Are you smarter than a realtor? game blog post image

Game: "Are You Smarter Than a REALTOR®?"

Objective: Test your basic knowledge of real estate concepts, local trivia, and critical thinking in a fun and educational format!

 

1. What does "Curb Appeal" mean?

2. What is a "mortgage"?

3. Which of the following is NOT a part of your home’s "structure"?

4. True or False: In real estate, the term "closing" refers to the final meeting where the property ownership is officially transferred to the new owner.

5. True or False: Real estate agents make money only when a home sells.

6. True or False: In Logan County, Ohio, the property value of a home is primarily determined by the size of the yard.

7. Which famous landmark in Bellefontaine, Ohio, is known as the "Highest Point in Ohio"?

8. Which of these Logan County communities is home to a popular summer destination, Indian Lake?

9. True or False: Logan County is known of its multiple scenic rural areas, farming and outdoor activities.

10. If a home is priced too high compared to similar homes in the area, what is likely to happen?

11. True or False: When buying a home, a REALTOR® is your best resource to understand the terms of a sale and will help negotiate on your behalf.

12. What is typically the first step in the home-buying process?


 

Answer Key:

  1. B) The first impression a house gives when viewed from the street

  2. B) A loan used to purchase a home

  3. D) Garden

  4. True

  5. True

  6. False. While the size of the yard can influence a home’s value, factors such as location, condition, and market trends play a bigger role in determining property value.

  7. C) Campbell Hill

  8. D) All of the Above

  9. True

  10. B) It will sit on the market longer and may need to be reduced in price

  11. True

  12. B) Getting pre-approved for a mortgage. It's important to get pre-approved for a mortgage before you start house hunting so you know your budget and can make strong offers when you find the right home.

Let us know how you rank. Here's a fun ranking scale with scores ranging from 0-12:

0-3 Correct: "Home Buyer in Training"
Looks like you’re just starting your journey into the world of real estate! Don’t worry, you’ve got the basics to learn, and you’re on your way to becoming a property pro!

4-6 Correct: "Rookie Agent"
You're doing better! You’ve got some good ideas about real estate, but a little more learning, and you’ll be closing deals like a REALTOR® in no time.

7-9 Correct: "Property Pro"
You’re getting the hang of it! You’re almost ready to take on the property world, but a few more key details could turn you into a real estate expert.

10-11 Correct: "Market Master"
Wow, you're close to being an expert! Your knowledge of real estate is impressive, and it shows that you’re well on your way to making informed decisions in the property market.

12/12 Correct: "REALTOR® Rockstar"
Congratulations, you’ve outsmarted the REALTOR®! You’ve got 100% knowledge of real estate, and you could probably give us a few tips! You’re ready for anything the property world throws your way!

Are You Smarter Than a REALTOR®?