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Real Estate Quiz (Medium)

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Real Estate Quiz (Medium)

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Take your knowledge a step further by completing the fill-in-the-blank quiz with real estate terms!

Created by

WM
WM
United States

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Real Estate Quiz (Medium)
 

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Real Estate Quiz (Medium)Online version

Take your knowledge a step further by completing the fill-in-the-blank quiz with real estate terms!

by WM
1

A loan used to buy a house , paid back with interest is called a .

2

The profit made from selling property for more than it was purchased is called .

3

A professional estimate of a property ? s value is called an .

4

A physical document transferring property ownership is called a .

5

A home that needs repairs , often sold for a lower price is called a - .

6

Buying and reselling a property quickly for profit is called .

7

Fees paid at the end of a real estate transaction , including lender fees , title insurance , and taxes are called .

8

The upfront amount a buyer pays when purchasing a home , usually a percentage of the total price is called a .

9

A property owner who rents out space is called a .

10

Taxes paid by homeowners based on property value is called .

11

A company that owns income - producing real estate is called a .

12

The annual rental income as a percentage of a property's price is the .

13

Selling a home for less than the mortgage balance , often to avoid foreclosure is called a .

14

A person who rents a property is a .

15

The portion of a home that a homeowner actually owns , calculated as the home ? s value minus any outstanding mortgage is called .

16

A third - party account that holds money or documents until all conditions of a sale are met is called .

17

When a homeowner fails to pay the mortgage and the lender takes back the property , it is called a .

18

The percentage of rental properties that are unoccupied is called the .

19

A group that enforces rules and maintains common areas in a community , often requiring monthly fees is a .

20

A professional evaluation of a home's condition before purchase is called an .

21

A is a property that is advertised for sale .

22

The price a home would likely sell for in the current market is the

23

A lender ? s confirmation of how much a buyer can borrow before house hunting is called a - .

24

A is a licensed professional who helps buyers and sellers with real estate transactions .

25

A is a legal concept that proves property ownership and describes ownership rights and responsibilities .

26

Government rules that determine how land can be used , such as residential or commercial is called .

27

An is a home loan with an interest rate that changes over time .

28

A - is a home loan with a set interest rate that doesn ? t change .

29

The is the percentage of income used for debt payments , affecting mortgage approval .

30

A charge by lenders to process a mortgage application is called the .

31

are fees paid upfront to reduce a mortgage ? s interest rate .

32

Replacing an old mortgage with a new one , often to get better terms is called .

33

The money left after paying expenses on an investment property is called .

34

A tax on profit from selling real estate is called .

35

Borrowing money to invest more , hoping for higher returns , is called .

36

The dollar amount a local government assigns to a property , which is used to determine how much property tax a homeowner owes is called the .

 
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