Imaginary Real Estate Quiz For St Cloud High Schoolers

Imaginary Real Estate Quiz For St Cloud High Schoolers

Even though the average adult homeowner spends about a quarter of his/her or their hard-earned income on real estate-related expenses, there’s no St. Cloud high school course that teaches real estate fundamentals. We may have all grown up accepting that fact, but when you think about it, it really is astonishing. Especially because most of us don’t discuss the very fundamental details of homeownership with our parents, either (at least not until we need a little help coming up with that first down payment).

If there were a high school class on real estate, I think a good first order of business would be establishing how relevant the subject matter is to everyday life in St. Cloud. Imagining what a snap real estate quiz might look like at the end of the first week, here are some possible questions. They’re multiple choice (to give the kids a chance!)—

1. Last year, how many homes were sold?

    a)1 million

    b)3 million

    c) 5 million

    d) 20 million

2. What fraction of homebuyers were first-time buyers?

    a) 1/10

    b) 1/4

    c)1/3

    d)1/2

3.Over half of today’s homebuyers first found their new homes via

    a) Newspaper and magazine ads

    b) Yard or open house sign

    c) The internet

    d) Real estate agents

4.Typical buyers prefer

    a)Neighborhood quality over size of the home

    b)Shorter commute time over a larger yard

    c) Both of the above

    d) None of the above

5. In the U.S., how long does it typically take for a home to sell?

    a) 10 days

    b) 15 days

    c) 3 weeks

    d) 2 months

6. Median sale price for a typical “For Sale by Owner” home vs. an agent-assisted sale:

    a) $180,000 vs. $120,000

    b) $200,000 vs. $250,000

    c) $190,00 vs. 249,000

    d) They sell for about the same price

ANSWERS: I’ll admit the last question is pro-real estate agent propaganda – but it’s accurate, so why not?  As you may have guessed, all the correct answers are c). For the answers to all your other St. Cloud real estate questions, just give me a call!



Five Locations To Serve You!!!

St. Cloud (320) 259-4554

Litchfield (320) 298-1140

Hutchinson (320) 455-9127

Maple Grove (763) 565-2000

Milaca (320) 983-3555


Image result for quiz


Noel Johnson Headshot
Author:
Phone: 320-980-3100
Dated: April 27th 2018
Views: 67
About Noel: Passion for investing in real estate brought me to create Premier Real Estate Services in 2002. Ten ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Surprise Credit Score Rise Affects Lucky St Cloud Homebuyers - It isn’t exactly Christmas-in
Sell Your St Cloud Home By Neutralizing The Nuances - It may sound paradoxical, but one
Open House Extravaganza - Open House Extravaganza This
Earthships Gain Gravity On Terra Firma - This Tuesday, the 2018 Earthship

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Premier Real Estate Services
550 25th Avenue North
St. Cloud, MN
320-537-1371


Other Locations