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Real Estate Trivia Game Flashcards | StudBud
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Real Estate Trivia Game
Real Estate Trivia Game
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Fun Real Estate Trivia #Lubbock #Stewart Title
Flashcards
39 cards
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Practice quiz
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Questions
39
Answers
1
You can buy an acre of the moon for:
$30
The moon is not for sale
$200
$1,000
2
What is the appraisal value of the White House?
$200 Million
$110 Million
$250 Million
$80 Million
3
....is an essential element of a valid contract.
Trust
Tenancy
Consideration
Ownership
4
How long has Stewart Title been doing business in Lubbock, Texas?
100 Years
120 Years
20 Years
40 Years
5
Title companies represent?
No one
The Realtor
The Lender
The Buyer
6
What was invented in Flushing, NY?
Septic Tank
Garbage Disposal
Toilet
The Body Botox
7
Which kind of doorknob disinfects themselves and is the most antimicrobial of them all??
Brass
Aluminum
Copper
Silver
8
Which of the building phases is completed before the electrical?
Framing
chimney
Concrete driveway
Drywall
9
When measuring a house to for Gross Living Area, measurements are taken of:
Interior
Exterior
10
When should you submit your T-47 to the title company if your seller has a survey?
Day before closing.
You don't need it.
After closing.
What is agreed to in Paragraph 6 C-1 in the Contract.
11
From what language comes the real estate term "mortgage", where it means "dead pledge".
Latin
Vulcan
Italian
French
12
Which state is required by law to disclose that a property is believed to be haunted?
South Carolina
Georgia
New York
Texas
13
How many days do you have to close on replacement property in a 1031 Exchange?
180 Days
The next day.
90 Days
30 Days
14
A....is a document that conveys real estate from one party to another.
Deed
Tenancy
Title
Severalty
15
___ is an essential of a valid contract.
concurrent estate
deed
offer & acceptance
title
16
You must have a real estate license to use the forms posted on the TREC website.
Fact
Fiction
17
A _____ is a promise to convey property in exchange for something usually money.
Deed
Tenancy
Title
Sales Contract
18
What is the conforming loan amount for a single-family unit?
$533,850
$497,350
$350,000
$453,100
19
In Scotland, homeowners paint their door red when...
They purchase their first home
They want to show a warm welcome
They payoff their mortgage
They have their firstborn child
20
A ... insurance policy backs up the claim of the warranty deed, protecting the lender or buyer.
Title
Severalty
Tenancy
Deed
21
Which state bands all outdoor billboard advertising?
Nebraska
Oklahoma
Texas
Maine
22
....deeds often are used when property isn't sold.
Quitclaim
Grantee
Quickclaim
Warranty
23
What is the largest house in the U.S.?
The White House
The Biltmore House
The Vanderbilt House
Whitemarsh Hall
24
Title is ___
ownership
a deed
I don't know
money
25
Production and spec builders tend to construct homes faster because...
One building permit covers multiple homes.
They are better builders.
They don't hire subcontractors.
They build the same home and floor plan repeatedly.
26
What term is used to describe a professional estimate/opinion on the value of real estate?
Submittal
Propostion
Best Guess
Appraisal
27
Probate must begin within how many years after death?
1
4
2
10
28
A seller's disclosure is not required if....
The house is worth less than 5% of the sales price
Answers 1 & 2
The house is being sold as "foreclosure"
The house is updated
29
Title is ....
A deed
None of the above
Money
Ownership
30
..... warranty deed only covers the period of time for which the seller owned the property.
Quitclaim
Title
General
Special
31
Think your home is too small? The Average homes size in many developing countries is...
1,000 sq. ft.
75 sq. ft.
750 sq. ft.
500 sq. ft.
32
What subdivision is NOT in the 2018 Parade of Homes
South Fork
Foxridge
Stratford Pointe
Preston Manor
33
Can a Realtor charge a lender to advertise on a Realtors website?
Yes, with hyperlinks for a flat fee.
Yes, with banner ads for a flat fee.
No - against RESPA rules.
It depends.
34
You should avoid terms like
standard
and
prevailing when discussing commissions?
False
True
35
Who is the world's largest land owner?
The U.S. Government
King Adullah
Queen Elizabeth II
Donald Trump
36
New home sales can minimize liability for real estate professionals because...
Builder's sales rep has 100% of the liability.
The builder's workman's comp. insurance cover the Realtors.
New home sales are fun to sell.
The builder's structure warranty reduces their liability.
37
What charity was the beneficiary for Stewart Title's "Closings for a Cause" campaign in 2017?
Casa
Meals on Wheels
Ronald McDonald House
United Way
38
What city in Texas has the most expensive home at $135 Million?
Austin
Dallas
Houston
Midland
39
What is "chain of title"?
History of ownerhsip for the past 5 years.
History of ownership for the past 10 years.
History of Ownership for all past years.
History of ownership for the past year.
