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Real estate - Quiz
Contributed by: Knott
  • 1. What may residential real estate contain?
A) Only commercial businesses
B) Industrial factories exclusively
C) Single-family or multifamily structures
D) Agricultural farmlands only
  • 2. What purpose must residential real estate be available for?
A) Retail commercial sales
B) Industrial manufacturing
C) Large-scale farming
D) Occupation or non-business purposes
  • 3. How can residences be classified regarding neighbouring residences and land?
A) By the age of the owner
B) By their market value
C) By how they are connected
D) By the color of the paint
  • 4. What percentage of homes in the U.S. were owned by the occupier in 2021 according to the Congressional Research Service?
A) 75%
B) 65%
C) 50%
D) 85%
  • 5. What is an apartment called in British English?
A) Flat
B) Condo
C) Townhouse
D) Bungalow
  • 6. How are the boundaries of an apartment generally defined?
A) By public pathways
B) By a perimeter of locked or lockable doors
C) By shared fences
D) By an open garden perimeter
  • 7. What is a multi-family house often seen as?
A) A floating home on the water
B) Multi-story detached buildings where each floor is a separate unit
C) A single continuous row of shared walls
D) A movable home on wheels
  • 8. What are terraced houses also known as?
A) Bungalow or cottage
B) Townhouse or rowhouse
C) Mansion or villa
D) Duplex or semi-detached
  • 9. What defines a terraced house?
A) Buildings in a continuous row with shared walls and no intervening space
B) Floating homes tied to a dock
C) Totally detached structures with large yards
D) Temporary structures made of fabric
  • 10. What is the British equivalent of a condominium?
A) A council estate
B) A terraced house
C) A detached cottage
D) A block of flats
  • 11. In a condominium, who owns the common grounds and common areas?
A) Owned by a single external corporate entity
B) Owned exclusively by the government
C) Owned and shared jointly by individuals
D) Owned by the local municipality
  • 12. What is another name for a housing cooperative?
A) Co-op
B) Tenement
C) Duplex
D) Condo
  • 13. In a housing cooperative, what do residents own?
A) The land deed directly in their own name
B) The shared entrance stairways
C) Only the interior furniture
D) Shares in the cooperative corporation that owns the property
  • 14. In which country's metro cities is most housing of the cooperative type?
A) India
B) Canada
C) United Kingdom
D) United States
  • 15. What is a tenement?
A) A movable vehicle used for full-time living
B) A building shared by multiple dwellings with flats on each floor and shared entrance stairway access in Britain
C) A standalone suburban mansion with vast acreage
D) A temporary fabric structure for camping
  • 16. How many units share a wall in a duplex?
A) Four units sharing a central courtyard
B) Three units with two shared walls
C) Two units with one shared wall
D) A continuous row of multiple units
  • 17. Which of the following is classified as a detached dwelling?
A) Bungalows
B) Apartments
C) Terraced houses
D) Duplexes
  • 18. Which of the following is an example of a detached dwelling?
A) Split-level home
B) Tenement
C) Townhouse
D) Flat
  • 19. Are mansions classified as detached or attached dwellings?
A) Temporary dwellings
B) Portable dwellings
C) Detached dwellings
D) Attached dwellings
  • 20. Are villas classified as detached dwellings?
A) No, they are semi-detached
B) Yes
C) No, they are portable
D) No, they are multi-unit co-ops
  • 21. What is a detached house also known as?
A) Single-family detached house
B) Block of flats
C) Housing cooperative
D) Rowhouse
  • 22. What is a mobile home, tiny home, or residential caravan considered?
A) An attached multi-unit dwelling
B) A semi-detached dwelling
C) A permanent tenement
D) A portable dwelling
  • 23. What defines a mobile home or residential caravan?
A) A permanent stone foundation structure
B) A floating home on water
C) A multi-story apartment building
D) A full-time residence that can be movable on wheels
  • 24. What is a houseboat?
A) A floating home
B) A home on wheels
C) A subterranean dwelling
D) A home made of fabric
  • 25. What are the roof and walls of tents usually made of?
A) Wood and glass
B) Fabric-like material
C) Concrete blocks
D) Brick and mortar
  • 26. Are tents usually permanent or temporary?
A) Temporary
B) Semi-permanent multi-story
C) Permanent
D) Fixed foundation structures
  • 27. Which of the following is listed under 'Other categories'?
A) Chawls
B) Duplexes
C) Townhouses
D) Condominiums
  • 28. Which category does a haveli belong to in the text?
A) Portable dwellings
B) Attached dwellings
C) Semi-detached dwellings
D) Other categories
  • 29. Which of the following is included in the other categories of housing?
A) Bungalows
B) Townhouses
C) Igloos
D) Apartments
  • 30. Are huts mentioned under housing categories?
A) No, they are not mentioned
B) Yes, under portable dwellings
C) Yes, under other categories
D) Yes, under semi-detached dwellings
  • 31. How is the size of havelis and chawls measured?
A) Perches and roods only
B) Gaz, Quila, Marla, Beegha, and acre
C) Square feet, meters, and yards only
D) Hectares and kilometers exclusively
  • 32. Which unit of measurement is used for havelis and chawls?
A) Gallon
B) Marla
C) Pound
D) Bushel
  • 33. Which of these measurement units is listed for havelis and chawls?
A) Inch
B) Beegha
C) Pint
D) Furlong
  • 34. Is 'Gaz' used to measure the size of havelis and chawls?
A) No, it measures weight
B) No, it is a type of housing
C) Yes, in square yards
D) No, it measures liquid volume
  • 35. How is personal property defined in relation to land?
A) Classified as natural resources
B) Consisting of buildings and water
C) Permanently attached to the land
D) Not permanently attached to the land
  • 36. When and where did the profession of appraisal begin?
A) England during the 1500s
B) North America during the 1800s
C) Chicago during the 1900s
D) France during the 1750s
  • 37. What term was more commonly used in North America compared to surveying?
A) Brokering
B) Listing
C) Financing
D) Appraising
  • 38. Whose 1758 treatise conceptualized the idea of private property through natural law?
A) Fannie Mae
B) L. D. Olmsted
C) Roman lawmakers
D) Emerich de Vattel
  • 39. What was the name of the treaty signed in 1803 for the Louisiana Purchase?
A) Louisiana Purchase Treaty
B) National Housing Act
C) Civil Rights Act
D) Banking Act of 1933
  • 40. How much did the U.S. pay for the Louisiana Territory?
A) Fourteen million dollars
B) Four cents per total area
C) Fifty million dollars
D) Fifteen million dollars
  • 41. Approximately how much did each acre cost in the Louisiana Purchase?
A) 1 dollar
B) 4 cents
C) 15 cents
D) 50 cents
  • 42. What was the original name of the oldest real estate brokerage firm?
A) Federal Housing Administration
B) L. D. Olmsted & Co.
C) Baird & Warner
D) National Association of Realtors
  • 43. What is the current name of the oldest real estate brokerage firm?
A) Fannie Mae
B) National Association of Real Estate Boards
C) L. D. Olmsted & Co.
D) Baird & Warner
  • 44. When was the National Association of Realtors founded?
A) 1968
B) 1855
C) 1929
D) 1908
  • 45. When was the name of the National Association of Realtors changed to the National Association of Real Estate Boards?
A) 1938
B) 1908
C) 1916
D) 1999
  • 46. How much did real estate values depreciate in the four years after 1929?
A) 10%
B) 50%
C) 75%
D) 25%
  • 47. When was Fannie Mae established?
A) 1938
B) 1968
C) 1929
D) 1999
  • 48. What is another name for Title VIII of the Civil Rights Act in the U.S.?
A) The Law of Nations
B) The Banking Act
C) The National Housing Act
D) The Fair Housing Act
  • 49. When was the Fair Housing Act put into place?
A) 1968
B) 1934
C) 1999
D) 1803
  • 50. When did internet real estate as a concept begin?
A) 1968
B) 1855
C) 1908
D) 1999
  • 51. Where did the first real estate platforms appear in 1999?
A) Surveying textbooks in England
B) World Wide Web (www)
C) The Louisiana Purchase documents
D) Roman law treatises
  • 52. Which is typically less cyclical, real estate investing or real estate development?
A) Luxury real estate purchasing
B) Real estate investing
C) Real estate development
D) Flipping properties
  • 53. According to hedonic regression, how does real estate value tend to change with age?
A) Remain constant
B) Appreciate
C) Fluctuate randomly
D) Depreciate
  • 54. What can cause extreme health and safety risks in real estate?
A) Flipping properties
B) Hedonic regression
C) Environmental degradation
D) Core financial investments
  • 55. What assessment is seeing a growing demand when valuing private and commercial real estate?
A) Site assessments (ESAs)
B) Arbitrage assessments
C) Hedonic regression analysis
D) Core risk evaluations
  • 56. Since when has the concept of green development grown?
A) The 1950s
B) The 1970s
C) The 2000s
D) The 1980s
  • 57. How many areas of focus are there in green development?
A) 5
B) 3
C) 2
D) 4
  • 58. According to the International Energy Agency, what percentage of total worldwide emissions was real estate responsible for in 2019?
A) 11 percent
B) 39 percent
C) 50 percent
D) 25 percent
  • 59. What percentage of total worldwide emissions in 2019 was due to the manufacturing of building materials?
A) 50 percent
B) 5 percent
C) 11 percent
D) 39 percent
  • 60. What is a real estate professional called in North America?
A) Real estate agent
B) Makler
C) Developer
D) Estate agent
  • 61. What is a real estate professional called in the United Kingdom?
A) Surveyor
B) Estate agent
C) Makler
D) Real estate agent
  • 62. What is a real estate professional called in Germany and Austria?
A) Makler
B) Builder
C) Real estate agent
D) Estate agent
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