Real Estate Jeopardy

Industry Acronyms

100

FHA

What is FEDERAL HOUSING ADMINISTRATION?

200

FIRPTA

What is Foreign Investment In Real Property Tax Act?

300

FHLMC

What is FREDDIE MAC OR Federal Home Loan Mortgage Corporation?

400

PITI

What are Principal, Interest, Taxes and Insurance?

500

REO

What is Real Estate Owned?

Residential Sale Contract

100

When Buyer requests Seller to pay compensation to Selling Broker, this rider should be used:

What is Broker Compensation Rider?

200

These three flat rate utility charges are prorated at closing:

What are Water, Sewer and Trash?

300

These two charges are paid by Seller when they are levied prior to closing:

What are Special Taxes and Special Assessments?

400

If Seller can not clear Title or Survey defects, they might be responsible for these four Buyer expenses:

What are Title, Survey, Inspections and Appraisal?

500

During the building inspection resolution period, these two occurrences shall constitute an agreement even after earlier negotiation failed to produce one:

What are a written commitment by Seller to meet the requirements originally submitted by Buyer or a written commitment by Buyer to accept the property without such requirements? 

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

This figure is determined by dividing Operating Income by the Sale Price:

What is the CAP RATE?

400

DAILY DOUBLE!!!!!!! This person is the most "awesomest" REALTOR® ever:

DAILY DOUBLE!!!! Whatever name you said - in the form of a question - is correct!

500

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

What are Fiduciary Duties Of A Real Estate Agent?

Real Estate Math

100

Any gain in the value of a property over time from any cause:

What is APPRECIATION?

200

Adding taxes, insurance and maintenance to a monthly lease payment results in this type of lease:

What is TRIPLE NET?

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)

NAR 2024 Profile of Home Buyers and Sellers

100

This category of buyer decreased to 24% of the market share (down from 32% in 2023) which marks the lowest share since NAR began collecting the data in 1981: 

Who is the FIRST-TIME Buyer?

200

The Chief Economist and Vice President of Research at NAR is:

Who is Lawrence Yun?

300

The most commonly cited reason for selling their home was:

What is the desire to be closer to friends and family?

400

Only 6% of this type of Seller sold in 2024 which was an all time low:

Who is FSBO?

500

This is the most important factor when Sellers select an agent:

What is the agent's reputation?