Chapter 11: Housing and Real Estate (Ramsey Classroom)

Chapter 11: Housing and Real Estate (Ramsey Classroom)

Assessment

Assessment

Created by

Vanessa A

Other

9th - 12th Grade

109 plays

Easy

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30 questions

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1.

Multiple Choice

30 sec

1 pt

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

30 sec

1 pt

Your decision to rent or buy depends on your _________.

Financial situation

Income tax

Friends' opinions

Feelings towards renting or buying

3.

Multiple Choice

30 sec

1 pt

It is impossible to get a mortgage without a credit score.

True

False

4.

Multiple Choice

30 sec

1 pt

Renting is a great option for many people.

True

False

5.

Multiple Choice

30 sec

1 pt

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

30 sec

1 pt

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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