Real Estate IQ

How you answered...


Question 1

Q: To effectively stage your house to sell, you should definitely do which of the following?

A: Replace dated kitchen appliances.

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Question 2

Q: What is the typical amount you should set aside for closing costs?

A: 1 to 2.5% of the purchase price

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Question 3

Q: What is one of the first things to consider when setting out on a house hunt?

A: Location, location, location.

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Question 4

Q: In today's market, everyone is talking about foreclosure. What exactly is it?

A: It's when a mortgage lender sets the legal wheels in motion to take the home back.

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Question 5

Q: Sleep On It is an HGTV hit show about:

A: Families spending 24 hours in a home before deciding to
make an offer.

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Question 6

Q: Single females are buying more homes
than ever. How many million females own homes in the U.S.?

A: 20 million

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Question 7

Q: When selling your home, it pays to look at the complete financial picture so you are ready to deal. Which of the following should be on
the list of costs?

A: Realtor commission

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Question 8

Q: FrontDoor.com is a new HGTV website that lets consumers:

A: Search homes for sale across the country.

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Question 9

Q: When pricing a loan, how much margin (profit) do lenders add to the cost of the loan?

A: 2.5 to 3%

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Question 10

Q: In today's market, everyone is talking about foreclosure. What exactly is it?

A: It's when a mortgage lender sets the legal wheels in motion to take the home back.

You chose:

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