Chapter 11: Housing and Real Estate (Ramsey Classroom)
Assessment
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Vanessa A
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Other
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9th - 12th Grade
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109 plays
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Easy
Student preview
30 questions
Show answers
1.
Multiple Choice
To make living with a roommate more peaceful while you're saving money...
Communicate, be respectful, and be considerate
Require your roommate to pay a larger rent check than you do
Avoid talking to them in order to avoid conflict
Assume that your best friend will make a great roommate
2.
Multiple Choice
Your decision to rent or buy depends on your _________.
Financial situation
Income tax
Friends' opinions
Feelings towards renting or buying
3.
Multiple Choice
It is impossible to get a mortgage without a credit score.
True
False
4.
Multiple Choice
Renting is a great option for many people.
True
False
5.
Multiple Choice
When someone spends so much of their income on the costs of homeownership that they struggle to reach their other financial goals, they are _______.
Rent poor
Wise homeowners
House poor
Wealthy
6.
Multiple Choice
After you hire a real estate agent, the next step in the process is to _____________.
Make an offer on a home
Start looking at homes within your budget
Get a home inspection
Close on your new home
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