Homedy

Homedy

Professional Development

19 Qs

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Homedy

Homedy

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Professional Development

Practice Problem

Medium

Created by

Reigh Ya

Used 4+ times

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19 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Homes are sold by the homeowner without the help of a listing agent so they sell it by themselves

FSBO

Liens

Foreclosure

Mortgage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It's the action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments.

FSBO

Liens

Foreclosure

Mortgage

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is a legal claim against the assets of a person or business who fails to pay property taxes owed. If the debt is not repaid the properties/assets may be taken.

Mortgage

Tax Lien

FSBO

Foreclosure

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An agreement that allows you to borrow money from a bank or similar organization ONLY in order to buy a house.

FSBO

Mortgage

Lien

Foreclosure

5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the 4 Pillars?

Evaluate responses using AI:

OFF

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A building with two separate living quarters.

Condominium

Apartment

Duplex

Triplex

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Statement # 1 Investment in real estate is good because It appreciate over time.

Statement # 2 Investment in real estate has a tax benefits

False ; false respectively

False, True respectively

True, false respectively

True; true respectively

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