Try out our quiz to test your Real Estate Knowledge. Don’t forget to use the hints.
How much do you think this house is worth?
It is a 1 Bedroom, 2 Bath home located in Richmond
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Correct!
Wrong!
What do you think the interest rate is for a 30 year fixed rate loan?
Timea
Nope. We're not going that low just yet.
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Correct!
Wrong!
What are the first steps you need to take to purchase a home?
Are you able to get financing?
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Correct!
Wrong!
What determines if a room is legally classed as a bedroom?
Let there be light
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Correct!
Wrong!
Which of these best describes the term 'capital gain' when it comes to real estate?
It's all in the gain.
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Correct!
Wrong!
What factors would an appraiser use to determine the value of a property?
They will look at the overall value
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Correct!
Wrong!
What would you call purchasing a property in order to resell it at a profit?
Let's talk burgers
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Correct!
Wrong!
What is the period between the offer and the closing commonly called?
Hmm. I wonder what bird that is?
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Correct!
Wrong!
Real Estate Quiz
Well Done. You're a Rising Star
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