Real Estate Jeopardy

Industry Acronyms

100

FHA

What is FEDERAL HOUSING AUTHORITY

200

IHFA

What is Idaho Housing and Finance Association

300

ROI

What is RETURN ON INVESTMENT

400

FSBO & FRBO

What is FOR SALE BY OWNER & FOR RENT BY OWNER

500

HUD

Housing and Urban Development

Idahome & Land

100

What year was Idahome and Land founded?

2016

200

How long from contract to live on a new listing?

1 week

300

How much does IHL pay per year toward an agent's marketing expenses?

$1000

400

What are the 3 Buckets (Where your business will come from)

1. Sphere & Referrals

2. Internet Leads

3. Prospecting

General Real Estate

100

a fixture

What is personal property that, by its attachment to real property, is regarded as real estate is called?

200

How do you calculate EQUITY?

Fair value of a property less and debt encumbered on said property. 

300

DAILY DOUBLE!!!! What is RESPA?

DAILY DOUBLE!!!!!!! Real Estate Settlement Procedures Act

400

What are Fiduciary Duties Of A Real Estate Agent?

Loyalty, Obedience,Disclosure, Confidentiality, Reasonable Care and Diligence and Accounting

Real Estate Math

100

Divide the net operating income by the sale price

What is A CAP RATE?

200

What does ROI stand for?

Return On Investment

300

How many square feet are in an acre

What is 43,560?

400

What is AMORTIZATION?

It is the schedule of your monthly loan payments. Amortization is a method of equalizing the monthly payment over the life of the loan.

Misc.

100

What are the two types of legal descriptions

Meets and Bounds, Lot and Block

200

What is STEERING?

THE UNLAWFUL ACT OF KEEPING A BUYER AWAY FROM CERTAIN COMMUNITIES OR GUIDING THEM INTO A CERTAIN COMMUNIITY.

300

What is ASSEMBLAGE? 

Combining two or more separate lots

400

What must be on all advertisements?

Broker's Full Name