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Real Estate Trivia
Welcome > Resources > Trivia ...

Enjoy! 

I've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun... 


Q 

What economic factor can make the purchase of a home an excellent long-term investment?

A  Home price appreciation can result in a substantial return on the buyer's investment as a house increases in value over time.

Q 

What is a "smart home"?

A  A "smart home" is equipped with structured home wiring packages that control the home's systems via networked technologies.

Q 

What oceanfront area is currently the most popular choice among people searching for second homes and vacation homes?

A  According to statistic published early in 2005, the Florida coast is the most sought-after vacation and retirement destination in the United States.

Q 

In what real estate market are more than 90 percent of home sales cash transactions?

A  Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates.

Q 

What is the legal term used to describe the right of the U. S. government to condemn private land for public use?

A  Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property.

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Zil, REALTOR®, real estate agent and broker for Rockford, Loves Park and Roscoe, Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Zil Huma
RE/MAX Property Source

6940 Villagreen View
Rockford , IL 61107
815-985-0473
Fax: 815-231-8402
zilhuma@NUMBER1EXPERT.COM

How fast Can you say Sold!!!

ABR CRS Equal Housing MLS REALTOR


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