Real Estate Quiz

Real Estate Quiz

8th Grade

30 Qs

quiz-placeholder

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Real Estate Quiz

Real Estate Quiz

Assessment

Quiz

Professional Development

8th Grade

Practice Problem

Medium

Created by

Danielle Cunningham

Used 2+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A lease tied to an index such as the consumer price index is known as what...?

Gross Lease

Triple Net Lease

Index Lease

Net Lease

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following is NOT an essential element of a valid contract...?

Competent parties

Must be a US citizen

Consideration

Lawful objective

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The portion of a home's purchase price that is paid in cash and is not part of the mortgage loan is known as what...?

Hard Money

Option Payment

Down Payment

Earnest Money

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

An agreement that has been fully performed is known as what...?

Executed Contract

Express Contract

Executory Contract

Implied Contract

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following is an essential element of a valid contract...?

Competent parties

Must be recorded

All signatures must be notarized

Must be a US citizen

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A standard set of business laws that regulate financial contracts is known as what...?

Uniform Commercial Code

Real Property Laws

SEC

Financial Code

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A lease agreement that permits the tenant to use a piece of land owned by the landlord in exchange for rent is known as what...?

Land Lease

Graduated Lease

Index Lease

Gross Lease

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