Real Estate Trivia

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


Q 
In what real estate market are more than 90 percent of home sales cash transactions?

A  Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates.

Q 
What is the legal term used to describe the right of the U. S. government to condemn private land for public use?

A  Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property.

Q 
What are considered the ideal conditions for a seller's market?

A  In a seller's market, prices are firm and good houses are sold before advertised or as soon as they show up in the MLS.

Q 
What is the average age range of a second-home buyer in the United States?

A  Currently, second-home buyers in America are most often between 41 and 44 years of age.

Q 
What famous American monument is also the world's heaviest statue?

A  The Statue of Liberty, officially named "Liberty Enlightening the World", weighs 54.31 million pounds.

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