an emerging market?

Which action should you take?

Choose only one option

Emphasize historical pricing trends and long-term stability

Highlight the area's high-density population without focusing on long-term investment opportunities

Focus on future growth potential, flexible lease terms, and infrastructure development in the area

Target only large corporate tenants and ignore small businesses

Question 4: How should a Real Estate Manager negotiate confidentiality clauses when drafting a property sale agreement?

Which action should you take?

Choose only one option

Use a simple non-disclosure clause covering only basic information

Only specify confidentiality for financial terms without protecting operational details

Avoid confidentiality clauses to make the agreement transparent

Ensure the clause covers both financial and operational details that may impact business operations

Question 5: What role does interest rate movement play in forecasting property market trends in a highly leveraged real estate market?

Which action should you take?

Choose only one option

Lower rates will always increase property prices across all sectors

Interest rate changes have minimal impact on property pricing in high-demand markets

Only short-term rate cuts are relevant for market movements

Higher rates may reduce demand by increasing borrowing costs, leading to price stabilization

Question 6: When negotiating a long-term lease, what should be the primary consideration for a Real Estate Manager?

Which action should you take?

Choose only one option

The ability to shorten the lease term without considering the rent amount

The aesthetic condition of the space and its potential for future customization

The overall total cost of occupancy for the tenant over the lease term, including escalations

The upfront rent-free period to entice the tenant