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WEEK 3-6 QUIZ

A vibrant illustration of a diverse group of individuals engaged in real estate discussions, with images of houses, graphs, and medical symbols in the background, embodying the concept of learning and understanding real estate practices.

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

10 Questions2 MinutesCreated by ExploringEagle42

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

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?

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?

Yes

When doing seller financing who acts as the bank in the transaction?

Buyer

Seller

Chase bank

Idk

Is skiptracing illegal?

Yes

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