8270612
Pregunta 1
Pregunta
In most states, you must disclose any known defects of the house to potential buyers.
Respuesta
- True
- False
Pregunta 2
Pregunta
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?
Respuesta
-
none
-
100,000
-
200,000
-
250,000
Pregunta 3
Pregunta
Which home repairs produce the greatest return at sale?
Respuesta
-
Update bathroom
-
update kitchen
-
clean and declutter
-
paint exterior
Pregunta 4
Pregunta
If you sell your residence and lose money, you cannot write off those losses on your taxes.
Respuesta
- True
- False
Pregunta 5
Pregunta
When potential buyers and their agents come to see your house, it's best for you to:
Respuesta
-
stay
-
leave
Pregunta 6
Pregunta
Once you commit to a real estate agent, you have to keep him or her until you sell.
Respuesta
- True
- False
Pregunta 7
Pregunta
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?
Respuesta
- True
- False
Pregunta 8
Pregunta
Who typically pays a real estate agent's commission?
Respuesta
-
buyer's ageny
-
buyer
-
seller's agent
-
seller
Pregunta 9
Pregunta
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?
Respuesta
-
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.
Pregunta 10
Pregunta
Setting a fair price and refusing to bargain is the best pricing strategy.
Respuesta
- True
- False
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