Đề 7 – Đề thi, câu hỏi trắc nghiệm online Tiếng Anh ngành Bất động sản

1. What is a 'balloon payment' in a mortgage?

A. A very small payment at the beginning of the loan term.

B. A large, lump-sum payment due at the end of the loan term.

C. A payment that increases gradually over time.

D. A payment made only when the borrower's income increases.

2. What is 'escrow instructions'?

A. The instructions that outline the responsibilities of the buyer.

B. The instructions that outline the responsibilities of escrow officer during the transaction.

C. The instructions that outline the responsibilities of the seller.

D. The instructions that outline the responsibilities of the lender.

3. Which term refers to the decrease in value of an asset over time?

A. Appreciation

B. Depreciation

C. Amortization

D. Inflation

4. What does 'CF' stand for in real estate investment analysis?

A. Capital Funding

B. Cash Flow

C. Construction Financing

D. Certificate of Foreclosure

5. What is 'real property'?

A. Movable possessions.

B. Land and anything permanently affixed to it.

C. Stocks and bonds.

D. Intellectual property.

6. What does 'cap rate' (capitalization rate) measure in real estate?

A. The annual cost of property insurance.

B. The rate of return on a real estate investment based on its income.

C. The interest rate on a mortgage loan.

D. The percentage of a property's value that can be depreciated each year.

7. What is 'eminent domain'?

A. The right of the government to take private property for public use, with just compensation.

B. The process of appealing a property tax assessment.

C. A type of real estate investment strategy.

D. A legal dispute between property owners.

8. What is 'HOA'?

A. Home Owners Association

B. Housing Opportunity Agency

C. Home Ownership Assistance

D. Homeless Outreach Alliance

9. What is 'appreciation' in real estate?

A. The decrease in a property's value over time.

B. An increase in a property's value over time.

C. The cost of maintaining a property.

D. A tax on property ownership.

10. In real estate, what does 'title insurance' protect against?

A. Damage to the property from natural disasters.

B. Financial loss due to defects in the property's title.

C. Loss of rental income due to tenant vacancy.

D. Liability for injuries occurring on the property.

11. What is a 'short sale'?

A. Selling a property for more than its market value.

B. Selling a property for less than the outstanding mortgage balance, with the lender's approval.

C. Selling a property quickly to avoid foreclosure.

D. Selling a property without involving a real estate agent.

12. What is a 'real estate appraisal'?

A. A legal document transferring property ownership.

B. An estimate of a property's market value by a qualified professional.

C. A government tax on property sales.

D. A type of mortgage loan.

13. What is 'leverage' in real estate investment?

A. Using borrowed capital to increase the potential return on an investment.

B. Avoiding property taxes through legal means.

C. Negotiating a lower price for a property.

D. Increasing the rental income of a property.

14. Which of the following best describes 'due diligence' in real estate transactions?

A. The legal process of transferring property ownership.

B. A thorough investigation of a property and the associated risks before purchase.

C. The initial offer made by a buyer to a seller.

D. The final inspection of a property before closing.

15. What is the meaning of 'Joint Tenancy'?

A. Ownership by one person only.

B. Equal ownership by two or more people with rights of survivorship.

C. Ownership divided according to percentage.

D. Ownership with no defined shares.

16. What does 'ROI' stand for in real estate investment?

A. Rate of Insurance

B. Return on Investment

C. Real Opportunity Index

D. Residential Occupancy Income

17. What is a 'quitclaim deed'?

A. A deed that provides the strongest guarantee of title.

B. A deed that transfers ownership without any guarantees about the title's validity.

C. A deed used to transfer property to a family member.

D. A deed used in foreclosure proceedings.

18. In real estate, what does 'escrow' refer to?

A. A type of mortgage insurance.

B. A neutral third party that holds funds or documents until specific conditions are met.

C. A government agency regulating property taxes.

D. The process of evaluating a property's market value.

19. What does 'REIT' stand for?

A. Real Estate Investment Trust

B. Real Estate Interest Tax

C. Rental Equity Income Transfer

D. Residential Estate Investment Total

20. What is a 'fixture' in real estate terminology?

A. A temporary structure on a property.

B. An item of personal property that is permanently attached to the real estate.

C. A type of real estate investment trust.

D. A government regulation regarding property zoning.

21. What is a 'right of way'?

A. The legal right to travel across another person's property.

B. The right to build on any property.

C. The right to sell property without restriction.

D. The right to avoid paying property taxes.

22. What does 'amortization' mean in the context of a mortgage?

A. The process of increasing the interest rate on a loan.

B. The gradual repayment of a loan principal over a specified period.

C. The cost of insuring a mortgage.

D. The process of selling a property quickly for less than its market value.

23. What is 'zoning' in real estate?

A. A type of property insurance.

B. Government regulations that control land use and development.

C. A method of calculating property taxes.

D. The process of estimating a property's market value.

24. What is 'personal property'?

A. Land and buildings.

B. Movable possessions not permanently affixed to real property.

C. Mineral rights.

D. Easements.

25. What is a 'leasehold' estate?

A. Ownership of a property for an unlimited duration.

B. The right to use a property for a specified period, as defined in a lease agreement.

C. A type of property insurance policy.

D. A government program for affordable housing.

26. What is a 'lien' in the context of real estate?

A. A type of property insurance.

B. A legal claim against a property as security for a debt or obligation.

C. A government tax on property sales.

D. An agreement between a landlord and a tenant.

27. What is 'PMI'?

A. Property Management Income

B. Private Mortgage Insurance

C. Public Market Investment

D. Portfolio Management Index

28. What is 'Tenancy in Common'?

A. Ownership only by married couples.

B. Ownership by two or more people without rights of survivorship.

C. Ownership where one person rents from another.

D. Temporary ownership during a lease.

29. What is a '1031 exchange'?

A. A method for avoiding property taxes altogether.

B. A tax-deferred exchange of like-kind properties.

C. A government program for subsidizing first-time homebuyers.

D. A type of mortgage refinancing.

30. What is a 'mortgage contingency' in a real estate contract?

A. A clause that allows the buyer to terminate the contract if they cannot obtain financing.

B. A requirement for the seller to provide a warranty on the property.

C. A provision that protects the seller from liability for undisclosed property defects.

D. A clause that automatically increases the purchase price if interest rates rise.