Real Estate and Entrepreneurship Quiz

Buying a new home means few repairs in years to come?

• True

• False

Down payment isn't the only upfront cost?

• True

• False

Real Estate means easy money?

• True

• False

Entrepreneurship is a life skill.

• True

• False

Real estate is a high risk investment.

• True

• False

Entrepreneurs collaborate more than they compete.

• True

• False

What is the primary purpose of a home inspection in real estate transaction?

• To estimate the market value of the property

• To determine the property's rental income potential

• To identify any defects or issues with the property

• To negotiate repairs or price reductions

Is realtor or real estate agent the same?

• True

• False

Entrepreneurs don't quit

• True

• False

Which of the following isn't a characteristic of a buyer's market in real estate?

• High Demand & Low Supply

• Decreasing property prices

• Longer time on the market

• Negotiating power for buyers