Semester Review: Question Preview (ID: 6410)

Below is a preview of the questions contained within the game titled SEMESTER REVIEW: Review For Semester Final Exam .To play games using this data set, follow the directions below. Good luck and have fun. Enjoy! [print these questions]

Play games to reveal the correct answers. Click here to play a game and get the answers.

Home ownership offers:
a) financial advantages
b) all of the above
c) stability
d) quality of life

The cost of home ownership is lowered through
a) utility costs
b) home maintenance
c) tax deductions
d) property insurance

Earnest money protects the
a) buyer
b) loan company
c) real estate agent
d) seller

When you apply for a mortgage, which of the following will be checked?
a) your references
b) all of these
c) your income
d) your credit history

To finance your purchase of a house, you must
a) have funds for the down payment and closing costs
b) all of these
c) select the type of mortgage you want
d) meet certain lending requirements

Real estate agents earn commissions that are usually
a) 3-5%
b) 15%
c) 10-12%
d) 5-7%

The amount of money you spend on housing depends on all of the following EXCEPT
a) expected future income and expenses
b) the importance you place on a home
c) the amount of money your friends spend on housing
d) the amount of money left after meeting nonhousehold expenses

Advantages of renting a home rather than buying include all EXCEPT
a) you build equity or ownership
b) you do not need a large amount for a down payment
c) it is generally easier to move if you are transferred
d) you do not need to go into debt

A fixed rate mortgage is a loan in which
a) monthly payments and interest rate remain the same throughout the term of the loan.
b) rates of interest are set or fixed by law.
c) the loan rate goes up automatically when interest rates rise
d) monthly payments are adjusted annually according to a fixed rate schedule

The deposit made when a buyer signs a purchase agreement to show the offer is serious
a) security deposit
b) equity
c) closing costs
d) earnest money

Play Games with the Questions above at
To play games using the questions from the data set above, visit and enter game ID number: 6410 in the upper right hand corner at or simply click on the link above this text.

Log In
| Sign Up / Register