Quiz 1

A visually appealing digital illustration of a real estate agent on the phone, with properties and communication elements in the background, representing the essence of real estate transactions.

Real Estate Knowledge Quiz

Test your understanding of real estate buying practices with our engaging quiz! Designed for aspiring real estate professionals, this quiz will challenge your knowledge on property transactions, communication with owners, and negotiation strategies.

Highlights of the quiz:

25+ Multiple choice questions
Designed for beginners and experienced individuals
Learn about effective communication and negotiating techniques

28 Questions7 MinutesCreated by NegotiatingFox523

What do you do when an owner asks you a question you don't know?

Hang up

Say "i don't know"

Try to evade it smoothly and ask him something

"I'm not allowed to disclose that info"

If the mv is $830,100 which one of these asking prices is acceptible?

$1.1M

$996,120

None of the above

All of the above

Tick the things you're allowed to say

"your asking price is fine. We can work with that"

"would you be interested to hear an offer on your property?"

"my manager will call you back with an offer"

"so what price can we offer you to make you interested to sell?"

"oh yeah here's my email [email protected]"

"I speak Arabic too by the way!"

"so if we can meet you at this price, how soon do you wanna do the closing?"

"have a lovely day!"

If the call started but the owner didn't answer and he didn't reply to me over the phone, how should I dispose this call?

Not available

Wrong number

Voice mail

Do not call

If a person answers the phone by saying "bueno!"

Ask them if they can speak English if no then dispose as do not call

Ask them if they can speak English if no then dispose as a call back after 3 months

Hang up

Don't ask if they speak English and just post their number on the group for someone to call them

What info do you need to get for vacant lots?

Number of bedrooms and bathrooms

If it has access to utilities

If he has done any kind of updates to it

You asked the owner about his reason for selling his property and he replied with it's because you called me

It's okay the offer is a valid reason for selling

Just the offer isn't a valid reason for selling

If the owner wasn't sure that he might be able to do the closing on his property within 6 months what should I say?

It's okay we can wait more than 6 months

Let him know that 6 months is our MAXIMUM

When should I put do not call as my disposition?

When they say do not call me again

When they say put me on your do not call list

When they say they're on the federal do not call list and/or will sue

You're speaking to an old person

Talk fast and loud

Talk in a quiet and slow voice

Talk slow and loud

Talk in a quiet and fast voice

The owner keeps talking to you about their dog

Hang up

Engage in the conversation then continue your talk

Ask them not to talk about anything else

A lead's asking price is above the MV by 25% even after negotiation

Don't push the lead

Push the lead anyway

Get back to my team leader to see if I can push the lead

An owner has an irrational asking price

Hang up

Ask if it's negotiable and mention our benefits

Ask if they have another property they'd REALLY consider selling

B & C

How do you deal with a window shopper who don't wanna answer any questions?

Explain to them why you're asking these questions

Hang up

Laugh

Continue asking even after they refuse to answer questions

Quiz 1

Real Estate Knowledge Quiz

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