Real Estate Quiz

What is the term used to describe the land, natural and human-made structures on a property?

• Real Estate

• Architecture

• Urban Planning

• Landscaping

What type of property are cars and pets considered?

• Real

• Intellectual

• Personal

• Public

Methods of investing in real estate

• Buying a house

• Buying land

• REIT

• Flipping Houses

Which of the following is NOT a method of investing in real estate mentioned in the document?

• Buying a house

• Flipping houses

• Buying land

• Investing in cryptocurrency

Which type of property would a school like West Florence be considered?

• Residential

• Commercial

• Industrial

• Special Use

Which type of property would stores like Walmart and Target be considered?

• Residential

• Industrial

• Commercial

• Agricultural

What is a type of loan with the purpose of buying a home or property?

• Personal Loan

• Car Loan

• Mortgage

• Student Loan

Who pays the taxes on REITs?

• The company

• The government

• The shareholder

• The property manager

What is the type of mortgage where the interest rate does not change?

• Adjustable rate mortgage

• Fixed rate mortgage

• Variable rate mortgage

• Interest-only mortgage

What is the type of mortgage where the interest rate can change depending on the economy?

• Fixed rate mortgage

• Adjustable rate mortgage

• Interest-only mortgage

• Balloon mortgage