Preview Questions Real Estate Manager | Role Specific Skill

Question 1: In creating a sales strategy for a commercial lease agreement, what is a key factor to consider when setting the initial asking price?

Which action should you take?

Choose only one option

The tenant's financial stability

The length of the lease term

Market demand and comparable property prices

The property's age and condition

Question 2: 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 3: Which external factor has the most immediate impact on real estate market trends during an economic recession?

Which action should you take?

Choose only one option

A reduction in interest rates

Increase in new home construction

Decreased consumer confidence and spending

Increased foreign investment in real estate

Question 4: What is the purpose of an open house event in property listing marketing?

Which action should you take?

Choose only one option

To negotiate the best offer immediately

To finalize a deal with an interested buyer

To attract multiple potential buyers and create a competitive environment

To allow potential tenants to view the space

Question 5: How can a real estate manager optimize lead generation for a luxury real estate project?

Which action should you take?

Choose only one option

Rely on customer referrals only

Focus on traditional marketing channels like newspapers

Utilize high-end digital platforms and targeted advertising

Partner with local businesses to generate referrals

Question 6: What does "for sale by owner" (FSBO) listing typically indicate about a property transaction?

Which action should you take?

Choose only one option

The seller is handling the sale independently without an agent

It is priced lower than comparable listings

The property has limited financing options

The seller is not working with a real estate agent