Unit 5-Real Estate
Quiz by Teresa
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29 questions
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- Q1an agreement between two or more people to bear a portion of an obligation.shared responsibility30s
- Q2a person with whom you share living space and responsibilities.roommate30s
- Q3your daily routine, or the way you choose to live your life.living habits30s
- Q4the act of making a plan and carrying it out to ensure an event to take place.logistics30s
- Q5a refundable amount paid to cover damages to property caused by a tenant.security deposit30s
- Q6a legally binding agreement that specifies the rights and duties of each party.contract30s
- Q7something of value exchanged for something in value.consideration30s
- Q8a rental agreement that specifies the rights and duties of the landlord and tenant.lease30s
- Q9the process of expelling a tenant from rented property.eviction30s
- Q10a person hired to take care of rental property and to communicate with tenants on behalf of the owner.property manager30s
- Q11cash deposit towards the purchase price.down payment30s
- Q12something of value applied towards the down payment of a new purchase.trade-in30s
- Q13a loan for which a maximum amount is established and approved in advance.pre-approved loan30s
- Q14paying off an old loan by taking out a new loan, usually with better terms.refinancing30s
- Q15the highest price a property will bring on the open market.market value30s