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Real Estate Basics

Authored by Via Diego

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Professional Development

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Real Estate Basics
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15 questions

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1.

MULTIPLE SELECT QUESTION

10 sec • 1 pt

_________ is the process of committing money and resources on real estate properties with the intention of earning profit from them instead of buying them for personal use.


Real Estate Investing

Real Estate

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is Real Estate?

Act of committing money with profit in mind

Branch of Science that deals with houses

Property consisting of land and any improvements on it

Study of houses

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

_________________ is land lording at a larger scale.

Trust fund

Real Estate Investing

Escrow

Property Management

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Wholesaling, Flipping and Landscaping are the 3 exit strategies in REI.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The investor buys, makes repairs if needed, then rents out to property to other individuals.

Landlording

Turn Key Strategy

Rehabbing

Wholesaling

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

A property is considered ______ when it is in a state of severe disrepair.

dilapidated

distressed

demolished

indelible

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

  •  Involves purchasing a property, then immediately selling it to another buyer at a higher price.

Assignment of Contract

Rehabbing

Double Close

Prehabbing

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