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167+ Real Estate Trivia Questions Answered

Are you ready to test your knowledge of the real estate world?

Whether you’re a seasoned investor or just starting to explore the industry, understanding real estate’s ins and outs can be fun and informative.

In this blog post, we’ve compiled a comprehensive list of over 167+ real estate trivia questions and answers that cover a wide range of topics.

From famous properties and historical events to legal terms and industry jargon, these questions will challenge your expertise and help you learn something new.

Get ready to impress your friends, family, or colleagues with extensive real estate knowledge!

Let’s dive in and discover the fascinating world of real estate trivia.

Interesting Real Estate Trivia Questions & Answers to Know

What is the term for a property sold by the owner without the assistance of a real estate agent?
A: For Sale By Owner (FSBO)
What does the acronym “APR” stand for in real estate?
A: Annual Percentage Rate
What is the name of the legal document that proves ownership of a property?
A: Title deed
What is the term for evaluating a property’s value?
A: Appraisal
What does the acronym “DOM” mean in real estate?
A: Days on Market
What is the name for the type of ownership where multiple parties own a percentage of a property?A: Fractional ownership
What is the term for the amount of money a property seller receives after all expenses are paid?
A: Net proceeds
What does the acronym “CMO” mean in real estate investing?
A: Collateralized Mortgage Obligation
What is the name of the type of lease where the tenant pays a lower rent in exchange for taking on some of the maintenance responsibilities?
A: Triple net lease (NNN)
What is the term for dividing a property into multiple legally distinct units?
A: Subdivision
What does the acronym “CAP” mean in real estate investing?
A: Capitalization rate
What is the name of the type of real estate that generates income from agricultural activities?
A: Farm and ranch real estate
What is the term for the legal right to use a portion of a property owned by another party?
A: Easement
What does the acronym “ADR” mean in real estate?
A: Average Daily Rate
What is the name of the type of mortgage where the interest rate remains the same throughout the loan term?
A: Fixed-rate mortgage
What is the term for combining multiple properties into a legal entity?
A: Assemblage
What does the acronym “ARV” mean in real estate investing?
A: After Repair Value
What is the name for the type of ownership where an individual owns a unit within a larger complex?A: Condominium ownership
What is the term for the legal process of transferring a mortgage from one lender to another?
A: Mortgage assignment
What does the acronym “CRE” mean in real estate?
A: Commercial Real Estate
What is the name of the type of lease where the tenant pays a higher rent in exchange for the landlord taking on all maintenance responsibilities?
A: Full-service lease
What is the term for the process of determining the boundaries and measurements of a property?A: Land survey
What does the acronym “NOI” mean in real estate investing?
A: Net Operating Income
What is the name of the type of real estate that includes properties used for manufacturing and production?
A: Industrial real estate
What is the term for the legal agreement between a landlord and a tenant?
A: Lease Agreement
What does the acronym “AMO” mean in real estate?
A: Accredited Management Organization
What is the name of the type of mortgage where the interest rate can change over time?
A: Adjustable-rate mortgage (ARM)
What is the term for using rental income to pay a mortgage?
A: Rent-to-own
What does the acronym “TIC” stand for in real estate?
A: Tenancy in Common
What is the name for the type of ownership where a person owns a structure but not the land it sits on?
A: Ground lease
What is the term for the legal process of a lender seizing a property when the owner fails to make mortgage payments?
A: Foreclosure
What does the acronym “GRM” mean in real estate investing?
A: Gross Rent Multiplier
What is the name of the type of real estate that includes properties used for hotels and resorts?
A: Hospitality real estate
What is the term for the process of paying off a mortgage before the end of the loan term?
A: Prepayment
What does the acronym “MIP” mean in real estate?
A: Mortgage Insurance Premium
What is the name of the type of lease where the tenant pays a base rent plus a percentage of their sales?
A: Percentage lease
What is the term for the legal process of a tenant being removed from a property by court order?
A: Eviction
What does the acronym “IRR” mean in real estate investing?
A: Internal Rate of Return
What is the name of the type of real estate that includes properties used for medical and healthcare purposes?
A: Medical real estate
What is the term for a tenant taking over a lease from another tenant?
A: Lease assignment
What does the acronym “CoC” mean in real estate investing?
A: Cash-on-Cash return
What is the name for the type of ownership where a person owns a share of a property and has the right to use it for a specific period each year?
A: Timeshare ownership
What is the term for the legal process of a property being sold to satisfy a debt?
A: Deed in lieu of foreclosure
What does the acronym “ROI” mean in real estate investing?
A: Return on Investment
What is the name of the type of real estate that includes properties used for educational purposes?
A: Educational real estate
What is the term for the process of a landlord withholding a portion of a tenant’s security deposit?
A: Security deposit deduction
What does the acronym “CCRs” mean in real estate?
A: Covenants, Conditions, and Restrictions
What is the name of the type of lease where the tenant is responsible for all operating expenses?
A: Absolute net lease
What is the term for the legal process of a property owner voluntarily giving the property to a lender to avoid foreclosure?
A: Deed in lieu of foreclosure
What does the acronym “NPV” stand for in real estate investing?
A: Net Present Value
What is the name of the type of real estate that includes properties used for government purposes?A: Government real estate
What is the term for a tenant renewing a lease for an additional term?
A: Lease renewal
What does the acronym “LLC” mean in real estate investing?
A: Limited Liability Company
What is the name for the type of ownership where a person owns a property for a specific period before it reverts to the original owner?
A: Leasehold estate
What is the term for the legal process of a property being sold to satisfy unpaid taxes?
A: Tax lien foreclosure
What does the “DSCR” mean in real estate investing?
A: Debt Service Coverage Ratio
What is the name of the type of real estate that includes properties used for religious purposes?
A: Religious real estate
What is the term for the process of a landlord providing a tenant with written notice to vacate a property?
A: Notice to vacate
What does the acronym “PSF” mean in real estate?
A: Per Square Foot
What is the name of the type of lease where the tenant pays a base rent plus a share of the property’s operating expenses?
A: Modified gross lease
What is the term for the legal process of a property being transferred to the government for public use?
A: Condemnation
What does the acronym “LTV” mean in real estate investing?
A: Loan-to-value ratio
What is the name of the type of real estate that includes properties used for sports and entertainment purposes?
A: Sports and entertainment real estate
What is the term for the process of a landlord increasing rent at the end of a lease term?
A: Rent escalation
What does the acronym “QCD” mean in real estate?
A: Qualified Contract Date
What is the name for the type of ownership where a person owns a property jointly with another person?
A: Joint tenancy
What is the term for the legal process of a property being sold at auction to the highest bidder?
A: Sheriff’s sale
What does the acronym “RUBS” mean in real estate?
A: Ratio Utility Billing System
What is the name of the type of real estate that includes properties used for data storage and processing?
A: Data center real estate
What is the term for the process of a tenant subleasing a property to another tenant?
A: Subletting
What does the acronym “CPM” mean in real estate?
A: Certified Property Manager
What is the name for the type of ownership where a person owns a property for their lifetime?
A: Life estate
What is the term for the legal process of a property being sold to satisfy a court judgment?
A: Judicial foreclosure
What does the acronym “REIT” stand for in real estate investing?
A: Real Estate Investment Trust
What is the name of the type of real estate that includes properties used for self-storage purposes?
A: Self-storage real estate
What is the term for the process of a landlord returning a tenant’s security deposit?
A: Security deposit refund
What does the acronym “CCIMs” mean in real estate?
A: Certified Commercial Investment Members
What is the name of the type of lease where the tenant pays a base rent plus a share of the property’s property taxes and insurance?
A: Net lease
What is the legal process for a property owner granting another party the right to use their property for a specific purpose?
A: Licensing
What does the acronym “GLA” mean in real estate?
A: Gross Leasable Area
What is the name of the type of real estate that includes properties used for transportation purposes?
A: Transportation real estate
What is the term for a tenant improving a property and deducting the cost from their rent?
A: Rent concession
What does the acronym “LEED” mean in real estate?
A: Leadership in Energy and Environmental Design
What is the name for the type of ownership where a person owns a property as a member of a homeowners association?
A: Planned Unit Development (PUD)
What is the term for the legal process of a property being sold to satisfy a mechanic’s lien?
A: Mechanic’s lien foreclosure
What does the acronym “FSG” mean in real estate?
A: Full-Service Gross lease
What is the name for the type of real estate that includes properties used for mixed residential and commercial purposes?
A: Mixed-use real estate
What is the term for the process of a landlord offering a tenant free rent for a specific period?A: Rent abatement
What does the acronym “NNN” mean in real estate?
A: Triple Net lease
What is the name for the type of ownership where a person owns a property for a specific period before it is sold?
A: Fee simple determinable
What is the legal process for partitioning a property into separate ownership interests?
A: Partition
What does the acronym “CBD” mean in real estate?
A: Central Business District
What is the name of the type of real estate that includes properties used for research and development purposes?
A: Research and development real estate
What is the term for the process of a landlord allowing a tenant to terminate a lease early?
A: Lease termination
What does the acronym “CDD” mean in real estate?
A: Common Area Maintenance (CAM), Property Insurance, and Property Taxes
What is the name for the type of ownership where a person owns a property but allows another person to use it?
A: Usufruct
What is the term for the legal process of a property being sold to satisfy a tax lien?
A: Tax deed sale
What does the acronym “TI” stand for in real estate?
A: Tenant Improvements
What is the name of the type of real estate that includes properties used for senior living purposes?A: Senior housing real estate
What is the term for the process of a tenant paying rent late and incurring a penalty?
A: Late fee
What does the acronym “STNL” mean in real estate investing?
A: Single Tenant Net Lease
What is the name for the type of ownership where a person owns a property for a specific period before it reverts to a charity?
A: Charitable remainder trust
What is the term for the legal process of a property being sold to satisfy a judgment lien?
A: Judgment lien foreclosure
What does the acronym “SDC” mean in real estate?
A: Specific Development Charge
What is the name of the type of real estate that includes properties used for data center purposes?
A: Mission-critical real estate
What is the term for the process of a landlord providing a tenant with a rent credit for referring a new tenant?
A: Rent referral credit
What does the acronym “SNDA” mean in real estate?
A: Subordination, Non-Disturbance, and Attornment Agreement
What is the name for the type of ownership where a person owns a property as a beneficiary of a trust?
A: Trust ownership
What is the term for the legal process of a property being sold to satisfy unpaid homeowners association dues?
A: HOA foreclosure
What does the acronym “CAM” mean in real estate?
A: Common Area Maintenance
What is the name of the type of real estate that includes properties used for agricultural purposes?A: Agricultural real estate
What is the term for the process of a tenant paying a security deposit in installments?
A: Security deposit payment plan
What does the acronym “CRB” mean in real estate?
A: Certified Real Estate Brokerage Manager
What is the name for the type of ownership where a person owns a property jointly with their spouse?
A: Tenancy by the entirety
What is the term for the legal process of a property being sold to satisfy a reverse mortgage?
A: Reverse mortgage foreclosure
What does the acronym “GO” mean in real estate?
A: Gross Output
What is the name of the type of real estate that includes properties used for manufacturing purposes?A: Manufacturing real estate
What is the term for the process of a landlord withholding a portion of a tenant’s rent for repairs or maintenance?
A: Rent withholding
What does the acronym “BOMA” mean in real estate?
A: Building Owners and Managers Association
What is the name for the type of ownership where a person owns a property for a specific period before it passes to their heirs?
A: Life estate pur autre vie
What is the term for the legal process of a property being sold to satisfy a second mortgage?
A: Second mortgage foreclosure
What does the acronym “ADA” mean in real estate?
A: Americans with Disabilities Act
What is the name of the type of real estate that includes properties used for timber production?
A: Timberland real estate
What is the term for the process of a tenant paying a higher rent in exchange for a landlord providing certain amenities or services?
A: Amenity rent
What does the acronym “BID” mean in real estate?
A: Business Improvement District
What is the name for the type of ownership where a person owns a property as a cooperative member?
A: Cooperative ownership
What is the term for the legal process of a property being sold to satisfy a bankruptcy court order?
A: Bankruptcy sale
What does the acronym “CCIM” mean in real estate?
A: Certified Commercial Investment Member
What is the name of the type of real estate that includes properties used for student housing purposes?
A: Student housing real estate
What is the term for the process of a landlord requiring a tenant to obtain renter’s insurance?
A: Renter’s insurance requirement
What does the acronym “CRE” mean in real estate?
A: Counselors of Real Estate
What is the name for the type of ownership where a person owns a property for a specific period before it passes to a charity?
A: Charitable lead trust
What is the term for the legal process of selling a property to satisfy a judgment against the owner?
A: Execution sale
What does the acronym “EGI” mean in real estate?
A: Effective Gross Income
What is the name of the type of real estate that includes properties used for oil and gas production?A: Oil and gas real estate
What is the term for the process of a landlord allowing a tenant to pay rent in a foreign currency?
A: Foreign currency rent
What does the acronym “FIRPTA” mean in real estate?
A: Foreign Investment in Real Property Tax Act
What is the name for the type of ownership where a person owns a property as a member of a community land trust?
A: Community land trust ownership
What is the term for the legal process of a property being sold to satisfy unpaid condominium fees?
A: Condominium lien foreclosure
What does the acronym “GRM” mean in real estate?
A: Gross Rent Multiplier
What is the name of the type of real estate that includes properties used for mining purposes?
A: Mining real estate
What is the term for the process of a tenant paying a lower rent in exchange for providing a service to the landlord?
A: Service exchange rent
What does the acronym “IREM” mean in real estate?
A: Institute of Real Estate Management
What is the name for the type of ownership where a person owns a property as a beneficiary of a will?A: Testamentary trust ownership
What is the term for the legal process of a property being sold to satisfy unpaid property taxes?
A: Tax foreclosure
What does the acronym “MITS” mean in real estate?A: Mortgage Interest Tax Statement
What is the name of the type of real estate that includes properties used for renewable energy production?
A: Renewable energy real estate
What is the term for the process of a landlord providing a tenant with a rent discount for signing a longer lease?
A: Lease term discount
What does the acronym “NOI” mean in real estate?
A: Net Operating Income
What is the name for the type of ownership where a person owns a property for a specific period before it reverts to the government?
A: Land grant
What is the term for the legal process of a property being sold to satisfy a tax deed?
A: Tax deed foreclosure
What does the acronym “RUBS” mean in real estate?
A: Ratio Utility Billing System
What is the name of the type of real estate that includes properties used for waste management purposes?
A: Waste management real estate
What is the term for the process of a landlord providing a tenant with a rent rebate for conserving utilities?
A: Utility conservation rebate
What does the acronym “SFR” mean in real estate?
A: Single Family Residence
What is the name for the type of ownership where a person owns a property as a member of a tenancy in common?
A: Tenancy in common ownership
What is the term for the legal process of a property being sold to satisfy a construction lien?A: Construction lien foreclosure
What does the acronym “TI” stand for in real estate?
A: Tenant Improvements
What is the name of the type of real estate that includes properties used for carbon sequestration purposes?
A: Carbon sequestration real estate
What is the term for the process of a tenant paying a higher rent for a property with a desirable location?
A: Location rent premium
What does the acronym “UPB” mean in real estate?
A: Unpaid Principal Balance
What is the name for the type of ownership where a person owns a property as a member of a real estate investment group?A: Real estate investment group ownership
What is the term for the legal process of a property being sold to satisfy a mechanics lien?
A: Mechanics lien foreclosure
What does the acronym “USPAP” mean in real estate?
A: Uniform Standards of Professional Appraisal Practice
What is the name of the type of real estate that includes properties used for water conservation purposes?
A: Water conservation real estate
What is the term for the process of a landlord providing a tenant with a rent discount for paying rent early?
A: Early payment discount
What does the acronym “VAT” stand for in real estate?A: Value Added Tax
What is the name for the type of ownership where a person owns a property as a member of a real estate syndicate?
A: Real estate syndicate ownership

Conclusion

Real estate trivia is an interesting way to explore the diverse and complex world of property ownership, transactions, and investments.

From understanding unique terminology and acronyms to learning about various legal processes and niche property types, these 168 questions have provided a comprehensive overview.

Whether you’re a seasoned real estate professional or simply curious about the industry, testing your knowledge with these trivia questions can be both entertaining and educational.

So, what’s next? Keep exploring, learning, and growing your understanding of real estate.

Challenge yourself with more trivia, and don’t hesitate to share your newfound knowledge with others in your circle.

James Edwards

James Edwards is a trivia enthusiast who has spent over 15 years curating challenging questions and hosting quiz nights. When he's not writing or devising quizzes, you can find James exploring new books or enjoying a classic film marathon. His expertise in trivia has made him a popular figure in the quiz community. He graduated with a degree in History from the University of California, Berkeley.