Shopping
Quiz
•
Professional Development
•
11th Grade
•
Hard
Sharon Turnage
Used 2+ times
FREE Resource
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8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Typical range for closing cost is 2-7%?
True
False
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The listing agent is responsible for making sure that the buyer get the best price on the home he or she is buying?
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Flooding is normally covered under a homeowners insurance policy?
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your credit report may affect the cost of your insurance policy?
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A written purchase proposal signed by the buyer is called?
Contingency
Offer
Deed
Earnest Money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An event that must happen before the buyer or the seller can complete the purchase is called?
Escrow
Offer
Contingency
Point
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A legal document conveying title to a property from the seller to the buyer is called?
Deed
Escrow
HUD
Offer
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