/Commercial Real Estate Agent/ Interview Questions
JUNIOR LEVEL

Describe a time when you successfully resolved a conflict or disagreement with a client. How did you approach the situation and reach a resolution?

Commercial Real Estate Agent Interview Questions
Describe a time when you successfully resolved a conflict or disagreement with a client. How did you approach the situation and reach a resolution?

Sample answer to the question

I had a situation where a client was dissatisfied with the terms of a lease agreement for a commercial property. I approached the situation by first listening to the client's concerns and understanding their needs. Then, I reviewed the lease agreement and identified areas where we could make adjustments to better align with the client's requirements. I scheduled a meeting with the client to discuss the proposed modifications and explain the reasoning behind them. Through open and transparent communication, we were able to reach a resolution that satisfied both parties. The client appreciated my willingness to address their concerns and make necessary changes, and we were able to move forward with the lease agreement successfully.

A more solid answer

In one instance, a client expressed dissatisfaction with the price we had initially proposed for the sale of a commercial property. Instead of immediately dismissing their concerns, I took the time to understand their perspective and the reasoning behind their desired price. I then conducted a thorough market analysis and presented them with a detailed report to support our initial pricing. However, I also offered some flexibility by suggesting alternative pricing structures that could potentially meet their needs while still ensuring profitability for our client. This approach allowed us to engage in a constructive dialogue and collaboratively arrive at a mutually beneficial agreement. By leveraging my effective negotiation skills, strong communication abilities, and analytical mindset, I was able to resolve the conflict and successfully close the sale.

Why this is a more solid answer:

The solid answer expands on the basic answer by providing specific details and showcasing the candidate's negotiation skills, analytical mindset, and strong communication abilities. It demonstrates their ability to understand the client's perspective, conduct market analysis, and propose alternative solutions to reach a mutually beneficial agreement. However, it could still benefit from further elaboration and highlighting any additional strategies or techniques used during the conflict resolution process.

An exceptional answer

I encountered a situation where a client and I had a significant disagreement regarding the direction of a commercial property marketing campaign. The client wanted to adopt a conventional marketing approach, while I believed that a more innovative and targeted strategy would yield better results. To navigate this conflict, I took a proactive approach by conducting extensive research on the target market, analyzing industry trends, and gathering data from comparable properties. Armed with this information, I scheduled a meeting with the client and presented a comprehensive analysis that supported my proposed marketing strategy. I emphasized the potential cost savings, increased exposure, and higher-quality leads that our approach could generate. I also addressed the client's concerns and provided reassurance by offering a trial run period for our strategy. Through my diligent efforts in presenting a well-reasoned argument and demonstrating the potential benefits, I was able to convince the client to embrace the innovative marketing approach. As a result, our campaign exceeded the client's expectations, resulting in a higher number of qualified leads and a faster sales process.

Why this is an exceptional answer:

The exceptional answer goes above and beyond by providing a detailed account of the conflict, the candidate's proactive approach in resolving it, and the positive outcome achieved. It showcases the candidate's exceptional research, analytical, and communication skills, as well as their ability to present a compelling argument supported by data and industry knowledge. The answer highlights the candidate's ability to successfully persuade the client and achieve outstanding results. To further enhance the answer, the candidate could also mention any additional strategies or techniques used during the conflict resolution process, such as leveraging their network or seeking expert advice.

How to prepare for this question

  • Reflect on your past experiences and identify conflicts or disagreements you have resolved with clients.
  • Focus on conflicts related to pricing, contract terms, marketing strategies, or property requirements.
  • Prepare specific examples that highlight your negotiation skills, analytical mindset, and ability to communicate effectively.
  • Highlight instances where you took a proactive approach, conducted thorough research, and proposed innovative solutions.
  • Practice explaining your conflict resolution process, emphasizing active listening, understanding the client's perspective, and presenting well-reasoned arguments supported by data and industry knowledge.

What interviewers are evaluating

  • Effective negotiation and sales skills
  • Strong communication and interpersonal skills

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