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Real Estate Trivia

Welcome > Resources > Trivia ...

Enjoy!
 

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


Q 

What U.S. state is home to the world's richest woman?

A  Alice Walton, daughter of WalMart's founder and heiress to $16.5 billion, lives on a ranch in the state of Texas.

Q 

What was the longest distance a building has ever been moved?

A  Detroit's five-story Gem Theater, built in 1927, was moved 1,850 feet (5 blocks) to make way for two new sports stadiums.

Q 

Which city in the U.S. has the longest formal name, but the shortest abbreviated name?

A  El Pueblo de Nuestra Senora la Reina de los Angeles de la Porciuncula is the full name for Los Angeles, known as "LA".

Q 

What areas are known as the 'silk stocking' districts of this famous city?

A  In Central Park West, Fifth Avenue and Park Avenue in Manhattan, apartments go for $222,610 to $282,709 per room.

Q 

Who is considered the world's most renowned living architect?

A  I.M. Pei who retired in 1991; he earned this status after designing the glass pyramid entrance pavilion to the Louvre in Paris (1989).

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Real Estate Tips

Accepting An Offer >Negotiating Factors

Negotiations for the sale of a home can be affected by emotional factors. For example, it is easy to be offended by someone who is making an offer on your property. Even if the buyers love your house, they are trying to negotiate the best possible price and terms. They probably will not let you know how much they want your home until they have negotiated a purchase agreement.

Buyers almost never write offers that please the sellers entirely. Offers and counter offers may be traded back and forth over days or weeks. Terms of the sale will be discussed and deadlines will be set. When there is finally a meeting of the minds, both sides may feel relieved but exhausted by the process. One of a real estate agent's most important jobs is to act as the intermediary during such negotiations. With your agents knowledge of financing, negotiation procedures, and the tax laws affecting real estate sales, agents come up with creative solutions to the challenges that may arise.

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Real Estate Trivia

Q 
What information does nearly every state in America require the seller of a home to reveal to the buyer?

A 
Most states require disclosure of any existing problems or conditions that could affect the value of the house.
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Alicia and Chris Demarest, REALTOR®, real estate agent and broker for Springdale, Rogers and Bentonville, Arkansas home listings, property and land for sale - NUMBER1EXPERT

Alicia and Chris Demarest
Lindsey & Associates

1200 E. Joyce
Fayetteville
AR, 72703
Alicia: 479-236-0396
Chris: 479-236-0395
Fax: 479-527-8719
Text: 479-236-0395
Email: Chris@ChrisDemarest.com
Email: Alicia@AliciaDemarest.com

Chris & Alicia Demarest are top licensed Realtors in Northwest Arkansas. Their years of experience in customer service and construction have helped them develop a UNIQUE system for Real Estate service. If you are ready for a different approach to your Real Estate Needs contact them today.

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