Top Real Estate Quizzes & Trivia

One of the most profitable businesses in modern-day society, real estate has transformed many people into millionaires because of significant investments at the right time in the right place. So if you think you are a real estate expert, you might want to become one or you’re just curious about this, why not give our real estate trivia a try?

We have all sorts of questions meant to challenge you at every step. Unless they hold title in a Mexican Corporation, foreigners cannot buy land in Mexico within what range of the coast? The Irish property bubble was a rapid increase in the price of real estate, a time in which Ireland was known as what? Get all the assets and lands and create your own real estate empire.

Real Estate Questions and Answers

1. Looking at the long history of US home prices adjusted for inflation (1890 to 2008), how long has it historically taken for US home prices to double (for the same type and size of house in the same location)?

5-10 years

10-20 years

20-50 years

50-80 years

Real estate question from

Are You Smarter Than a Real Estate Agent?

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Adjusted for inflation, had US real estate prices ever declined nationally before 2007?

No

Yes, less than one year out of ten

Yes, about one year out of five

Yes, prices adjusted for inflation fall about as often as they rise

Real estate question from

Are You Smarter Than a Real Estate Agent?

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Can the value of a home drop so much that it has to be given away in order to find a new owner?

Yes

No

Real estate question from

Are You Smarter Than a Real Estate Agent?

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In real estate the definition of land includes ONLY what is on the surface of the earth and attached by nature such as trees.

True

False

Real estate question from

Real Estate Fundamentals - Chapter 1: Basic Real Estate Concepts

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All of these statements are characteristics of land: All parcels of land are different; land is essentially indestructible; and, land is fixed in its location.

True

False

Real estate question from

Real Estate Fundamentals - Chapter 1: Basic Real Estate Concepts

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There are only two (2) categories of property: (1) Real Property, and (2) Improved Property.

True

False

Real estate question from

Real Estate Fundamentals - Chapter 1: Basic Real Estate Concepts

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How much is the amount of basic real property tax that may be imposed by a province?

1.0% of the assessed value

2.0% of the assessed value

Not exceeding 1.0% of the assessed value

Not exceeding 2.0% of the assessed value

Real estate question from

Real Estate Taxation

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Documentary stamps tax (DST) is one of the taxes due on sale, exchange, and transfer of capital and ordinary assets. What is the rate to be applied for the DST of the gross selling price or zonal value plus value of a house or building in the lot?

1.25%

1%

1.5%

1.75%

2%

Real estate question from

Real Estate Taxation

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What is the tax payable to the local government unit for sale, transfer or other disposition of real estate, whether the real estate is a capital or ordinary asset?

Value-added tax

Withholding tax

Capital gains tax

Sales tax

Transfer tax

Real estate question from

Real Estate Taxation

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Amortization

the periodic payment which includes principal

the periodic payment which includes interest

the periodic payment which includes principal and interest

none of the above

Real estate question from

Real Estate Terminologies

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Balloon Payment

the final payment in an installment plan which is bigger than the previous installments and which liquidates part of the obligation

the final payment in an installment plan which is bigger than the previous installments and which liquidates the entire obligation

the final payment in a financing plan which is almost bigger than the previous installments and which liquidates the obligation

none of the above

Real estate question from

Real Estate Terminologies

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Buyers Equity

the difference between contract price and loanable amount

the difference between the fair market price and the loanable amount

the difference between the contact price and the down payment

the difference between the contract price and the selling price

Real estate question from

Real Estate Terminologies

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