Real Estate Trivia

Real Estate Trivia

Professional Development

15 Qs

quiz-placeholder

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Real Estate Trivia

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Assessment

Quiz

Other

Professional Development

Hard

Created by

Kimberly Sands

Used 214+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ever wonder why land is called "real estate"? Well, the term "estate" literally refers to the land and buildings upon the land but "real" is derived from the Latin word for what?

Earth

Thing

Person

Exchange

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For tax purposes, some property owners decrease the value of their property over time (presumably, to account for wear and tear over time) and take the amount as a tax write-off. What is this process called?

Amortization

Subsidization

Nominalization

Capitalization

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Urban 'blight' has been a traditional problem in large cities around the world. What is the term for the deliberate improvement of homes or other properties in urban areas to bring up the property values?

Velarizing

Bootstrapping

Gentrification

Fenestration

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States Government paid 7.2 million for what piece of land

Grand Canyon

Alaska

Hawaii

Puerto Rico

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three most common toxins for which homes are tested?

radon, mold, carbon monoxide

Lead, asbestos, mold

fungus, lead, radon

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where in the United States will you find the largest concentration of million dollar plus homes?

New York

California

Hawaii

Texas

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What country has the highest percentage of private housing?

Canada

France

USA

Mongolia

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