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Real Estate Trivia
Welcome > Resources > Trivia ...

Enjoy! 

We've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun... 


Q 

What document must lenders provide within three days of receiving your application for financing?

A  The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan.

Q 

What does "contingency" mean in real estate?

A  A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."

Q 

Where is the world's largest mud building?

A  The Grand Mosque in west Africa measures 328 feet long and 131 feet wide, and has been carefully maintained for centuries by local craftsmen, especially during the rainy season.

Q 

What 45,000 sq.ft. home on 5-acres on Lake Washington is described as an 'adventurous house' by its owner?

A  The home of Microsoft's Bill Gates ($40+ million) has a wall of 24 video monitors featuring art and film and a 60-foot pool.

Q 

Which law allows a person to give another individual up to $10,000 a year without any tax consequences?

A  The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year.

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ERA North Point Team, REALTOR®, real estate agent and broker for Plano, Frisco, Allen and McKinney, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

ERA North Point Team
ERA North Point Realty

3829 W. Spring Creek Pkwy, Suite 106
Plano, TX 75023
972-265-5151
Fax: 214-556-1187
normawall@NUMBER1EXPERT.com

Norma takes pride in exercising the highest professional ethics, and always puts her clients' interests first. She will give you remarkable service! Her professional designations include: CRS, GRI, ABR. As one of the top realtors in Dallas, call or email Norma today!


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