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Real Estate

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

A building with two separate living quarters.

a)

Duplex

b)

Apartment

c)

Condominium

d)

Triplex

2.

A complex is a group of many apartments with common facilities such as recreational areas, clubhouse and parking lots.

a)

Apartment

b)

Duplex

c)

Triplex

d)

condominium

3.

An individually owned unit in an apartment style complex with shared ownership of common areas.

a)

Condominium

b)

Duplex

c)

Triplex

d)

Apartment

4.

Buildings with three or four individual housing units.

a)

Triplex

b)

Apartment

c)

Duplex

d)

Condominium

5.

He is the one who takes care of all repairs and maintenance, collects the rent and assures suitable living conditions.

a)

Residential land lord

b)

Property manager

c)

Care taker

d)

Owner

6.

He is the one who collect rent, hires and pay people to make repairs and maintain the property.

a)

Property manager

b)

Resident land lord

c)

Caretaker

d)

Owner

7.

Tangible metals that have known and universal value around the world.

a)

Precious metals

b)

Gems

c)

Jewelry

d)

Collectibles

8.

Statement # 1 Investment in real estate is good because It appreciate over time.


Statement # 2 Investment in real estate has a tax benefits

a)

True; true respectively

b)

True, false respectively

c)

False ; false respectively

d)

False, True respectively

9.

Statement # 1 Investment in real estate provides hedge against inflation.


Statement # 2 Investment in real estate is a long term investment

a)

True; true respectively

b)

False, false respectively

c)

False; true respectively

d)

True; false respectively

10.

It is consider a speculative investment, so some banks are often unwilling to make loans on _________

a)

Vacant land

b)

Building

c)

Farm land

d)

Apartment