Real Estate Quiz


Test your home selling skills!

1. The Multiple Listing Service is...
a) A list of realtors in your area
b) A list of homes for sale in your area
c) A cross-referenced list of all home services available in your area
d) All of the above
2. How do you determine a listing price?
a) Using "comparable" sale prices of homes in your neighborhood
b) Finding out whether it's a buyer's or seller's market
c) Checking on the amount of time it has taken to sell homes similar to yours and in the same price range
d) All of the above
3. Is it better to list your home slightly above the expected sale price, slightly below expected sale price, or right at the expected sale price?
a) Slightly above sale price
b) Slightly below sale price
c) Right at sale price
d) None of the above
4. Which of the following should be done before showing your home?
a) Light lamps
b) Simmer a few drops of vanilla on the stove
c) Set the dining room or kitchen table
d) All of the above
5. How much should you spend to prepare your home for sale?
a) Enough to bring the house to "move in" condition
b) As little as possible
c) Cost of the cleaning service
d) Enough to fix it like new again
6. Is it better to find a new house before listing your old one for sale?
a) Yes
b) No
c) Depends on the market
d) Depends on interest rates
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