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“Real Estate Lawyer Frequently Asked Questions in various Real Estate Lawyer job interviews by interviewer. The set of questions are here to ensures that you offer a perfect answer posed to you. So get preparation for your new job interview”



38 Real Estate Lawyer Questions And Answers

1⟩ Tell me who else will be working on my case?

A lot of times, especially with homeowners, there are going to be some questions and you’re going to interface with the person working on your case. “Determine whether you have a rapport with that person and whether you’re getting the kind of attention you want.

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3⟩ What are your strengths as Real Estate Lawyer?

This is one question that you know you are going to get so there is no excuse for being unprepared. Concentrate on discussing your main strengths. List three or four proficiencies e.g. your ability to learn quickly, determination to succeed, positive attitude, your ability to relate to people and achieve a common goal. You may be asked to give examples of the above so be prepared.

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4⟩ Tell me what licenses, certifications and/or credentials do you have?

Many of the top advisors in the industry have designations such as certified public accountant (CPA), certified financial planner (CFP), certified fund specialist (CFS), chartered financial consultant (ChFC), chartered financial analyst (CFA), chartered life underwriter (CLU) and/or juris doctor (JD), and carry their Series 7, 24, 51, 63, 65, 66 and insurance licenses.

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5⟩ Tell me how long have you been practicing?

If you’re asking for help with something simple like a purchase agreement, maybe you wouldn’t mind having someone with one to three years of experience,” Hall says. “But if you’re dealing with a real estate development or something complex, you probably want somebody with eight to 15 years.

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6⟩ Tell me have the key elder issues altered in the past 5-10 years?

There are not enough affordable options to meet the needs of older adults who do not need nursing home care, but do need assistance at home or in an affordable assisted living facility. In addition, while the downturn in the economy has affected everyone, every catastrophe creates an opportunity for people who are unscrupulous; so seniors were particularly hard hit by mortgage-lending abuses. Many people who worked hard to pay off their homes fell victim to con artists who convinced them to take out a mortgage to pay off credit cards or other unsecured debt; and in many cases the terms of those mortgages were misrepresented. We see a lot of seniors who are facing foreclosure because they got adjustable rate mortgages with artificially low starting rates or loans with balloon payments they couldn’t pay.

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8⟩ Please tell me are you happy with your career-to-date?

This question is really about your self-esteem, confidence and career aspirations. The answer must be 'yes', followed by a brief explanation as to what it is about your career so far that's made you happy. If you have hit a career plateau, or you feel you are moving too slowly, then you must qualify your answer.

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10⟩ Tell me how do you get paid for investments you recommend? Do some pay more than others? Are you paid commissions on investments or other products you sell? Do you receive payments from mutual funds or investment companies you recommend? Aside from what I pay you, what other costs will I incur?

Advisors should be 100 percent transparent when it comes to explaining their fee structure so clients fully understand how they are paid. They should define which portion of the fee is paid out to the firm and which portion is paid out to the advisor.

Does your advisor charge on a tiered rate system or does he or she receive commissions on the assets you invest? It's important to understand the commissions that your advisors receive and whether or not they receive payments from mutual fund companies or investment companies that they recommend.

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11⟩ I've been trying to sell my house for the past few years and have hired and fired a bunch of agents because none of them was able to find a buyer. What's wrong with all of the agents out there?

Because the real estate market was so terrible over the past six years or so, a large number of real estate agents left the profession as sales declined to historically low levels. There just weren't that many buyers out there and the number of sellers far outstripped the number of buyers. It was an extremely imbalanced marketplace, and it still is in many places. That said, there are good real estate agents and bad real estate agents; you need to determine whether your expectations were too high or whether there were real problems with the agents you picked to try to sell your home.

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12⟩ Tell me when have you had to deal with conflict in your team? What did you do to help resolve the situation?

Conflict can make you feel uncomfortable but by preparing a structured example you can answer this question confidently, and convince the panel of your ability to deal with difficult situations. I think this is good advice for interview preparation in general. I think we’ve all left an interview knowing we didn’t give the best example we had.

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13⟩ Please explain us what is most difficult situation you have had to face and how did you tackle that?

The purpose of this question is to find out what your definition of difficult is and whether you can show a logical approach to problem solving. In order to show yourself in a positive light, select a difficult work situation which was not caused by you and which can be quickly explained in a few sentences. Explain how you defined the problem, what the options were, why you selected the one you did and what the outcome was. Always end on a positive note.

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14⟩ Explain me are you fiduciary? What safeguards does your firm have in place to ensure that my assets are protected from fraud? Have you ever received disciplinary infractions for unlawful or unethical actions? How do you ensure that your firm remains in compliance with legal and regulatory statutes?

Your advisor should always answer, "Yes, I am a fiduciary." In order to safeguard your assets, they should be held with reputable third-party custodians. Your advisor should address whether or not he or she has received disciplinary infractions both individually and as a firm.

Advisors who strictly adhere to a code of ethics and client bill of rights have defined standards in place that they can share with clients. Your advisor should be compliant with the Financial Industry Regulatory Authority (Finra), the Securities and Exchange Commission and state and regulatory agencies.

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15⟩ As you know we live in a community governed by a homeowner’s association. Our board is gradually ignoring more and more of our bylaws, causing the quality and appearance of the community to decline. What can I do?

Whether a co-op, condo or a homeowner’s association, community associations all have rules that control them. They are governed both by state law and by their own internal bylaws. Community association board members are elected by the property owners living in the community. The best thing that you can do to fix your situation is to get elected to the board of directors.

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16⟩ What are your strengths and weaknesses as Real Estate Lawyer?

The “strengths” aspect should not be too difficult. Just make sure to bring up points that are essential to the position, and briefly mention how you would apply these strengths on a consistent basis at the firm.

The “weakness” question is the uncomfortable one. Most of the time, people are advised to answer this question with a strength masked as a weakness, such as “I work too much” or “I am too detail oriented.” However, the interviewer is probably an intelligent person, and your answer will probably just end up looking like a cop-out. It is best to be sincere, but not in a way that could jeopardize your chance to get the job. Think of an actual weakness that is not essential to the position and follow up with how you are working to improve on it.

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17⟩ Rental construction is booming downtown. Small neighborhood condo projects are back in action. And sales in existing buildings seem to be doing better than a year ago. What do the numbers say about these trends' staying power, and when is the industry expecting to see large scale condo construction again?

We just completed a comprehensive study on condo-sales activity in downtown Chicago, and our outlook for the for-sale market is very positive. Last year the number of home sales citywide was up about 20% from 2011, but sales of condos in the core downtown neighborhoods jumped by more than one-third. We saw solid gains on a price-per-square-foot basis in Streeterville, River North, the Loop, the West Loop and even the South Loop. I think we'd be looking at even better numbers if we had the inventory, but in the West Loop for example, in the month of February, there was only a 45-day supply. Two years ago there was 16.5 months. On top of that, we're seeing really exciting things happening downtown with major employers setting up shop and strong retail investment in the neighborhoods.

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18⟩ Please explain how frequently do you communicate with your clients? Do you proactively send out rationale for buy/sell decisions?

Your advisor should focus on delivering proactive and transparent communications to clients. For example, our firm sends out trade notifications that explain every buy and sell decision. In addition, we send out a weekly market commentary, a monthly investment outlook and a quarterly market outlook video, along with several education videos, strategy fact sheets, industry updates, insightful statistics, informational whitepapers and more.

Making these types of resources available to clients will help educate investors and give them the information needed to know that we are actively monitoring their accounts.

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19⟩ Tell me how have you encouraged your team to achieve results – and how have you addressed under-performance?

Too often people address this by describing their management style: “people know I’m approachable with an open-door policy”. This does not answer the question. Show how you have used effective performance management to address issues and showed staff how they can contribute to organisational objectives.

People often shy away from explaining how they’ve addressed underperformance, not wanting to acknowledge that problems exist within their team. But this is an ideal opportunity to show how you’ve turned it around, or re-deployed someone into a role more suited to their skills, motivation and abilities.

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20⟩ Basic Real Estate Lawyer Job Interview Questions

☛ How does your job fit in to your department and company?

☛ What do you enjoy about this industry?

☛ Give an example of when you have worked under pressure.

☛ What kinds of people do you like working with?

☛ Give me an example of when your work was criticised.

☛ Give me an example of when you have felt anger at work. How did you cope and did you still perform a good job?

☛ What kind of people do you find it difficult to work with?

☛ Give me an example of when you have had to face a conflict of interest at work.

☛ Tell me about the last time you disagreed with your boss.

☛ Give me an example of when you haven't got on with others.

☛ Do you prefer to work alone or in a group? Why?

☛ This organisation is very different to your current employer - how do you think you are going to fit in?

☛ What are you looking for in a company?

☛ How do you measure your own performance?

☛ What kind of pressures have you encountered at work?

☛ Are you a self-starter? Give me examples to demonstrate this?

☛ What changes in the workplace have caused you difficulty and why?

☛ How do you feel about working long hours and/or weekends?

☛ Give me an example of when you have been out of your depth.

☛ What have you failed to achieve to date?

☛ What can you bring to this organisation?

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