Preview Questions Real Estate Lawyer | Role Specific Skill

Question 1: How can a real estate lawyer protect a client from a potentially unenforceable lease provision?

Which action should you take?

Choose only one option

By encouraging the client to ignore minor violations in the lease

By ensuring that all lease clauses comply with local, state, and federal regulations

By ensuring the lease is for the shortest possible term

By avoiding any lease clauses related to rent increases

Question 2: How can a real estate lawyer assist a client in negotiating the terms of a real estate contract that includes a right of first refusal?

Which action should you take?

Choose only one option

Remove the clause entirely from the contract

Only focus on the financial terms of the contract, ignoring the right of first refusal

Ensure that the terms are clear, including the timing and method for exercising the right

Ignore the clause if the seller is offering a discount

Question 3: How should a real estate lawyer handle a situation where a client wishes to rescind a real estate purchase agreement after the due diligence period has expired?

Which action should you take?

Choose only one option

Inform the client that rescission is not possible without incurring penalties

Encourage the client to move forward without addressing any legal issues

Review the contract for contingencies or breaches that could allow for rescission

Proceed with the purchase but negotiate a lower price with the seller

Question 4: How should a Real Estate Lawyer handle a situation where the seller has not disclosed a material defect in the property?

Which action should you take?

Choose only one option

Advise the buyer to accept the defect as part of the property purchase

Ignore the issue if it does not affect the property's value

Advise the buyer on the legal implications of non-disclosure and explore options for remedy, including renegotiation or legal action

Assume that the defect is minor and proceed with the transaction

Question 5: How should a real estate lawyer handle a "quitclaim deed" in a property transfer?

Which action should you take?

Choose only one option

A quitclaim deed is used only for commercial properties, not residential transactions

A quitclaim deed transfers any interest the seller has in the property, and the lawyer should ensure the buyer understands that no warranty is provided

A quitclaim deed is unnecessary if the title is already clear and should not be included

A quitclaim deed transfers ownership with full warranty of title and should be used in all transfers

Question 6: When drafting a commercial lease agreement, what is the most important clause to include to protect the landlord's interests?

Which action should you take?

Choose only one option

The renewal option clause, which ensures the tenant can extend the lease

The rent escalation clause, which outlines how rent will increase during the lease term

The security deposit clause, which outlines the amount and conditions for its return

The maintenance clause, which specifies the tenant's responsibility for property upkeep