Preview Questions Real Estate Manager | Role Specific Skill

Question 1: When updating a property listing for a residential property, what market data should a Real Estate Manager include to add credibility?

Which action should you take?

Choose only one option

General neighborhood information without specific market analysis

Recent comparable sales and local market trends that reflect price movements in the area

The property's original purchase price and improvements

Only include personal testimonials from previous tenants or owners

Question 2: How does pricing strategy influence a property listing's marketability?

Which action should you take?

Choose only one option

An accurately priced property attracts more potential buyers

It has no impact on buyer interest

Higher prices ensure higher profit margin

Pricing below market reduces perceived value

Question 3: What is the best approach for a real estate manager when developing a sales strategy for properties in a declining market?

Which action should you take?

Choose only one option

Invest in property upgrades and renovations to increase value

Focus on aggressive marketing and promotions

Cut prices drastically to attract buyers

Diversify property offerings to appeal to multiple buyer types

Question 4: In commercial lease negotiations, what is the "rentable square footage" compared to "usable square footage"?

Which action should you take?

Choose only one option

Rentable square footage includes both usable space and shared/common areas

Rentable square footage is calculated only for office spaces

Rentable space excludes common areas

Usable square footage refers to the entire building

Question 5: How does the description of a property listing affect potential buyers?

Which action should you take?

Choose only one option

It highlights the property's unique features and benefits

It focuses on the financial performance only

It is mostly used to detail the investment terms

It focuses only on the legal terms of the lease

Question 6: How should a real estate manager approach negotiating an early termination clause for a commercial tenant?

Which action should you take?

Choose only one option

Include a clause for mutual termination rights

Allow the tenant to terminate without penalty

Offer a higher rent in exchange for early termination rights

Set a fixed penalty for early termination