Real Estate Trivia

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Enjoy! 

We've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun... 


Q 

Lenders in 14 states--California, New York, Oregon, Utah, Vermont and Wisconsin and 9 others--have what in common?

A  Lender in these states must pay interest on funds held in escrow accounts.

Q 

What U.S. state is home to the world's richest woman?

A  Alice Walton, daughter of WalMart's founder and heiress to $16.5 billion, lives on a ranch in the state of Texas.

Q 

What was the longest distance a building has ever been moved?

A  Detroit's five-story Gem Theater, built in 1927, was moved 1,850 feet (5 blocks) to make way for two new sports stadiums.

Q 

Which city in the U.S. has the longest formal name, but the shortest abbreviated name?

A  El Pueblo de Nuestra Senora la Reina de los Angeles de la Porciuncula is the full name for Los Angeles, known as "LA".

Q 

What areas are known as the 'silk stocking' districts of this famous city?

A  In Central Park West, Fifth Avenue and Park Avenue in Manhattan, apartments go for $222,610 to $282,709 per room.

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Real Estate Tips

Agency >A Full Service Professional

Home sellers may be lured by the promises of agents that offer to list and sell your home for a discount commission. But consider the advantages of using a full service broker who will represent your best interests in the transaction without cutting corners.

A full service real estate broker will be informed about the current trends in your local market. He or she will share valuable information about the selling price of comparable properties, to help you determine a realistic price for your home. If your home needs repair prior to listing, a reputable local contractor will be recommended. Buyers will be pre-qualified and personally escorted through your home. After showing your house, your broker will give you feedback from buyers and agents, negotiate the price and terms of the purchase contract when an offer comes in, schedule the home inspection and coordinate the closing.

You may not receive adequate professional or personal attention if the agent feels they owe you less because you are paying them less. It is to your advantage to engage the full services of a real estate broker who will give 100 percent to guide you through the complex process of selling your home.

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Real Estate Trivia

Q 
What is arguably the world's strangest (and most dysfunctional) kitchen?

A 
In 1998 the Kemper Museum of Contemporary Art in Kansas City first displayed a kitchen made entirely of 40 million colored glass beads by artist Liza Lou of Topanga, California.
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