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Real Estate Trivia

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Ever wonder why land is called "real estate"? Well, the term "estate" literally refers to the land and buildings upon the land but "real" is derived from the Latin word for what?

a)

Earth

b)

Thing

c)

Person

d)

Exchange

2.

For tax purposes, some property owners decrease the value of their property over time (presumably, to account for wear and tear over time) and take the amount as a tax write-off. What is this process called?

a)

Amortization

b)

Subsidization

c)

Nominalization

d)

Capitalization

3.

Urban 'blight' has been a traditional problem in large cities around the world. What is the term for the deliberate improvement of homes or other properties in urban areas to bring up the property values?

a)

Velarizing

b)

Bootstrapping

c)

Gentrification

d)

Fenestration

4.

The United States Government paid 7.2 million for what piece of land

a)

Grand Canyon

b)

Alaska

c)

Hawaii

d)

Puerto Rico

5.

What are the three most common toxins for which homes are tested?

a)

radon, mold, carbon monoxide

b)

Lead, asbestos, mold

c)

fungus, lead, radon

6.

Where in the United States will you find the largest concentration of million dollar plus homes?

a)

New York

b)

California

c)

Hawaii

d)

Texas

7.

What country has the highest percentage of private housing?

a)

Canada

b)

France

c)

USA

d)

Mongolia

8.

Which famous persons estate has two pools, one on the east side for the morning sun and one on the west for afternoon enjoyment?

a)

Jackie Kennedy

b)

Ernest Hemingway

c)

Audrey Hepburn

d)

John Lennon

9.

What kind of home construction is considered to be the safest in seismic areas?

a)

Brick

b)

Concrete

c)

Wood

d)

Straw Bale Homes

10.

Excluding the US Government, who is the world's largest landowner?

a)

The Queen of England

b)

Donald Trump

c)

Ted Turner

d)

King Abdullah of Saudi Arabia

11.

What’s the #1 home improvement project homebuyers undertake within three months of purchasing a home?

a)

New Roof

b)

Remodeling Kitchen

c)

Updating master bathroom

d)

Updating master bedroom

12.

What is the preferred format for the trademark?

a)

Realtor

b)

realtor

c)

REALTOR

13.

THE TERM REALTOR MAY NEVER BE USED

a)

AS A JOB TITLE

b)

ON MERCHANDISE

c)

ON SOCIAL MEDIA

d)

IN CONNECTION WITH POLITICAL ACTIVITIES

14.

Which of these is an INCORRECT use of the term “REALTOR®” in a website address for a member named John Smith?

a)

WWW.JOHNSMITHREALTOR.COM

b)

WWW.LOCALREALTORJOHN.COM

c)

WWW.REALTORJOHNSMITH.COM

d)

THEY ARE ALL INCOORECT "REALTOR" MAY NEVER BE USED ON WEBSITE URL

15.

wHICH USE OF THE TERM REALTOR IS CORRECT?

a)

JOHN JONES, YOUR LOCAL REALTOR

b)

JACK MILLER, REALTOR

c)

JANE SMITH, COMMERCIAL REALTOR

d)

SHEILA JOHNSON, YOUR HOMETOWN REALTOR