Industry Acronyms
HOA
HOME OWNERS ASSOCIATION
What months are Carl and Todd's birthdays?
MARCH (CARL) AND APRIL (TODD)
A mortgage whose interest rate stays the same for the duration of the loan?
FIXED RATE MORTGAGE
A property that is sold for less than the debt secured by the property is known as what kind of sale?
A SHORT SALE
Played by Ty Burrell, Phil Dunphy is a real estate agent on what sitcom whose final episode aired in April 2020?
MODERN FAMILY
FHA
FEDERAL HOUSING AUTHORITY
How many years of real estate experience do we have combined?
10 YEARS
Who pays the buyer's agent's commission?
THE SELLER
9 Square Feet = ___ Square Yards
1
Largest brokerage in the United States?
KELLER WILLIAMS
DOM
DAYS ON MARKET
How many kids do we have between our 2 families?
8 KIDS
How many Board of Directors are there on the Utah Association of Realtors?
6
43,560 Square Feet = ____________
1 ACRE
If you want to go into real estate development, you could consider getting a business degree—a hint, a Master of ______ in Real Estate (MSRE)?
SCIENCE
BAC
BUYER'S AGENT COMMISSION
What are Todd and Carl's wives names?
RACHEL (SALMON) AND ASHLEY (SPENCER)
Homebuyers would be wise to factor in the money they’ll need beyond a down payment. These additional fees and expenses, which can be anywhere from 2% to 5% of the home loan, are collectively referred to as what?
CLOSING COSTS
DOUBLE JEOPARDY! The most expensive residence in the world is _____________________?
BUCKINGHAM PALACE
A written promise to pay a specific sum of money to a lender or mortgage investor to complete a short sale?
A PROMISSORY NOTE
REPC
REAL ESTATE PURCHASE CONTRACT
What is the highest quantity of energy drinks we have bought in one trip to the grocery store?
288
In the US, homes with _________ front doors are sold for more
BLACK
The 20 most expensive residential properties sold in the United States in 2020 were in Florida, California, New York, and ____________?
COLORADO
L.A.'s famous Hollywood sign once contained what four additional letters, reflecting its original use as a promotion for a real estate development?
LAND