WorksheetsReal Estate Trivia
Total questions: 20
Worksheet time: 3mins
A Seller must disclose if a death occurred at the property within the last _____ years:
1
3
5
7
PITI stands for:
Principal, insurance, taxes, interest
Property, interest, television, internet
Principal, interest, taxes, insurance
Property, Inspection, Title, Insurance
Shanna's favorite day to list a property on the MLS is:
Monday
Everyday
Thursday
May 21st
During a traditional escrow period, the appraiser is hired by:
Seller
Buyer
Inspector
Lender
What does MLS stand for?
Mega Listing Strategy
Multiple Listing Service
Multiple Listing Supply
Many Listings Surprise
What is most likely to be called out on a pest report?
Mice in the attic
Dry Rot under the eaves
Ant Hill in the backyard
Birds nesting in porch lamp
All of the Above
A 2-unit property where each half of the unit has its own parcel number and owner:
Duplex
Townhome
Halfplex
Condo
A property that is sold for less than the debt secured by the property is known as what kind of sale?
Foreclosure
Conditional Sale
Short Sale
Conventional Sale
A clause in the purchase agreement that protects the Buyer's earnest money deposit for a set period of time:
Condition
Exception
Contingency
Cancellation
What “C” word refers to homes that have been sold in a given area in the past six months that help a real estate agent to determine a home’s value?
Contingency
Condition
Comparable
Commission
In order for a room to be considered a BEDROOM, it must have:
Closet
Overhead Lighting
Carpet
At least 2 electrical outlets
The maximum number of units for a property to still be considered residential:
5
4
3
10
There are currently ________ active SFR in Sacramento county.
2272
1373
1508
967
What type of tax applies to real estate transactions?
Income Tax
Property Tax
Sales Tax
Transfer Tax
In April 2024, Sacramento county's average days on market dropped to ______. A 50% decrease from April 2023.
20
15
18
25
The down payment typically required for an FHA loan is
3%
20%
3.5%
10%
What is typically not included in a Buyer's closing costs?
Recording fee
Transfer Tax
Lender fee
Real estate commissions
In April 2024, Placer county's average price per square foot is:
$405
$379
$318
$355
To get a home ready for market, a seller must do what?
Move all personal belongings out of the home
Repair all damage to the property
Sign a listing agreement
All of the above
Shanna can assist Buyers, Sellers, and Investors in what area?
Sacramento county
California
Nationwide
Northern California counties
