Q-RC: Chap #11 Real Estate Review

Q-RC: Chap #11 Real Estate Review

12th Grade

27 Qs

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Q-RC: Chap #11 Real Estate Review

Q-RC: Chap #11 Real Estate Review

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

Paul Ermie

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

It's best to develop good ______ now instead of waiting until you're on your own to figure it all out.

Money habits

Diet and exercise plans

Real estate investments

Friendships

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Renting is a great option for many people.

True

False

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Your rent payment should total no more than ____% of your take-home pay.

50

15

75

25

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

When you're ready to buy a house, the best option is a ______.

20-year VA loan

15-year fixed-rate conventional mortgage

30-year equity loan

30-year fixed rate mortgage

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What does cost of living refer to?

How much of your monthly income is budgeted specifically for your rent or mortgage

The average cost of the basic goods and services needed to maintain a certain standard of living

The level of wealth, comfort, material goods and necessities available to a group of people

How wealthy or poor you are at the time of purchasing your first home

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Making periodic payments to a landlord for the use of their property is called ______.

Down payment

Buying

Renting or leasing

Security deposit

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

You should rent until you are able to ______.

Buy a home the right way

Become a landlord someday

Invest in stocks

Buy amenities

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