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Housing

Total questions: 32

Worksheet time: 16mins

Name
Class
Date
1.

Which is a contract for RENTING a home?

a)

mortgage

b)

loan

c)

lease

2.

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

a)

apartments

b)

manufactured

c)

town homes

d)

triplex

3.

Owner of a rental property =

a)

renter

b)

landlord

c)

resident

d)

tenant

4.

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

5.

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

a)

town home

b)

loft

c)

single-family home

d)

apartment

6.

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

7.

A person who rents a property is called:

a)

landlord

b)

tenant

8.

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

a)

True

b)

False

9.

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

a)

RENT

b)

BUY

10.

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

11.

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

12.

What is this?

a)

An apartment

b)

A single family house

c)

A townhouse

13.

This homes are called

a)

Single family houses

b)

Duplexes

c)

Townhouses

14.

Some people make homes out of school buses.

a)

True

b)

False

15.

What are these called?

a)

Single family houses

b)

Townhouses

c)

Apartments

16.

If you live in St. Paul, you live in ...

a)

a rural area

b)

a suburban area

c)

an urban area

d)

the countryside

17.

What will you find in a half bath?

a)

a toilet, a shower, and a sink

b)

a sink and a toilet

c)

a bathtub, a toilet, and a sink

d)

a sink, a bathtub, and a shower

18.

What are two examples of amenities?

a)

electricity

b)

a gas fireplace

c)

a double garage

d)

a roof

19.

The money that I pay every month to the bank to buy my house is the

a)

rent

b)

mortgage

c)

security deposit

d)

savings

20.

When I buy something like a car or house and pay an extra percent to use the bank's money, I have to pay __________

a)

mortgage

b)

rent

c)

interest

d)

security deposit

21.

The area near a person's house is called the __________.

a)

neighbor

b)

school

c)

downtown

d)

neighborhood

22.

Utilities include _______________.

a)

heat and a/c

b)

electricity

c)

water

d)

all of the responses

23.

Pros of living in an apartment include...

a)

affordability & efficiency

b)

lack of privacy

c)

full of amenities

d)

more maintenance

24.

Condominiums feature ___________ such as security, landscaping, pools, fitness rooms, etc.

a)

AMENITIES

b)

security deposit

c)

credit check

d)

taxes

25.

Heat, electricity, gas, water, internet, cable are examples of...

a)

amenities

b)

duplexes

c)

utilities

d)

security deposits

26.

Pros of a single family home are ...

a)

more privacy

b)

lack of storage

c)

less outdoor space

d)

increased responsibility

27.

A report used to see if a person is in good financial standing. A good score above 700.

a)

credit check

b)

credit score

c)

annual payment rate

d)

insurance

28.

It is recommended to spend about ____ of your annual gross income on rent.

a)

15%

b)

20%

c)

30%

d)

40%

29.

When considering a neighborhood to reside in, which of the following is NOT a factor to consider?

a)

commute

b)

safety

c)

school district

d)

size of the closets

30.

The Fair Housing Act of 1968 was created by ​ (a)   in 1968.

Choose from the below words
Congress
The Senate
The House of Representatives
The President
31.

True or False: The Fair housing act made it illegal for a person to discriminate against another person when renting, selling, or buying a home.

a)

True

b)

False

32.
What Great Society program provided affordable housing?
a)
HUD
b)
HBK
c)
NATO
d)
NAACP