I thought it might be fun to publish a quiz for this week's article. This quiz was printed from the REALTOR^® magazine. Don't peek at the answers at the end until after you have finished the quiz. Let's see how you do!

 
Who are today's buyers and sellers and what do they want when it comes to real estate?

Find out just how well you know customers with this interactive quiz, which covers highlights from the 2008 Profile of Home Buyers and Sellers published by the National Association of REALTORS^®. The NAR study collected responses from more than 10,000 consumers who recently purchased a home.

1.	What is the primary reason buyers give for purchasing a home?
	a. Desire to own a home b. Job relocation c. Desire for a larger home d. Affordability of homes
2.	What do buyers look for the most in finding the right neighborhood?
	a. Convenience to job b. Affordability of homes c. Quality of the school district d. Quality of the neighborhood
3.	What do home buyers cite most commonly as a benefit that real estate agents offer them during the purchase of a home?
	a. Pointed out unnoticed faults with the property b. Negotiated better sales contract terms c. Helped understand the process d. Shortened the home search
4.	What is the most common incentive that sellers report using to try to lure buyers?
	a. Closing cost assistance b. Home warranty c. Credit toward repairs d. None
5.	What age range represents the largest segment of home buyers?
	a. 18-24 b. 25-34 c. 35-44 d. 45-54
6 .	What's the biggest compromise reported when purchasing a home?
	a. Size of home b. Price of home c. Distance from job d. Style of home
7 .	What's the first step that buyers most often take in the home-buying process?
	a. Contacting a real estate agent b. Visiting homes for sale c. Searching for properties online d. Getting pre-approved for a mortgage
8 .	What do buyers particularly value when visiting a real estate Web site?
	a. Virtual tours b. Photos c. Detailed information about listings d. Interactive maps
9.	What type of mortgage is most popular among first-time and repeat buyers?
	a. Adjustable rate mortgages b. Subprime loans c. Fixed-rate mortgages d. Didn't need a mortgage
10.	What was the primary reason given for selling a previous home?
	a. House is too small b. Can't afford the mortgage c. Neighborhood less desirable d. Job relocation

 
Answers:

1. a
2. d
3. c
4. d
5. b
6. b
7. c
8. b
9. c
10. d

See you next week.

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