TREO End of Semester Quiz!

Which of the following is NOT a type of residential property?

• Single-family home

• Duplex

• Office building

• Condominium

What is the term used to describe the legal process of transferring property from one owner to another?

• a) Escrow

• b) Mortgage

• c) Deed

• d) Title

Which of the following factors typically affects the value of real estate?

• a) Location

• b) Square footage

• c) Architectural style

• d) All of the above

What is the term for a loan that is used to purchase real estate, with the property serving as collateral?

• Equity loan

• Mortgage loan

• Personal loan

• Line of credit

Which of the following is NOT a common type of real estate investment?

• Rental properties

• Real estate investment trusts (REITs)

• Flipping houses

• Stocks

What does the term "closing costs" refer to in a real estate transaction?

• Fees and expenses associated with transferring ownership of the property

• The final price of the property

• The down payment made by the buyer

• The monthly mortgage payment

What does the term "comps" refer to in real estate?

• Comparable properties used to determine a property's market value

• Compensation paid to real estate agents

• Complimentary services offered by real estate agencies

• Commissions earned by real estate brokers

Which of the following is NOT a type of commercial real estate property?

• Office building

• Retail store

• Single-family home

• Industrial warehouse

What does the term "cap rate" (capitalization rate) measure in commercial real estate?

• a) The rate of return on an investment property based on its income

• b) The rate at which a property depreciates over time

• c) The interest rate on a commercial mortgage loan

• 1. d) The rate at which property values increase annually

Which of the following factors is NOT typically considered when evaluating the location of a commercial property?

• a) Proximity to transportation and highways

• b) Surrounding demographics and consumer traffic

• c) Residential property values in the area

• 1. d) Zoning regulations and land use restrictions