Real Estate Trivia

A Seller must disclose if a death occurred at the property within the last _____ years:

• 1

• 3

• 5

• 7

PITI stands for:

• Principal, insurance, taxes, interest 

• Property, interest, television, internet 

• Principal, interest, taxes, insurance 

• Property, Inspection, Title, Insurance 

Shanna's favorite day to list a property on the MLS is:

• Monday

• Everyday

• Thursday

• May 21st

During a traditional escrow period, the appraiser is hired by:

• Seller

• Buyer

• Inspector

• Lender

What does MLS stand for?

• Mega Listing Strategy 

• Multiple Listing Service

• Multiple Listing Supply

• Many Listings Surprise

What is most likely to be called out on a pest report? 

• Mice in the attic

• Dry Rot under the eaves

• Ant Hill in the backyard 

• Birds nesting in porch lamp

• All of the Above

A 2-unit property where each half of the unit has its own parcel number and owner:

• Duplex

• Townhome

• Halfplex

• Condo 

A property that is sold for less than the debt secured by the property is known as what kind of sale?

• Foreclosure

• Conditional Sale

• Short Sale

• Conventional Sale

A clause in the purchase agreement that protects the Buyer's earnest money deposit for a set period of time:

• Condition

• Exception

• Contingency

• Cancellation

What “C” word refers to homes that have been sold in a given area in the past six months that help a real estate agent to determine a home’s value?

• Contingency

• Condition

• Comparable

• Commission