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Personal Finance Courses: Housing

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1.
It is possible to negotiate the rent on an apartment.
Choose wisely. There is only one correct answer.
True. Though not all landlords do, some are open to negotiating if it will help them rent a unit.
2.
Which of the following is more likely to have predictable housing expenses?
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A renter. Renters do not get hit with unexpected expenses, as owners sometimes do.
3.
Renters must pay condominium fees.
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False. Owners of condominium units must pay those fees, though they may factor them into any rent they charge to renters.
4.
Owning a home is _______.
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None of the above.It depends on many factors, such as location and the state of the housing market.
5.
An amount paid to secure a price agreement is called _______.
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Earnest money. To secure the agreed price, the buyer is expected to give earnest money to the seller to secure the agreement.