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Chapter 15: Real Estate Quiz
Test your knowledge of the real estate chapter material!
1 / 10
You should never explain trends using indicators that contradict one another.
The answer can be found on page 163.
Correct! Your job is to explain the trends even when indicators are telling different stories. Showing “conflicting signals” is not a crime and will help your readers stay fully informed.
2 / 10
A real estate agent and a Realtor are the exact same thing.
The answer can be found on page 166.
Correct! A real estate agent is a person who sells or rents housing or other buildings for clients. They do not have to be a Realtor (note the capital R, as the word is trademarked). Realtors are real estate agents who are members of The National Association of Realtors (also spelled in all capital letters as “REALTOR”).
3 / 10
What is the first tip suggested in this chapter?
The answer can be found on page 156.
That's right! Although there are a lot of good tips in this chapter, you should always refer back to this one when writing a story.
4 / 10
Real estate is a niche beat that is unlikely to be a newsleader at your publication.
Correct! Everybody needs a roof over their head – even local businesses.
5 / 10
When a borrower falls behind on mortgage payments, the lender will officially notify the borrower that they are in legal “_______” of the terms of their mortgage. This typically leads to the start of the foreclosure process.
The answer can be found on page 165.
That's right!
6 / 10
A benefit or discount offered to buyers, sellers, or renters to close a deal – whether that be a home sale or rental lease – is the definition of what?
The answer can be found on page 164.
That's right! Concessions for home sellers can include things such as covering the cost of repairs or new appliances. Renters may be offered concessions such as “1-month free” or waiving fees.
7 / 10
What does FSBO stand for?
Correct! Homes that are “For Sale By Owner” or "fizz-bo," are marketed by the owner with little to no help from a real estate professional.
8 / 10
When speaking with real estate consultants, what is important to know before quoting them?
The answer can be found on page 159.
That's correct!
9 / 10
Where is one place you can find standout stories on the real estate beat?
The answer can be found on pages 160-161.
Correct! There are a lot of places you can find out standout stories, including exhibit halls, agent meetings, social media, online, planning commissions, your newspaper, courthouse, model homes, and open houses.
10 / 10
______ is a legal process where a lender attempts to recover the balance of a mortgage when a borrower has stopped making payments by forcing the sale of the property, often at an auction.
Correct!
Your score is
The average score is 95%
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