Chp 12 Housing Decisions Review
Presentation
•
Other
•
9th - 12th Grade
•
Easy
Carly Jorgensen
Used 1+ times
FREE Resource
36 Slides • 23 Questions
1
2
3
4
5
6
7
8
Multiple Select
Which of the following are advantages of leasing?
(Select all that apply)
Someone else pays for repairs
Flexibility to move
No investment
Cheaper expenses
9
Multiple Choice
Which of the following is a disadvantage of renting a residence?
greater financial risk
less mobility
no investment benefits
less free time
10
11
12
13
Multiple Choice
A legal contract between the tenant and landlord outlining the rights and responsibilities of both parties.
mortgage
lease
down payment
value
14
Multiple Choice
The person who owns a property and rents it out to other people.
Tenant
Securer
Lease
Lessor/ Landlord
15
Multiple Choice
The person or party who rents a property.
Landlord
Lessee
Purchaser
Securer
16
17
18
Multiple Choice
An amount a renter pays to help protect the property owner against financial losses in case the renter damages the property or fails to pay rent is a(n) ___________.
Security Deposit
Down payment
Loan
Mortgage Insurance
19
20
21
22
23
Multiple Choice
This occurs when the tenant does not voluntarily move out after the landlord has given the notice to vacate the property.
Subleasing
Eviction
Oral agreement
Lease agreement
24
25
26
27
28
29
Multiple Choice
1/3
1/2
1/4
1/5
30
31
32
Multiple Choice
The difference between what one owes on a mortgage and the market value of the home is called
collateral
equity
profit
value
33
Multiple Choice
Which of the following is an advantage of home ownership?
greater financial risk
tax benefits
less mobility
less free time
34
35
36
37
38
Multiple Choice
What is the price a seller wishes to receive from the sale of the property called?
market value
asking price
selling price
assessed value
39
Multiple Choice
The ________________ is the price at which something can be bought or sold at a given point in time.
Market value
Selling price
Asking price
Assessed value
40
Multiple Choice
For most offers on property, there is usually some _____ between the buyer and seller.
tension
negotiation
animosity
manipulation
41
42
Multiple Choice
Contract between a homebuyer and a seller that includes a description of the real estate, its location, the purchase price, the possession date, and any other conditions and terms of the sale.
Contingency clause
Purchase agreement
Market value
Negotiations
43
44
Multiple Choice
Which of the following is an example of a common contingency clause in a purchase agreement?
Agreement depends on the seller’s willingness to lower the asking price.
Agreement depends on the buyer’s willingness to pay closing costs.
Agreement dependent upon the home inspection.
Agreement depends on the buyers not finding and buying another home.
45
46
Multiple Choice
To show that an offer to purchase a home is serious, the agent will require _____________.
a rental agreement
a handshake
earnest money
a security deposit
47
48
Multiple Choice
Type of secured loan used for buying property.
Credit card
Mortgage
Payday loan
Title loan
49
Multiple Choice
What is the purpose of mortgage preapproval?
Getting preapproved gives you access to money to be used for a down payment.
Getting preapproved shows a seller that you’re a serious homebuyer that can secure a
mortgage
Getting preapproved helps increase your credit score so that when you apply for a
mortgage you can get the best rates
Getting preapproved puts you first in line to buy a house if you choose to make an
offer
50
51
Multiple Choice
What are the four factors that dictate the amount of a monthly mortgage payment:
proterty taxes, homeowners insurance, closing costs and utilities
term of the loan, credit score, interest rate and home price
size of the mortgage, closing costs, interest rate, and term of the loan
size of the mortgage, down payment, interest rate, and term of the loan
52
53
Multiple Choice
When is private mortgage insurance (PMI) required?
When the loan’s monthly payment is more than 10% of the borrower’s monthly
income.
When the loan’s monthly payment is more than 25% of the borrower’s monthly
income.
If borrower has a down payment of less than 30% of the purchase price.
If borrower has a down payment of less than 20% of the purchase price.
54
55
Multiple Choice
A(n) __________________ is a written estimate of the value of the real estate.
closing costs
mortgage payment
homeowners insurance
appraisal
56
Multiple Choice
Fee or settlement charge that must be paid before the sale of a home is final.
closing costs
mortgage payment
rent
homeowners insurance
57
58
59
Multiple Choice
What is an escrow account?
Hold money in a trust for others, for things like property taxes and homeowners insurance.
Hold money you are saving for your down payment.
A mortgage that doesn't charge you interest.
A type of car loan.
Show answer
Auto Play
Slide 1 / 59
SLIDE
Similar Resources on Wayground
50 questions
Web Development Review
Presentation
•
9th - 12th Grade
56 questions
Basic Competencies 7
Presentation
•
KG - University
53 questions
Ch2 Engineering Presentation
Presentation
•
9th - 12th Grade
53 questions
U2C4S1 - Relationships and Respect
Presentation
•
9th - 12th Grade
51 questions
Credit Card Terms
Presentation
•
9th - 12th Grade
53 questions
iPad Basecamp 2025-2026
Presentation
•
9th - 12th Grade
53 questions
Bahan Makanan Nabati & Hewani
Presentation
•
10th - 12th Grade
55 questions
Logical Fallacies
Presentation
•
10th - 11th Grade
Popular Resources on Wayground
10 questions
Safety Day 2026 – Student Review
Quiz
•
9th Grade
21 questions
Continents and Oceans
Quiz
•
6th Grade
20 questions
Parts of Speech
Quiz
•
5th Grade
16 questions
Subject & Predicate
Quiz
•
5th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
12 questions
Map Skills
Quiz
•
3rd Grade
22 questions
Continents and Oceans
Quiz
•
5th Grade
15 questions
Rounding Decimals
Quiz
•
5th Grade
Discover more resources for Other
10 questions
Safety Day 2026 – Student Review
Quiz
•
9th Grade
20 questions
REGULAR Present tense verbs
Quiz
•
8th - 9th Grade
26 questions
SLIME!!!!!
Quiz
•
KG - 12th Grade
20 questions
Cell organelles and functions
Quiz
•
10th Grade
10 questions
Test Your Knowledge on Bullying
Quiz
•
9th Grade
12 questions
Absolute Value Equations
Quiz
•
9th Grade
20 questions
Position vs. Time Graphs
Quiz
•
9th Grade
20 questions
Function or Not a Function
Quiz
•
8th - 9th Grade