Đề 13 – Bài tập, đề thi trắc nghiệm online Tiếng Anh ngành Bất động sản

1. What is `HOA′ in the context of property ownership?

A. Homeowner′s Appraisal

B. Homeowner′s Association

C. Housing Opportunity Act

D. Homeowner′s Obligation Agreement

2. What is a `lease agreement′?

A. A document transferring property ownership.

B. A contract granting temporary use of property in exchange for rent.

C. A type of mortgage loan.

D. A building permit for renovations.

3. What does `title insurance′ protect against?

A. Damage to the property from natural disasters.

B. Financial loss from defects in the property′s title.

C. Liability for accidents on the property.

D. Loss of rental income due to vacancy.

4. What does `vacancy rate′ indicate in the rental market?

A. The rate of property tax increases.

B. The percentage of unoccupied rental units.

C. The average rental price in an area.

D. The rate of new construction permits issued.

5. What is `closing costs′ in a real estate transaction?

A. The price of the property itself.

B. Fees and expenses paid by the buyer and seller to finalize the real estate transaction.

C. The monthly mortgage payments.

D. The cost of renovations after purchasing the property.

6. What does `ROI′ stand for in real estate investment?

A. Rate of Insurance

B. Return on Investment

C. Real Option Income

D. Risk of Inflation

7. What is a `comparative market analysis′ (CMA)?

A. A legal document outlining property boundaries.

B. An estimate of a property′s value based on recent sales of similar properties.

C. A detailed inspection report of a property′s condition.

D. A financial forecast of rental income potential.

8. What is `equity′ in real estate?

A. The total amount of the mortgage loan.

B. The difference between the market value of a property and the outstanding mortgage balance.

C. The annual property tax amount.

D. The initial deposit made on a property.

9. Which term refers to the process of assessing a property′s market value?

A. Depreciation

B. Appraisal

C. Foreclosure

D. Zoning

10. Which of the following is NOT a common type of residential property?

A. Condominium

B. Townhouse

C. Industrial warehouse

D. Single-family home

11. Which document legally transfers property ownership from seller to buyer?

A. Promissory Note

B. Deed

C. Appraisal Report

D. Home Inspection Report

12. What does `amortization′ refer to in the context of real estate finance?

A. The process of increasing loan payments over time.

B. The reduction of loan debt over time by regular payments.

C. A type of penalty for early loan repayment.

D. The initial costs associated with obtaining a mortgage.

13. What is a `mortgage′ in the context of buying property?

A. A type of property insurance.

B. A loan secured by real estate.

C. A tax levied on property transactions.

D. A legal document transferring property ownership.

14. What does `foreclosure′ mean in real estate?

A. The process of renovating a property.

B. The legal process a lender uses to take ownership of a property when the borrower defaults on mortgage payments.

C. A type of insurance for unoccupied properties.

D. The annual property tax assessment.

15. Which term describes the legal right to cross or use someone else′s land for a specific purpose?

A. Encroachment

B. Easement

C. Eminent domain

D. Adverse possession

16. In real estate finance, what does `LTV′ stand for?

A. Loan-to-Value ratio

B. Land and Title Verification

C. Long-Term Variable rate

D. Legal Transfer of Value

17. What is `due diligence′ in real estate transactions?

A. The process of paying property taxes.

B. A thorough investigation of a property′s condition and legal status.

C. The negotiation phase of a sale.

D. The final signing of closing documents.

18. What is meant by `market value′ in real estate?

A. The price the seller hopes to get for the property.

B. The estimated price a willing buyer would pay and a willing seller would accept under normal market conditions.

C. The original price paid for the property.

D. The assessed value of the property for tax purposes.

19. What is the role of a `real estate agent′?

A. To provide legal advice on property transactions.

B. To represent buyers or sellers in real estate deals.

C. To assess the value of properties for tax purposes.

D. To manage property maintenance and repairs.

20. What is a `fixture′ in real estate?

A. A temporary decoration in a property.

B. An item of personal property.

C. An item of personal property that has become permanently attached to the real property.

D. A type of property insurance.

21. What is `zoning′ in real estate?

A. A type of home security system.

B. Local regulations dividing land for different uses.

C. The process of landscaping a property.

D. A method of calculating property taxes.

22. 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. The final walkthrough of a property.

D. The process of negotiating the sale price.

23. Which professional is primarily responsible for inspecting a property to identify potential issues for a buyer?

A. Real Estate Appraiser

B. Home Inspector

C. Real Estate Attorney

D. Mortgage Lender

24. What is `contingency′ in a real estate contract?

A. A clause in a contract that outlines conditions that must be met before the contract is binding.

B. A penalty for early termination of a contract.

C. A section of the contract detailing property disclosures.

D. A clause guaranteeing the property′s condition.

25. What is `yield′ in real estate investment?

A. The total cost of property maintenance.

B. The annual income return on an investment, usually expressed as a percentage of the property′s value or cost.

C. The depreciation rate of a property.

D. The anticipated future value of a property.

26. What is `property management′?

A. The process of buying and selling properties.

B. The overseeing of residential, commercial, or industrial real estate.

C. Government regulations on land use.

D. The valuation of properties for tax purposes.

27. Which of the following best defines `real property′?

A. Movable possessions like furniture.

B. Land and anything permanently attached to it.

C. Financial investments in the stock market.

D. Intellectual property rights.

28. What is `appreciation′ in real estate?

A. The decrease in property value over time.

B. The increase in property value over time.

C. The cost of property maintenance.

D. The initial down payment on a property.

29. In real estate, what is a `lien′?

A. A type of property insurance.

B. A legal claim against a property.

C. A government tax on property sales.

D. A discount offered to first-time homebuyers.

30. What is `capital gain′ in real estate investment?

A. The initial cost of purchasing a property.

B. The profit earned from selling a property for more than its purchase price.

C. The annual rental income from a property.

D. The expenses incurred in maintaining a property.