2026 QUESTIONS WITH ANSWERS
GUARANTEED TO PASS
◉ Why is it important to make relationships in real estate. Answer: To
help get more referrals in different times of a transaction
◉ Relationships are safety net and an asset in real estate especially when
the market is down, in order to always have good relationships you have
to.... Answer: Market yourself
◉ What is the most consistent factor that affects the real estate market.
Answer: Supply & Demand
◉ What is a sellers market. Answer: when there are few homes on the
market then its a sellers market
◉ What is a buyers market. Answer: if there are more homes on the
market then it is a buyers market
◉ What are some seller's market characteristics. Answer: challenging to
get a buyer offer accepted with out having to pay too much above the
, listing price. Most likely won't get a home for cheaper then the listing
price.
◉ What are some characteristics in a buyer's market. Answer: Sells
prices are more negotiable, supply is high, and there are better deals on a
piece of real estate
◉ What is a brokerage. Answer: the physical business that oversees
consummating and completing real estate transactions
◉ What are agent's responsibility in a brokrage. Answer: fulfill agent
client contracts
seek out other parties
provide good appropriate advise
confidentiality
compliance
◉ What are the different type of residential properties. Answer: single -
family residences
vacations properties
multi - family properties
town houses
condominiums
apartment buildings