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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 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 

Fewer than 2 percent of homeowners build this type of home:

A  Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu.

Q 

What is an encumbrance against a property, which may be voluntary or involuntary?

A  There are many different kinds of liens: a tax lien, a judgment lien, a mortgage lien, and a mechanic's lien.

Q 

What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?

A  Conventional mortgages are private sector transactions that are not insured or guaranteed by the government.

Q 

Where was the great land boom (1919) in which investors paid up to $25,000 for lots not yet dredged up from the ocean?

A  The great Florida land boom brought hundreds of investors to the state after Carl Fisher founded Miami Beach in 1919.

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Suzanne Burton, REALTOR®, real estate agent and broker for Harford County, Bel Air and Cecil County, Maryland home listings, property and land for sale

Suzanne Burton
RE/MAX American Dream

620 S. Main Street
Bel Air, MD 21014
410-420-7355
Fax: 410-879-4771
suzanneburton@NUMBER1EXPERT.com


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