Real Estate Terms & Best Practices Quiz

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Key terms and practices

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Allison

United States

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Real Estate Terms & Best Practices QuizOnline version Key terms and practices by Allison 1 5. A title search is not part of the closing process. Yes No 2 1. A CMA (comparative market analysis) helps estimate property value by comparing similar recent sales. Yes No 3 4. A home inspection is commonly part of due diligence in a real estate transaction. Yes No 4 2. Escrow protects funds and documents during the closing process. Yes No 5 2. Escrow accounts are never used to hold deposits during closing. Yes No 6 3. An earnest money deposit guarantees the sale even if a major mortgage falls through. Yes No 7 5. A closing disclosure outlines final loan terms and closing costs. Yes No 8 4. A seller's disclosure is optional in all jurisdictions. Yes No 9 3. An earnest money deposit shows the buyer's serious intent to purchase. Yes No 10 1. A CMA is used to estimate listing price without comparing similar properties. Yes No

Real Estate Terms & Best Practices QuizOnline version

Key terms and practices

by Allison

5. A title search is not part of the closing process.

Yes

1. A CMA (comparative market analysis) helps estimate property value by comparing similar recent sales.

Yes

4. A home inspection is commonly part of due diligence in a real estate transaction.

Yes

2. Escrow protects funds and documents during the closing process.

Yes

2. Escrow accounts are never used to hold deposits during closing.

Yes

3. An earnest money deposit guarantees the sale even if a major mortgage falls through.

Yes

5. A closing disclosure outlines final loan terms and closing costs.

Yes

4. A seller's disclosure is optional in all jurisdictions.

Yes

3. An earnest money deposit shows the buyer's serious intent to purchase.

Yes

1. A CMA is used to estimate listing price without comparing similar properties.

Yes

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

Real Estate Terms & Best Practices Quiz

Yes or No

About this activity

Created by

Download the paper version to play

Top Games

Yes or No

Grammys for best song/record

Yes or No

Adjective Checker

Yes or No

Is it true?

Yes or No

Is it created with Artificial Intelligence? - Complete game

Yes or No

Foot and Ankle Anatomy Quiz

Real Estate Terms & Best Practices QuizOnline version

by Allison

5. A title search is not part of the closing process.

1. A CMA (comparative market analysis) helps estimate property value by comparing similar recent sales.

4. A home inspection is commonly part of due diligence in a real estate transaction.

2. Escrow protects funds and documents during the closing process.

2. Escrow accounts are never used to hold deposits during closing.

3. An earnest money deposit guarantees the sale even if a major mortgage falls through.

5. A closing disclosure outlines final loan terms and closing costs.

4. A seller's disclosure is optional in all jurisdictions.

3. An earnest money deposit shows the buyer's serious intent to purchase.

1. A CMA is used to estimate listing price without comparing similar properties.

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