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Real Estate Practice Questions - 中英文解释
Real Estate Practice Questions
1. What does the term 'encumbrance' refer to in real estate?
Property tax
Ownership deed
Encumbrance (e.g., lien, easement)
Appraisal report
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2. Which deed provides the most protection to the buyer?
Quitclaim Deed
Grant Deed
General Warranty Deed
Special Warranty Deed
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3. What is 'earnest money' in a real estate transaction?
Final payment
Loan interest
Serious buyer deposit
Property tax
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4. Who is responsible for disclosing lead-based paint hazards?
Buyer
Escrow officer
Seller and listing agent
Home inspector
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5. Which approach is commonly used to appraise special-purpose properties?
Income Approach
Market Comparison
Cost Approach
Sales Analysis
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6. Which document transfers ownership of real property?
Mortgage
Lease
Deed
Title insurance
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7. What is the primary purpose of an appraisal?
To find property taxes
To determine loan interest
To estimate property value
To check ownership
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8. Who typically pays the commission to the real estate agents?
Buyer
Seller
Broker
Lender
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9. What is 'title insurance' used for?
Cover fire damage
Protect against ownership disputes
Pay property taxes
Ensure appraisal accuracy
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10. Which government entity records real estate documents?
IRS
County Recorder
FBI
State Police
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