Real Estate Basics
7th - 12th Grade
•20 Qs
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Real Estate Basics
Quiz
•
Business, Life Skills, Mathematics
•
7th - 12th Grade
•
Easy
+16
Standards-aligned
Ashleigh Gusberti
Used 10+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
You'll need to have a minimum down payment of ___ of the total cost of the house you want to buy.
20%
10%
5%
15%
Tags
CCSS.6.RP.A.3C
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
_______________ means you pay someone else each month for a place to live.
house poor
equity
owning a home
renting
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
__________ is the difference between what a house is worth and what is still owed on it.
equity
mortgage
investment amount
life of the loan
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.7.3
CCSS.RI.7.5
CCSS.RI.8.3
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Apartment ______________ such as a pool, fitness center, and other perks are nice but usually mean higher rent prices.
upgrades
luxuries
amenities
benefits
Tags
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RL.11-12.4
CCSS.RL.7.4
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Another word used for "renting" is:
buying
leasing
investing
owning
Tags
CCSS.RI.7.4
CCSS.RI.9-10.4
CCSS.RL.11-12.4
CCSS.RL.8.4
CCSS.RL.9-10.4
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A loan obtained for a home purchase is a(n)
equity
inspection
lease
mortgage
Tags
CCSS.RI.11-12.3
CCSS.RI.7.5
CCSS.RI.8.3
CCSS.RI.8.5
CCSS.RI.9-10.5
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An individually owned unit in an apartment style complex with shared ownership of common areas.
Condominium
Duplex
Triplex
Apartment
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