
Buying a House Practice
Quiz
•
Life Skills
•
12th Grade
•
Practice Problem
•
Easy
Briana Townley
Used 1+ times
FREE Resource
Enhance your content in a minute
26 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
on the market
When a home is officially for sale
The proportion of the loan that is charged with interest to the borrower.
The amount of the house that you have paid for, or the amount you would get if you sold the house.
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
prepayment
When a person pays off a mortgage faster than planned
Fees paid at the sale of a home. May be paid by either the buyer or the seller.
A third party who keeps money & documents during the real estate transaction.
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
foreclosure
A bank loan for the purchase of a home.
When a homebuyer fails to pay the mortgage and the home is sold by the bank to get the money back.
Fees paid at the sale of a home. May be paid by either the buyer or the seller.
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
escrow
The proportion of the loan that is charged with interest to the borrower.
A third party who keeps money & documents during the real estate transaction.
When a home is officially for sale
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
equity
The proportion of the loan that is charged with interest to the borrower.
When a home is officially for sale
The amount of the house that you have paid for, or the amount you would get if you sold the house.
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
commission
A percentage of the sale price that goes to the seller's and buyer's agents. Usually paid by the seller.
A third party who keeps money & documents during the real estate transaction.
The proportion of the loan that is charged with interest to the borrower.
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
master
A real estate agent - represents buyer or seller
A bank loan for the purchase of a home.
A principal bedroom in a house or apartment, usually the largest, and usually with an attached bathroom..
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
23 questions
Sociology
Quiz
•
10th - 12th Grade
22 questions
Workplace Readiness Skills Timed Practice #1
Quiz
•
9th - 12th Grade
25 questions
Capital Cities Quiz - Cognita
Quiz
•
9th Grade - Professio...
30 questions
Planes, Directional Terms & Cavities Review
Quiz
•
9th - 12th Grade
22 questions
Quick Bread review
Quiz
•
9th - 12th Grade
21 questions
NJROTC LEADERSHIP PRINCIPLES
Quiz
•
10th - 12th Grade
21 questions
Greenhouse Structures
Quiz
•
9th - 12th Grade
21 questions
Chapter 2- Character Development
Quiz
•
9th - 12th Grade
Popular Resources on Wayground
7 questions
History of Valentine's Day
Interactive video
•
4th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
15 questions
Valentine's Day Trivia
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
Discover more resources for Life Skills
20 questions
Investing
Quiz
•
9th - 12th Grade
20 questions
Career
Quiz
•
9th - 12th Grade
20 questions
Paying for College
Quiz
•
9th - 12th Grade
20 questions
Types of Credit
Quiz
•
9th - 12th Grade
20 questions
Budgeting
Quiz
•
9th - 12th Grade
20 questions
Insurance
Quiz
•
9th - 12th Grade
19 questions
Chapter 4 ServSafe Manager
Quiz
•
10th - 12th Grade
20 questions
Managing Credit
Quiz
•
9th - 12th Grade
