WEEK 3-6 QUIZ
Real Estate Knowledge Quiz
Test your knowledge of real estate concepts with our engaging quiz! In just a few minutes, you can find out how well you understand essential terms and strategies used in the industry.
This quiz covers key topics including:
- Property valuation
- Buyer-seller relationships
- Financing options
- Market trends
What does ARV stand for
Always remember valuee
After reconsider value
After repair value
After repair vote
If a property is a multi family/ apartment building how would you calculate value?
Comparing to single family homes prices nearby
Income approach
I have no idea
Does a property having a pool matter when im comping a property?
Yes
No
When talking to buyers we want to make sure we do NOT do what?
Build rapport
Create a sense of urgency
Have comps ready
Say we do not know how much repairs are
Which of these ways can protect you from a buyer
Telling them the lockbox code
Getting their home address
Getting a verbal agreement
Getting sizable earnest money deposit
Can you list a wholesale property on the mls?
No
Yes
If a seller is behind on their mortgage which option could possibly be best for them
Cash offer
Subject to
Listing on mls
During a short sale do all parties in the transaction have to be in agreeance?
No
Yes
When doing seller financing who acts as the bank in the transaction?
Buyer
Seller
Chase bank
Idk
Is skiptracing illegal?
Yes
No
{"name":"WEEK 3-6 QUIZ", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Test your knowledge of real estate concepts with our engaging quiz! In just a few minutes, you can find out how well you understand essential terms and strategies used in the industry.This quiz covers key topics including:Property valuationBuyer-seller relationshipsFinancing optionsMarket trends","img":"https:/images/course6.png"}