Can You Be In The Real Estate Branch?

8 Questions | Total Attempts: 128

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Can You Be In The Real Estate Branch? - Quiz

The real estate branch is blossoming these days and it sure is a great opportunity to get involved in. Solve this quiz to see if you can make it in real estate.


Questions and Answers
  • 1. 
    What's exclusive agency listing? 
    • A. 

      When an agent sells a really big house.

    • B. 

      When agent gets paid only if they sell a property. There's no fee for the agent if the owner alone sells the property.

    • C. 

      When an agent get's a big fee if the owner alone sells the house.

  • 2. 
    A valid real estate contract doesn't have...? 
    • A. 

      An offer and an acceptance

    • B. 

      Agent's information

    • C. 

      Competency

  • 3. 
    What does a valid deed have? 
    • A. 

      A video copy of the deed itself

    • B. 

      Picture of the owner

    • C. 

      Signature

  • 4. 
    Which one of these answers is a tax-deductible if you own a house? 
    • A. 

      Insurance

    • B. 

      Mortgage interest

    • C. 

      Home improvement and repairs

  • 5. 
    How many parking spaces should a 40.000 square feet apartment complex have if there's a 2 and a half parking spaces per 1000 square feet according to zoning law? 
    • A. 

      100

    • B. 

      200

    • C. 

      300

  • 6. 
    How many time do parties have to review the HUD statement? 
    • A. 

      24 hrs

    • B. 

      48 hrs

    • C. 

      72 hrs

  • 7. 
    What do Fiduciary Duties of a real estate agent include? 
    • A. 

      Honesty, dedication and confidentiality

    • B. 

      Loyalty, honesty and accounting

    • C. 

      Loyalty, confidentiality and accounting

  • 8. 
    If three persons share a property, and one person sells his part to a 4th person, what's the 4th person now with the first two persons? 
    • A. 

      Tenant at will

    • B. 

      Joint tenant

    • C. 

      Tenant in common

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