In most states, you must disclose any known defects of the house to potential buyers.
Responda
True
False
Questão 2
Questão
For single taxpayers, how much profit from a home sale is tax-free if you've lived in the home at least two years before selling?
Responda
none
100,000
200,000
250,000
Questão 3
Questão
Which home repairs produce the greatest return at sale?
Responda
Update bathroom
update kitchen
clean and declutter
paint exterior
Questão 4
Questão
If you sell your residence and lose money, you cannot write off those losses on your taxes.
Responda
True
False
Questão 5
Questão
When potential buyers and their agents come to see your house, it's best for you to:
Responda
stay
leave
Questão 6
Questão
Once you commit to a real estate agent, you have to keep him or her until you sell.
Responda
True
False
Questão 7
Questão
Your father bought his home in 1950 for $15,000. When he died, he left you the house, which is now worth $315,000. Do you have to pay taxes on the $300,000?
Responda
True
False
Questão 8
Questão
Who typically pays a real estate agent's commission?
Responda
buyer's ageny
buyer
seller's agent
seller
Questão 9
Questão
If you already own a home and are looking to move up, where can you get the money to cover a down payment and closing costs until your previous home sells?
Responda
You can borrow it from a home-equity line of credit secured by your current home.
you can borrow the money from your IRA.
you can borrow the money from your 401k.
all of the above.
Questão 10
Questão
Setting a fair price and refusing to bargain is the best pricing strategy.
Responda
True
False
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