Interview Questions Actual Exam Questions And Well Elaborated Answers.

Why does real estate interest you? - correct answer - Real estate has been a soundtrack in my life that I haven't really paid attention to until I got to college - What I mean by soundtrack is that I've lived in Alexandria, VA, only 7 miles south of Washington D.C., for my entire life. The growth and development of the city while noticeable didn't really strike me as a thriving industry at the time (office property price index is $220/sqft; retail now close to $280/sqft) - But when I got to college and started focusing on economics and finance, my understanding of real estate and its status as an asset class began to grow - What I like about commercial real estate is that it's more than just bricks and mortar. It creates experience and that experience adds value to the people who invest in, work in and use the properties What's your favorite type of real estate and why? - correct answer - My practical experience in real estate to date has involved researching property types (hotels, office buildings, condominiums, etc) and compiling sales data into comparison models - I still have a lot to learn about all aspects of each of those property types as investments, so I'm very open to any opportunity that allows me to do that What business unit are you interested in and why? - correct answer - Property sales and investment sales are services I'm particularly interested in. I've seen firsthand what kind of impact an investment in a property can have for a client, whether commercial or residential. A few years ago, my parents leveraged the market downturn by purchasing two condos in DC, (one short sale and one foreclosure) for a secondary income stream. Just as importantly, they're providing affordable housing for families that need that option - I'm ready to apply my academic education in finance and on-the- job experience in commercial real estate and direct sales to work for CBRE. While I want to build my knowledge and gain experience from this internship, I want the work I do to help the company drive results for its clients. Why our company over our competitors? - correct answer - CBRE Investment Properties is the world leader in real estate investments with a property sales volume of $176 billion worldwide. Simply put, I'm interested in learning from the best What are you expecting out of this internship? - correct answer - If am I selected to be an intern, my goal will be to benefit my team, my business unit and ultimately the company while building personal knowledge and technical experience in commercial real estate - Again, I'm ready to apply my academic education in finance and on-the-job experience in commercial real estate and direct sales to work for CBRE Describe a situation when you helped other people to achieve their goal - correct answer - Situation: While working as an intern for a local commercial real estate company, I was asked to do a project in which I researched and compiled information on different property types in the area (hotels, office buildings, condos, etc) and create comparison models for the company's online database - Result: This allowed the company to advise clients on potential investments What are your biggest strengths and weaknesses? - correct answer Strengths: team player, fast learner, very personable, competent, reliable, sociable, honest, trustworthy Weakness: limited experience in commercial real estate due to summers Tell me about a time when you were asked to adapt to a new policy or procedure - correct answer Situation: Worked for UPS last summer and store was in transition period due to a new owner. New owner was putting new procedures into place like branding elements in the store, along with completely redesigning the store's interior layout Action: I complied with these new procedures Result: Productive relationship with my manager Tell me about a project that required planning and organizing skills - correct answer Situation: Back in high school, in order to obtain my Eagle Scout rank, I undertook a large-scale project to improve a county park Action: I created a business plan essentially to include: project description and benefit, leadership procedures, materials & supplies & tools, fundraising, project phases and logistics Result: The park improvement was made on time, on budget and not only increased the value of the park to the county, but more importantly increased usage of the park by residents who sought meditation and reflection there Tell me about a time when you had to manage customer experience OR Tell me about a time you went above and beyond - correct answer Situation: As a UPS sales associate, I noticed a lack of organization in the mailbox services offered to customers. Customers were unhappy when their mail was mixed up, crippling the store's sales and customer experience Action: My boss and I decided to do a mailbox cleanup and marketing project. Cleanup entailed reorganization of mailboxes, file and database cleanup, and creating a new strategic marketing technique to attract new customers Result: Enhanced and revitalized customer experience in the store, and turned upwards of 30% increase in mailbox services revenue Tell me about a project or assignment that required technical skills and which ones - correct answer Situation: I was enrolled in Business Calculus, where we were required to read raw data and run regression models in Excel Action: A class I took prior taught me how to use Excel at the most basic level. Learning the technical skills to run regressions in Excel was absolutely necessary for me to not only pass the class, but also enhance my skills and knowledge of Excel Result: Finished the class and mastered the technical skills of Excel Tell me how you build productive relationships and when you are new to a team - correct answer Situation: From my perspective, productive relationships build on personal connections. As a sales associate at UPS last summer, I was a part-time employee, but I was working with many full-time employees. Building a personal connection with these employees was necessary to the stores success because the full-time guys were the ones training me on all the stores services. Action: Me being a very sociable person, it was easy for me to connect with these employees and form a productive unit Result: This resulted in overall store efficiency Tell me how you approach time management - correct answer Situation: Finals week is always the most poorly-structured test week in college. I always happen to have my tests fall within 3 days of each other Action: This requires especially effective time management, as many of the finals are cumulative - they cover the entirety of the course material. I allocate my time efficiently based on the tests I have first, so I divide my material into chunks and designate time each day to review and internalize what I've learned. Result: The grade you receive is a direct result of the time you put in Tell us about yourself - correct answer Elevator speech - My name is Noah Ray, I'm a junior studying finance at the Terry College of Business here at Georgia. I'm involved in several extra curriculars such as intramural sports, a children's mentoring program, and I'm also a member of a fraternity. - Looking to obtain an internship at CBRE. My job experience, and I'm very excited for the opportunity What kind of technical skills do you have? - correct answer Microsoft Office - particularly Excel and regression models StockTrak - portfolio analysis Building comparison models What can you tell us about our company? - correct answer - CBRE is a very reputable firm, as it is the world leader in real estate services. - CBRE's values include RISE: respect, integrity, service, and excellence - CBRE operates globally in 100 different countries - CBRE offers a multitude of services, some including property management and leasing, property sales, investment management, and occupier outsourcing - CBRE has been ranked in the Fortune 500 since '08 and their Investment Properties is the world leader in real estate investments