W!SE Practice Test Questions

Front

When Luna moved into her new apartment, her landlord required her to pay a security deposit at the beginning of the rental agreement. Which is true about the security deposit?

Back

The deposit can be used to repair damage caused by Luna during the term of the lease.

Front

The most important thing to consider when choosing an apartment is:

Back

If you can afford to pay your rent and other costs on an ongoing basis

Front

Which of the following information would not be found in a typical lease agreement for Sophia's new apartment? The amount of the monthly rent, and the day of the month it is due. The name of the previous tenant. The address of the unit being rented. The beginning and ending dates of the rental agreement.

Back

The name of the previous tenant.

Front

A landlord can refuse to rent you an apartment if which of the following is true: You are married. You own a cat and a dog. Your ancestors were immigrants. You are a member of a particular faith group.

Back

You own a cat and a dog.

Front

William is looking for a new apartment. Which of the following should he consider? Cost, Proximity (how close or far) to his office, Availability of mass transit (public transportation)

Back

All of the above

Front

Considering Liam's decision to buy a home, why is the location of the home important?

Back

A good location will make the home easier to sell, homes in good locations will usually appreciate (increase) in value, and not all locations have good school systems or the same amenities.

Front

A real estate agent is able to: Arrange for you to tour homes that you are interested in purchasing, Assist you at closing

Back

Both B & C

Front

Ethan is interested in buying a new car. This financial arrangement will allow him to borrow the money needed for the purchase. He will have to repay the amount, with interest, over a period of time:

Back

Loan

Front

What is the arrangement called when Charlotte decides to get a vehicle for her daily commute to work without owning it outright and agrees to pay a fixed monthly amount?

Back

Lease

Front

By investing in a retirement savings plan, Olivia can _______ her tax liability.

Back

reduce