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