Preview Questions Real Estate Manager | Role Specific Skill

Question 1: What impact does rising construction costs typically have on real estate market trends?

Which action should you take?

Choose only one option

It leads to decreased property prices

It pushes rental prices higher

It increases the availability of affordable housing

It often causes new housing supply to shrink, pushing up prices

Question 2: What is the effect of rising construction costs on real estate trends?

Which action should you take?

Choose only one option

It can increase property prices, as developers pass the costs on to buyers

Rising costs reduce the construction of new properties

It lowers property values as supply increases

It decreases demand for properties

Question 3: What is the most common mistake when preparing a property listing for a high-value residential home?

Which action should you take?

Choose only one option

Failing to highlight the property's unique features

Focusing too much on property size without considering the neighborhood

Overestimating the asking price

Neglecting to include high-quality photos of the property

Question 4: When should a real estate manager consider implementing a new pricing strategy based on market trends?

Which action should you take?

Choose only one option

When interest rates are anticipated to stay low for an extended period

After reviewing average sales prices in the last quarter

After identifying trends in competing properties' rents and sales

When local economic factors indicate future price increases

Question 5: What is the importance of digital marketing in property listings today?

Which action should you take?

Choose only one option

It is only important for commercial listings

It significantly increases visibility and engagement

It has little impact on buyer decisions

It is irrelevant for high-end properties

Question 6: How do real estate investment trusts (REITs) influence market trends in the broader economy?

Which action should you take?

Choose only one option

They drive investment activity and can influence demand and property values in sectors they focus on

They only impact corporate real estate markets

They have little effect on property values

REITs increase the availability of rental housing