Đề 8 – Đề thi, câu hỏi trắc nghiệm online Tiếng Anh ngành Bất động sản

1. What does 'escrow' mean in a real estate transaction?

A. A type of property survey

B. A neutral third party holding funds or documents

C. A government agency

D. A clause in a contract

2. What is the purpose of a 'Home Owners Association' (HOA)?

A. To provide insurance for homeowners

B. To enforce rules and regulations within a community

C. To provide financing for home purchases

D. To assess property taxes

3. What does 'ARM' stand for in mortgage terms?

A. Adjustable Rate Mortgage

B. Annual Revenue Multiplier

C. Appraised Real Market

D. Automated Refinance Method

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

A. A small, initial payment on a mortgage.

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

C. A payment that increases over time.

D. A payment made only when the property value increases.

5. What is 'title insurance' designed to protect against?

A. Damage from natural disasters

B. Defects in the property's title

C. Loss of personal property

D. Fluctuations in the real estate market

6. Which of the following is NOT typically included in closing costs?

A. Appraisal fees

B. Homeowner's insurance premiums

C. Moving expenses

D. Title insurance

7. What is 'due diligence' in the context of buying property?

A. Paying property taxes on time

B. Obtaining homeowner's insurance

C. Conducting a thorough investigation of the property

D. Negotiating the purchase price

8. Which of the following terms best describes the process of assessing the value of a property?

A. Amortization

B. Appraisal

C. Depreciation

D. Escrow

9. What is the role of a real estate 'broker'?

A. To inspect properties for defects

B. To provide legal advice

C. To act as an intermediary between buyers and sellers

D. To provide financing for properties

10. What is 'PMI' (Private Mortgage Insurance)?

A. Insurance that protects the lender if the borrower defaults

B. Insurance that protects the borrower from property damage

C. Insurance that covers closing costs

D. Insurance that guarantees a fixed interest rate

11. Which document transfers ownership of real property from the seller to the buyer?

A. Promissory Note

B. Mortgage

C. Deed

D. Lien

12. What is 'cap rate' (capitalization rate) used for in real estate?

A. To calculate property taxes

B. To determine the interest rate on a mortgage

C. To estimate the potential rate of return on an investment property

D. To assess the cost of renovations

13. What is a 'property management' company responsible for?

A. Providing legal advice to property owners

B. Managing the day-to-day operations of a property

C. Appraising property values

D. Financing real estate investments

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

A. A temporary structure on the property

B. An item of personal property

C. An item permanently attached to the property

D. A type of real estate contract

15. What is 'cap rate compression'?

A. An increase in property taxes.

B. A decrease in cap rates due to increased demand and higher property values.

C. A decrease in rental income.

D. An increase in operating expenses.

16. In real estate, what does 'ROI' stand for?

A. Rate of Investment

B. Return of Interest

C. Return on Investment

D. Real Option Income

17. What is 'eminent domain'?

A. The right of the government to take private property for public use

B. A type of real estate insurance

C. A clause in a real estate contract

D. A method of property valuation

18. What does 'zoning' refer to in real estate?

A. A type of property tax

B. Regulations governing land use and development

C. A system for rating property values

D. A type of homeowner's insurance

19. What is the difference between 'leasehold' and 'freehold' ownership?

A. Leasehold is ownership of the building, freehold is ownership of the land.

B. Leasehold is temporary ownership, freehold is permanent ownership.

C. Leasehold is for commercial properties, freehold is for residential properties.

D. There is no difference between them.

20. What is 'grandfathering' in real estate zoning?

A. A discount for senior citizens buying property

B. An exception that allows existing properties to continue operating under old rules

C. A type of tax incentive for developers

D. A requirement for new developments to match existing architecture

21. What is 'leverage' in real estate investing?

A. Using borrowed capital to increase potential returns

B. Reducing property taxes

C. Negotiating a lower purchase price

D. Increasing rental income

22. In commercial real estate, what is 'triple net lease' (NNN)?

A. A lease where the tenant pays only rent.

B. A lease where the tenant pays rent, property taxes, insurance, and maintenance.

C. A lease where the landlord pays all expenses.

D. A lease with a triple security deposit.

23. What is 'amortization' in the context of a mortgage?

A. The process of insuring a property

B. The gradual repayment of a loan over time

C. The initial down payment on a property

D. The process of assessing property value

24. What is a 'contingency' in a real estate contract?

A. A type of loan

B. A condition that must be met for the contract to be binding

C. A penalty for breaking the contract

D. A type of insurance

25. What is 'rent control'?

A. A type of insurance for renters.

B. Government regulation that limits the amount landlords can charge for rent.

C. A clause in a lease agreement.

D. A system for evaluating rental properties.

26. What is the meaning of 'curb appeal' in real estate?

A. The price of the property

B. The attractiveness of a property from the street

C. The size of the backyard

D. The number of bedrooms in the house

27. What is a '1031 exchange'?

A. A type of home improvement loan

B. A method for deferring capital gains taxes when selling an investment property

C. A government program for first-time homebuyers

D. A real estate appraisal technique

28. What is a 'lien' on a property?

A. A type of insurance policy

B. A legal claim against the property

C. A government tax

D. A type of mortgage

29. What does 'REIT' stand for in real estate?

A. Real Estate Investment Trust

B. Real Estate Income Tax

C. Residential Equity Investment Tool

D. Rental Estate Insurance Treaty

30. What does 'vacancy rate' indicate in the context of rental properties?

A. The percentage of properties that are newly constructed

B. The percentage of properties that are unoccupied

C. The percentage of properties that are sold each year

D. The percentage of properties that are undergoing renovations