Real Estate Jeopardy

Industry Acronyms

100

CMA

What is Comparative Market Analysis?

200

FHA

What is Federal Housing Administration?

300

ARV

What is After-Repaired Value?

400

RESPA

What is the Real Estate Settlement Procedures Act?

500

HARP

What is the Home Affordable Refinance Program?

General Real Estate

100

Personal property that, by its attachment to real property, is regarded as real estate

What is a fixture?

200

Latin for "suit pending"

What is Lis Pendens?

300

9 Members

What is The number of members of The Virginia Real Estate Board?

400

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

DAILY DOUBLE!!!! What is RESPA?

500

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

Wat are Fiduciary Duties Of A Real Estate Agent?

Real Estate Math

100

Divide the net operating income by the sale price

What is A CAP RATE?

200

PITI

What is PRINCIPAL INTEREST TAXES INSURANCE?

300

You use your income to pay some or all of what you owe to your creditors over time -- from three to five years, depending on the size of your debts and income. In return, you may keep your property.

What is Chapter 13?

400

43560 SQ. FT.

What is THE AREA OF AN ACRE?

500

9 SQUARE FEET=? SQUARE YARDS

What is A SQUARE YARD (ONE)

Short Sales and Foreclosures

100

WHEN A PROPERTY LIEN HOLDER AGREES TO RELEASE A LIEN ON A PROPERTY FOR LESS THAN WHAT IS OWED

What is A SHORT SALE?

200

12 months

What is the length of Right of Redemption?

300

A short sale negotiator.

What is someone who provides assistance in negotiating with the lender on the seller’s behalf?

400

A WRITTEN PROMISE TO PAY A SPECIFIC SUM OF MONEY TO A LENDER OR MORTGAGE INVESTOR TO COMPLETE A SHORT SALE

What is A PROMISSORY NOTE?

500

10 days from acceptance.

What is the normal inspection period.