Buying A Home
Mathematics
11th - 12th Grade
CCSS covered
Used 136+ times
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39 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_________ are the expenses incurred in transferring ownership from buyer to seller in a real estate transaction
Equity
Mortgage
Closing Cost
Fixed Rate
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan to purchase real estate is called a(n)
Mortgage
MLS
Title Search
Lien
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A rejection of an original offer with a listing of what terms would be acceptable is called a(n)
TItle Search
MLS
Market
Sellers Counter Offer
Tags
CCSS.RI.11-12.5
CCSS.RI.9-10.5
CCSS.RI.11-12.3
CCSS.RI.9-10.3
CCSS.RI.8.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The difference between the market value of property and the amount owed on it is called
Equity
Fixed Rate
Commission Income
Appraised
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The _____ is a real estate marketing service in which agents pool their home listings and agree to share commissions on the sales.
Appraised
MLS
Title Search
Lien
Tags
CCSS.RF.3.3B
CCSS.RF.3.3C
CCSS.RF.3.3D
CCSS.RF.4.3A
CCSS.RF.5.3A
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A(n) ________ is a formal document that expresses interest in entering into a real estate contract with someone else.
Closing Cost
Earnest Money Offer
Title Search
Deed
Tags
CCSS.RI.11-12.5
CCSS.RI.9-10.5
CCSS.RI.11-12.3
CCSS.RI.9-10.3
CCSS.RI.8.5
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A value given a home by a real estate appraiser is called its _____ value.
Appraised
Contingancies
Fixed Rate
Equity
Tags
CCSS.RF.3.3B
CCSS.RF.3.3C
CCSS.RF.3.3D
CCSS.RF.4.3A
CCSS.RF.5.3A
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