Shopping

Shopping

11th Grade

8 Qs

quiz-placeholder

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Shopping

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Assessment

Quiz

Professional Development

11th Grade

Hard

Created by

Sharon Turnage

Used 2+ times

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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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