Personal Finance Courses: Housing

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
Tenants renting apartments are liable for _______.
Choose wisely. There is only one correct answer.
None of the above. Tenants do not pay any of these, though their landlords do pass some of the costs onto them indirectly through their rent.
2.
A person whose job it is to help people find an apartment to rent is called _______.
Choose wisely. There is only one correct answer.
A rental agent. Rental agents find apartments for people to rent.
3.
Why does having a cosigner on an apartment lease make a landlord more willing to rent to you than if you didn't?
Choose wisely. There is only one correct answer.
The cosigner is liable for the rent if you default on it. The cosigner is like an insurance policy on the rent.
4.
The current market value of your home, minus what you owe on it, is commonly known as your _________.
Choose wisely. There is only one correct answer.
Home equity. Your home equity is the difference between what you own (the current market value of your property) and what you owe on the property.
5.
Whom does title insurance protect?
Choose wisely. There is only one correct answer.
You and your lender. Title insurance protects you and your lender in case you discover afterward that someone else could lay claim to the house.