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Housing

Total questions: 19

Worksheet time: 10mins

Name
Class
Date
1.

A building divided into living spaces for two families.

a)

fourplex

b)

town house

c)

duplex

d)

loft

2.

Which is a contract for RENTING a home?

a)

mortgage

b)

loan

c)

lease

3.

Single family houses that are side by side and share walls; also called row houses

a)

apartments

b)

manufactured

c)

town homes

d)

triplex

4.

Owner of a rental property =

a)

renter

b)

landlord

c)

resident

d)

tenant

5.

A 5-20% portion of the total purchase price of the home presented at the time of buying a house is called:

a)

security deposit

b)

closing cost fee

c)

down payment

d)

mortgage

6.

Renters are responsible for all repairs and maintenance of the home they rent.

a)

true

b)

false

7.

A building with many living units above, beside, and/or below each other.

a)

town home

b)

loft

c)

single-family home

d)

apartment

8.

The first step in buying a home should be:

a)

contacting a real estate agent

b)

looking on Zillow

c)

determining price range

d)

making a counter offer

9.

All rental properties allow pets.

a)

true

b)

false

10.

Who is responsible for changing smoke detector batteries?

a)

landlord

b)

tenant

11.

A person who rents a property is called:

a)

landlord

b)

tenant

12.

A security deposit is a part of the contract when you:

a)

RENT

b)

BUY

13.

People choose different types of housing at different stages or times in their life.

a)

True

b)

False

14.

Which is a better housing option if you plan to move around commonly?

a)

RENT

b)

BUY

15.

What is money upfront to purchase a home (usually 5-20% of the purchase price)?

a)

security deposit

b)

down payment

c)

closing cost

d)

pre-payment

16.

Renters are all just throwing money away.

a)

true

b)

false

17.

A licensed individual who works with a buyer and/or seller through the contractual agreements of purchase or sale of a home.

a)

landlord

b)

tenant

c)

lawyer

d)

real estate agent

18.

Which of the following can only be a cost of housing when you OWN?

a)

utilities

b)

furnishings

c)

inspections

d)

insurance

19.

A landlord can request bank statements or paystubs on a rental application.

a)

true

b)

false