Preview Questions Real Estate Agent | Role Specific Skill

Question 1: When managing a long-term client relationship, what is the best way to stay top-of-mind with clients who may not need immediate real estate services?

Which action should you take?

Choose only one option

Send personalized gifts or thank-you notes at key milestones

Send seasonal greetings or property market updates regularly

Offer consultations to keep clients updated on market trends

Continue engaging on social media with property-related content

Question 2: How do you handle a situation where the seller's agent is not forthcoming with crucial information about a property?

Which action should you take?

Choose only one option

Asking the seller's agent for transparency and referencing legal obligations

Withholding your client's offer until full disclosure is made

Ignoring the issue and focusing on negotiating price

Proceeding with the offer but asking for contingencies in the agreement

Question 3: When estimating the fair market value of a property, what is the most reliable source of data for comparable sales?

Which action should you take?

Choose only one option

Property tax assessments for similar properties in the neighborhood

Recent sale prices of properties with similar size, location, and features

Historical data on property valuations and sale prices

The asking price of current listings in the same area

Question 4: Which clause in a real estate contract would you expect to find provisions for mortgage contingencies?

Which action should you take?

Choose only one option

Notice of default clause

Assignment clause

Force majeure clause

Conditions precedent clause

Question 5: When adjusting the value of a property for functional obsolescence, what factor is most important to consider?

Which action should you take?

Choose only one option

The loss in value due to outdated or less efficient features of the property

The reduction in value due to external market conditions

The market demand for the property type

The current location of the property relative to new developments

Question 6: How can a real estate agent demonstrate credibility during negotiations?

Which action should you take?

Choose only one option

Avoid making concessions

Provide market analysis and evidence

Offer an immediate discount

Use vague data