Real Estate Trivia

Ever wonder why land is called "real estate"? Well, the term "estate" literally refers to the land and buildings upon the land but "real" is derived from the Latin word for what?

• Earth

• Thing

• Person

• Exchange

For tax purposes, some property owners decrease the value of their property over time (presumably, to account for wear and tear over time) and take the amount as a tax write-off. What is this process called?

• Amortization

• Subsidization

• Nominalization

• Capitalization

Urban 'blight' has been a traditional problem in large cities around the world. What is the term for the deliberate improvement of homes or other properties in urban areas to bring up the property values?

• Velarizing

• Bootstrapping

• Gentrification

• Fenestration

The United States Government paid 7.2 million for what piece of land

• Grand Canyon

• Alaska

• Hawaii

• Puerto Rico

What are the three most common toxins for which homes are tested?

• radon, mold, carbon monoxide

• Lead, asbestos, mold

• fungus, lead, radon

Where in the United States will you find the largest concentration of million dollar plus homes?

• New York

• California

• Hawaii

• Texas

What country has the highest percentage of private housing?

• Canada

• France

• USA

• Mongolia

Which famous persons estate has two pools, one on the east side for the morning sun and one on the west for afternoon enjoyment?

• Jackie Kennedy

• Ernest Hemingway

• Audrey Hepburn

• John Lennon

What kind of home construction is considered to be the safest in seismic areas?

• Brick

• Concrete

• Wood

• Straw Bale Homes

Excluding the US Government, who is the world's largest landowner?

• The Queen of England

• Donald Trump

• Ted Turner

• King Abdullah of Saudi Arabia