Preview Questions Real Estate Lawyer | Role Specific Skill

Question 1: What is the significance of "legal description" in a deed transfer, and how should a real estate lawyer address it?

Which action should you take?

Choose only one option

The legal description is used solely for taxation purposes and can be omitted from the deed

The legal description accurately identifies the boundaries of the property being transferred, and the lawyer should ensure it is correct and complete

The legal description is a general reference and does not need to be exact in deed transfers

The legal description is optional and does not need to be included in the deed

Question 2: How does "downzoning" affect property values, and how should a real estate lawyer advise clients facing such changes?

Which action should you take?

Choose only one option

Downzoning only affects the property's marketability but does not reduce its value

Downzoning has no significant impact on property values, as the property remains viable for development

Downzoning increases property values by limiting the number of potential developments in the area

Downzoning reduces the allowable uses or density of a property, potentially lowering its value, and the lawyer should explore legal avenues for mitigating the impact

Question 3: 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 4: When reviewing a lease agreement, what is the primary concern for a Real Estate Lawyer?

Which action should you take?

Choose only one option

Ensuring the tenant has the right to sublet without restriction

Focusing only on the financial terms without reviewing the other clauses

Focusing only on the duration and ignoring renewal options

Ensuring that all terms are clear and legally enforceable, including rent, duration, and maintenance obligations

Question 5: How should a Real Estate Lawyer address a breach of contract in a real estate purchase agreement?

Which action should you take?

Choose only one option

By reviewing the contract terms, determining whether specific performance is required, and considering alternative dispute resolution methods

By focusing only on monetary compensation and ignoring specific performance

By immediately proceeding with litigation without considering alternatives

By assuming that the other party will rectify the breach without intervention

Question 6: What is the effect of a "subordination, non-disturbance, and attornment agreement" (SNDA) in a lease transaction?

Which action should you take?

Choose only one option

It allows the landlord to sublet the property at any time

It ensures that the property will be returned to the landlord in its original condition

It ensures the tenant's rights will not be disturbed if the landlord's property is foreclosed upon

It allows the tenant to terminate the lease early without penalties