Preview Questions Real Estate Manager | Role Specific Skill

Question 1: What does the term "right of entry" usually grant in real estate negotiations?

Which action should you take?

Choose only one option

It grants the landlord or designated parties access to the property for inspections or maintenance

It allows the buyer to inspect the property before purchase

It allows the tenant to sublet the property

It allows the tenant to access the property anytime

Question 2: How should a Real Estate Manager assess the accuracy of a property listing's valuation to ensure it aligns with current market trends?

Which action should you take?

Choose only one option

Use comparable market analysis (CMA) and historical pricing data for similar properties

Use internal cost structures without considering external market influences

Set an arbitrary price based on target profit margins

Negotiate with appraisers to get a subjective property value estimate

Question 3: In a property management agreement, what is the primary purpose of an indemnity clause?

Which action should you take?

Choose only one option

To provide clarity on tax obligations

To limit liability for property damage

To allocate the cost of property repairs

To protect the property manager from legal claims

Question 4: In a commercial property listing, what is the most effective way to highlight the building's amenities to attract tenants?

Which action should you take?

Choose only one option

Describing the amenities in the property description

Using detailed floor plans in the listing

Offering virtual tours of the building

Providing testimonials from current tenants

Question 5: Which of the following most accurately reflects shifting trends in the luxury housing market during an economic boom?

Which action should you take?

Choose only one option

A steady decline in housing prices for high-end properties

Stability in prices and increased buyer competition

A decrease in luxury home sales due to increased supply

Increased demand for luxury homes with higher-than-average price growth

Question 6: What is typically covered under the "indemnity clause" in a real estate contract?

Which action should you take?

Choose only one option

It sets the terms for renewing the lease

It limits the tenant's liability for property damage

It requires one party to compensate the other for certain damages or legal liabilities

It specifies the amount of rent due each month