Buying a Home - Lesson 2 (quizizz)

Buying a Home - Lesson 2 (quizizz)

12th Grade

24 Qs

quiz-placeholder

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Buying a Home - Lesson 2 (quizizz)

Buying a Home - Lesson 2 (quizizz)

Assessment

Quiz

Mathematics

12th Grade

Practice Problem

Medium

CCSS
6.RP.A.3C, RI.11-12.5, 6.RP.A.3B

+15

Standards-aligned

Created by

Yazmin Trujillo

Used 6+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

The average sales price of new homes sold in the United States from 1965 to 2024 has...

increased.

decreased.

stayed the same.

Tags

CCSS.HSF.IF.B.4

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A person would like to purchase a home. The type of loan chosen requires that they pay 3.5% of the home price before they begin making monthly payments. They will be paying a(n)

down payment

interest

car payment

credit score

Tags

CCSS.6.RP.A.3C

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The charges for settling a real estate transaction are also called _______costs.

Mortgage

Closing

Possession

Selling

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following is NOT an upfront cost for buying a home?

down payment

earnest money

closing costs

taxes

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

You must give a 20% down payment to buy a home.

True

False

Tags

CCSS.6.RP.A.3C

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Earnest money...

proves to a seller that you’re serious about buying their home.

is money paid to your local government for community amenities and services, like public schools, roads and fire departments.

includes the fees, taxes and administrative costs associated with buying a home

is 3% of the sale price of a home.

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A local move will cost less than an out-of-state move.

True

False

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