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Real Estate Quiz #1: What are real estate agents and why do they matter?

A ______________ is a person you can go to in order to get help buying a home
Pastor
Doctor
Real Estate Agent
Supervisor
A real estate agent is also known as a ____________________
Intermediary
Closer
Real agent
Good person
According to Dr Watkins, a ________________________ is when something is bought or sold
Purchase
Deal
Transaction
Collusion
The real estate agent representing the person making the purchase is called
The buyer's agent
The housing agent
The closing agent
The purchaser
The listing agent is typically looking to get the best deal for the
Buyer
Seller
When the deal is finally done to buy the property, this is called a ________________
Deal breaker
Closing
Finalization
Compound
True or false: Closings in real estate tend to happen very quickly
True
False
True or false: People should not try to own too much property
True
False
The money you have to provide in order to buy property is called a __________________________
Closing Cost
Deposit
Diverstiture
Down Payment
The more your down payment, the _______________________ money you have to borrow from the bank
More
Less
True or false: If you buy a home with a down payment, the bank can take the home from you
True
False
Which is NOT one of the fees you might have to pay for closing costs?
Survey fee
Handling fee
Lawyer's fees
Escrow fees
According to Dr Watkins, when you want to buy a house, the first thing you should do is
Save your money
Go to the bank
Find a real estate agent
Eat popcorn
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