Do You Know Your Real Estate Investing Terms?
59 Replies
Hilary Catton
Real Estate Agent from Evergreen, CO
posted almost 4 years ago
You have spoken, and we have brought you another quiz :) - we hope you have just as much fun with this one!
Take our QUIZ written by David Greene and see if you know real estate as well as you think you do! (Remember, this is meant to be fun!!!!!!!! - so try not to take it "so" seriously :) )
If you would like to read more about David and his REI knowledge - please visit his blog page - as he is also a writer on our BiggerPockets Blog!
Have fun!
Lucas Hammer
from Chicago, Illinois
replied almost 4 years ago
Man, 11/12. That last one was worded just to be tricky I think. Also, I guessed at the Bigger Pockets name, but I figured that made sense. Keep the quizzes coming!
Melissa Gregg
Real Estate Agent from Rochester, Minnesota
replied almost 4 years ago
That was fun! Thanks for making me feel good about my knowledge this morning.
Jay Hinrichs
Real Estate Broker from Lake Oswego OR Summerlin, NV
replied almost 4 years ago
while 100% on this test was quite simple.. the first question about prime rate the answers given NONE of them were correct who ever made these questions missed that one.
Ben Leybovich
Rental Property Investor from Chandler/Lima, Arizona/OH
replied almost 4 years ago
The question about Prime rate doesn't have right answer. Can't you guys have Brandon look at this stuff before it goes out, or is he too busy growing a beard...lol
This is kinda funny, if you think about it - on BP, multiple choice without the right answer :)
@Darren Sager - you take this quiz yet ?
Sonia Spangenberg
from Manassas, VA
replied almost 4 years ago
That was fun.
Brendon Grover
Real Estate Agent from PA
replied almost 4 years ago
It looks like I did learn a couple things after researching and being active in learning the past month or so! 7/11 is not where I want to be but its better than where I was! More to go!
Michelle Stewart
Real Estate Agent from Plano, Texas
replied almost 4 years ago
missed 1 but probably because I just took 6 TREC courses- ha
Michael Klein
Flipper from Gainesville, FL
replied almost 4 years ago
Enjoyed very much. Thank you. I messed up on the blanket loan question. It was a good review.
Scott Hamilton
Investor from Marysville, Ohio
replied almost 4 years ago
This newbie managed to eek out 10 correct responses....just had the blanket flipped :)
Fun quiz, thx for the BP learning challenge.
Scott F.
Rental Property Investor from Grand Rapids, MI
replied almost 4 years ago
@Hilary Catton I love these tests, thanks!
Jordan Butz
from Huntsville, Alabama
replied almost 4 years ago
That made me feel a lot better about myself!
Mathew Weissman
from Parsippany, New Jersey
replied almost 4 years ago
36% have a lot of learning to do!
Jim Murray
Investor from Lincoln, RI
replied almost 4 years ago
Scored a 12/12. Great questions!
Dallas Trufyn
Flipper from Edmonton, Alberta
replied almost 4 years ago
It was a good review. I love quizzes, keep them coming!
Gregory Larson
from Park Ridge, IL
replied almost 4 years ago
Mason Lopez
from San Angelo, Texas
replied almost 4 years ago
81%!! Really enjoyed this. For a bit I thought my mind wasn't absorbing what I've been reading and listening to. Turns out, I was wrong :)
Manfred Spencer
from Houston, Texas
replied almost 4 years ago
I have more learning to do...
Shane O'Connor
Investor from Virginia Beach , VA
replied almost 4 years ago
Well, you can't improve until you know where you're at - 45%...woof...but now that I know, time to get after it!! Thanks for putting this together!!
Franklin Romine
from Visalia-Fresno, California
replied almost 4 years ago
I got 45%.
Whats that saying...A students work for C students?
Chris Martin
Investor from Willow Spring, NC
replied almost 4 years ago
I think the goal here is to answer the way most people answer. So 'HELOC for rental property' questions are ok. They don't exist, but most people believe they do, so that's ok. 'Listed Foreclosure' would fly too... although that doesn't exist (it's an REO that's listed...)
Reminds me of a quiz question on a NC broker's class exam. The question was (paraphrased) 'what is the tax stamp on a property that sold for $50,000?' One of the answers was $0. Another was $100. I answered $0, since that was the amount paid on the last 6 properties my company bought. That answer, BTW, was WRONG. The answer is $100 AND $0. I was buying REOs from a GSE and they are taxed at $0. That's the RIGHT answer. But "normal" brokers will say $1 per $500... so $100 is the RIGHT answer. LOL!!!
Bryan Hancock
Investor from Round Rock, Texas
replied almost 4 years ago
I scored 100% and shared it on Facebook for you BP folks.
Note the question about IRR should really have the following as the correct answer:
-IRR stands for "I rationalize risk" or "inflated rate of return" ;-)
Jason Smith
Flipper/Rehabber from Kalamazoo, Michigan
replied almost 4 years ago
@Jay Hinrichs I am assuming they were targeting the RE investment small time investor/homeowner. I would agree that the question would spark debate with Wall Street traders. Just my humble opinion
Thokozani Mpanza
from Durban, KwaZulu-Natal
replied almost 4 years ago
79% not bad i just need to learn more!
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