Last week I posted THE REAL ESTATE QUIZ.

Thanks to everyone who participated.  I know you've been waiting with anticipation for the answers.

Here they are (correct answer in BOLD & UNDERLINED):

1.  What is the current minimum down payment on an FHA Mortgage?

     A.  20%

     B.  3.5%

     C.  5.0%

     D.  10%

2.  The Settlement Statement that details the buyer and seller's costs is also known as:

     A.  HUD-1

     B.  1099

     C.  W-9

     D.  Form 860

3.  In Virginia, a real estate agent can represent both a buyer and a seller in the same transaction.

     A.  TRUE

     B.  FALSE

4.  The First Time Homebuyer Tax Credit Expires on:

     A.  December 31, 2009

     B.  October 31, 2009

     C.  April 15, 2010

     D.  November 30, 2009

5.  Which of the following can be contingencies of the real estate contract?

     A.  Home Inspection

     B.  Appraisal

     C.  Financing

     D.  All of the Above

6.  Brian Block has appeared on this television show:

     A.  Neil Cavuto Show on Fox News

     B.  Designed to Sell on HGTV

     C.  The Early Show on CBS

     D.  Both A & C

7.  What is a short sale?

     A.  A fast sale made in just a few days

     B.  A sale where the proceeds do not pay off the mortgage in full

     C.  A nightmare

     D.  A home sale that is done without a real estate agent

8.  Brian Block has NOT attended this real estate conference in 2009:

     A.  Inman Real Estate Connect

     B.  RE/MAX Conference

     C.  Virginia Association of REALTORS Conference

     D.  National Association of REALTORS Mid-Year Conference

9.  Which Zip Code is NOT in Northern Virginia?

     A.  22304

     B.  22904

     C.  22201

     D.  22151

10.  Lead Based Paint Disclosures are required for homes built before:

     A.  1976

     B.  1982

     C.  1978

     D.  2001

How'd you do?