Q 01/05

Which word for a property agent is a registered trademark in the United States, reserved for one trade body's members?

A) Broker

B) Realtor

C) Appraiser

D) Conveyancer

Answer · why

B) Realtor

Realtor was devised in 1916 by Charles Chadbourn of the Minneapolis Real Estate Board for members of the national association, which later registered ...

Q 02/05

A 1667 treaty left England Manhattan and the Dutch a tiny island prized for which spice?

A) Cinnamon

B) Black pepper

C) Nutmeg

D) Vanilla

Answer · why

C) Nutmeg

Nutmeg grew on Run, a speck in today's Indonesia that England had claimed since 1616; the treaty let each side keep what it held, so the Dutch kept Ru...

Q 03/05

Settlers who slipped into Oklahoma's free land before the 1889 land run officially began earned which nickname?

A) Sooners

B) Boomers

C) Jayhawkers

D) Forty-niners

Answer · why

A) Sooners

Sooners hid in brush and ravines, then popped up to stake claims as the run began; the insult, taken from the law's 'sooner clause', was later adopted...

Q 04/05

The standard American fixed-rate mortgage is scheduled to be paid off over how many years?

A) 5

B) 15

C) 30

D) 60

Answer · why

C) 30

30 years became the norm only after the New Deal: until the 1930s a typical home loan covered about half the price and fell due within three to five y...

Q 05/05

What is the term for money held by a neutral third party until the conditions of a sale are met?

A) Equity

B) Lien

C) Earnest

D) Escrow

Answer · why

D) Escrow

Escrow first meant a document, not money: the word comes from Old French escroe, a scrap of parchment, the signed deed that a third party held back un...