Pre-Assessment

A mortgage company requires what percentage down to purchase a home?

• 20

• 3.5

• 0

• All of the above

What is the quickest way to build wealth?

• Teaching

• Retirement savings

• Real estate

• Become an administrator

What is the minimum credit score to purchase a home with a bank loan?

• 720

• None of these

• 750

• 600

What is the average salary of a homeowner in Texas?

• $59,000

• $79,000

• $90,000

• $100,000

A Realtor is a synonym for a real estate agent.

• True

• False

The US government considers _____________ heroes.

• Cops, firefighters, nurses, politicians and doctors

• Cops, doctors, veterans and teachers

• Cops, firefighters, politicians and teachers

• Cops, veterans, firefighters, teachers and nurses

Zero down is for________.

• low SES families only

• anyone

• families with good credit

• veterans only

You no longer qualify to buy a home if...(select all correct answers)

• you have student loans

• if you make income based student loan payments

• apartment collection on your credit report

• you have defaulted on your student loans

Agents _______________.

• represent buyers or sellers but never both

• work with a niche group only

• service the whole community

• are paid out of pocket

Before you sell you should_____________.

• already buy another house

• ask an agent for a free CMA

• move out

• renovate like HGTV