Preview Questions Real Estate Manager | Role Specific Skill

Question 1: What is the impact of population migration patterns on market trends in residential property sales?

Which action should you take?

Choose only one option

Migration has minimal impact on residential property prices in large cities

Focus only on local employment rates and ignore migration trends

Ignore migration patterns and focus only on current housing demand

Identify growing areas where demand for housing will increase, driving up prices

Question 2: When negotiating a joint venture agreement for a real estate project, what is the most important aspect to consider?

Which action should you take?

Choose only one option

Focus only on the profit-sharing model without addressing the responsibilities

Avoid discussing financial commitments in the initial stages of negotiation

Clearly define each party's roles, responsibilities, and financial contributions

Allow each party to define their own responsibilities without clear guidelines

Question 3: How should a Real Estate Manager approach post-sale follow-up to ensure client retention and future referrals?

Which action should you take?

Choose only one option

Contact clients only when they have future property needs

Implement a structured post-sale follow-up process, providing additional services or insights

Avoid follow-up entirely to focus on new clients

Send generic emails with no personalized touches

Question 4: When negotiating a joint venture agreement in real estate development, what is the most important clause to include?

Which action should you take?

Choose only one option

Terms regarding the use of external contractors

The allocation of profits based on the completion timeline

The method of valuation for contributed assets

A detailed dispute resolution process

Question 5: In commercial real estate contracts, what is the most effective way to address force majeure events?

Which action should you take?

Choose only one option

Include a vague clause that leaves the definition of force majeure open-ended

Clearly define specific events such as natural disasters, strikes, and pandemics, with clear terms

Allow for indefinite delays without any clear timeline or consequences

Exclude force majeure clauses to simplify the contract

Question 6: What is the significance of customer segmentation in improving sales performance in real estate?

Which action should you take?

Choose only one option

It limits which properties can be marketed

It divides potential buyers into groups based on demographics or behavior, enabling tailored sales approaches for each segment

It helps decide the best time to buy or sell

It determines the rental amounts