Risk Assessment & Mitigation Flashcards
7 cards from real CSP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Risk Assessment & Mitigation flashcards as text
A seller insists on keeping personal family photos displayed during the staging. How should a CSP frame the risk of this decision to the seller?
Answer: Advise that personal photos reduce buyer emotional connection and can delay sale
Personal photos prevent buyers from envisioning themselves in the home, which research shows can extend days on market and reduce offers.
Which of the following best describes a 'soft risk' in home staging?
Answer: Aesthetic decisions that may reduce buyer appeal or marketability
Soft risks in staging refer to non-physical risks related to design choices that could negatively impact how buyers perceive the property.
A stager's rental furniture is damaged by the seller's child during the staging period. Which document MOST directly determines who is financially responsible?
Answer: The staging agreement and rental inventory addendum signed by the seller
The signed staging agreement and inventory addendum define client responsibility for damage to rented staging pieces.
During a staging walkthrough, a stager notices the home has aluminum wiring throughout. What is the BEST course of action?
Answer: Inform the seller and recommend an electrician evaluate the system before staging
Aluminum wiring is a known fire hazard and the stager should flag it for a licensed electrician's assessment to protect all parties.
A stager is hired to stage a property listed as a short sale. What unique financial risk should the stager mitigate through the contract?
Answer: The risk of non-payment if the bank rejects the short sale or the deal falls through
Short sales frequently fall through or drag on for months, so stagers should require upfront payment or clear payment guarantees unrelated to closing.
Which action BEST mitigates the risk of scope creep during a staging project?
Answer: Defining all deliverables, exclusions, and change-order terms in the initial contract
A detailed contract with explicit scope, exclusions, and a change-order process prevents misunderstandings about what the stager is obligated to deliver.
A stager arrives to de-stage a property and finds the home has sold and the new owner has moved in. Which risk does this scenario highlight?
Answer: The risk of unauthorized access and potential trespassing by the stager
Entering a home without the new owner's permission after title transfer could constitute trespassing, making communication with the agent critical before de-staging.