Home Buying Vocab
Authored by Stephen Loszewski
Social Studies
9th - 12th Grade
Used 67+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A document that proves ownership of property.
Escrow
Title
Deed
Easement
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A document that transfers ownership.
Escrow
Title
Deed
Easement
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Paperwork kept with a third party until certain requirements are met.
Escrow
Title
Deed
Easement
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A legal agreement that allows other individuals to use a person's land for a set purpose.
Escrow
Title
Deed
Easement
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan in which the interest rate and payment remain the same for the life of the loan.
Earnest Money
Contingency
Promissory Note
Fixed Rate Amortized Loan
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A member of the national, state, and local board of realtors.
Real Estate Agent
REALTOR
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person licensed by the state to aid in real estate transactions.
Real Estate Agent
REALTOR
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