5+ Best Real Estate Agent Interview Questions & Answers
If you are looking for the absolute best real estate agent interview questions and answers, look no further. Our team has compiled the absolute best interview questions and answers to help you with upcoming interviews in the real estate space.
Real estate agents, even with recent changes in technology, are a vital part of the process when purchasing or selling a home. Real estate agents help to facilitate the brokerage process between a home buyer and a home seller.
What’s Asked In Real Estate Interviews
For the most part, you might be interviewing with a brokerage firm. And brokerage firms will test your understanding of basic real estate terminologies and marketing. Then they’ll want to test your knowledge of working with customers. Since customer service is a big part of the role, it’s going to be vital that they understand you can represent their firm in a positive way. If you are applying for real estate investing positions, you may want to look elsewhere as this guide is not for you.
5 Best Real Estate Agent Interview Questions & Answers
1. What is the MLS?
The MLS is the “Multiple Listing Service” which acts as a private directory of sorts. This private directory is a way for real estate agents to work with one another regarding certain properties that might not be public yet.
2. What is a foreclosure?
A foreclosure is a property that is more than 90-days past due on their mortgage payments. This means that the property is going to be bank-owned soon. When that happens an auction will take place in order to sell the property (often times called a short-sale as well).
3. Why is square footage important when speaking to someone about real estate taxes?
Square footage of a home is important when thinking about real estate taxes because it is the main consideration behind the price each year. There is additional taxation on a property that has a large piece of land, as well. But the home square footage is the most common factor.
4. What are some methods that you should contact a client?
Whenever we speak with clients we should always try to get their email, phone number and preferred method to be contacted. Some clients appreciate text messages versus phone calls now. Asking them what the method they appreciate is going to be beneficial as we work together.
5. How can you go above and beyond in your role as a real estate agent?
Being patient and being able to understand that a home buying and selling decision is a very personal one that requires a lot of financial decision making. Because of this, it is not easy for clients. We need to have a large degree of patience.
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