Homedy
Quiz
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Other
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Professional Development
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Practice Problem
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Medium
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?
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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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