Real Estate Consulting by MME

Midterm Quiz 1

Marks 10.00/10.00
Grade 100.00 out of 100.00
Question 1
An investment manager could earn his living trading bundles of mortgages,
called mortgage-backed securities, and other kinds of debt financing.

Select one:
True 
False

Question 2
A copy of the property tax bill is typically provided to the buyer by the seller after closing
the transactions.

Select one:
True 
False

Question 3
Correct
Mark 1.00 out of 1.00

Flag question

Question text
A home that has features that are sought after in your area will dictate a higher price.
Amenities
Answer: 

Question 4
It is a transaction between two or more parties, typically a buyer and a seller, in which goods
or services are exchanged for money or other assets
sale
Answer: 
Question 5
Once you and the buyer have agreed upon price, you are ready for a formal inspection of
your home to detect defects or problems.

Select one:
True 
False

Question 6
A Home Protection Plan that protects a buyer during the first year of home ownership may
add stability to your home.
Home Warranty
Answer: 

Question 7
Which of the following guidelines is NOT included in preparing your home for market?

Select one:
a.
Marketing Plan
b.
Cleanliness
c.
Paint

d.
Curb Appeal
When an individual is purchasing their first home, a sale occurs when the home is sold to
the buyer.

Select one:
True 
False

Question 9
Listing your home with an Agency Real Estate professional agent is the second  step on the
path to a successful closing.

Select one:
True
False 

Question 10
Establishing the list price that will attract the most buyers at the best price is the first step in
developing a marketing plan.

Select one:
True 
False