New Construction Real Estate: Terms & Timetables


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A potential home buyer consults a real estate professional about building a new home with four bedrooms, three bathrooms, and a study in Walkway Park. There is not a model home available for the buyer to view. The real estate associate should _____.

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1. A buyer is concerned about the costs of heating and cooling a large home. The real estate consultant should _____.

2. A buyer has stressed to the real estate professional that the most important feature of a home is that there is a place for his baby grand piano. The consultant should _____.

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About This Quiz & Worksheet

You'll be asked questions on real estate consultant roles with buyers of new construction homes, a construction phase and a term related to insulation. Use the quiz to see what you can recall about those topics, and get feedback you can apply to further study.

Quiz & Worksheet Goals

Reveal your knowledge of the following areas:

  • Real estate consultant role when a buyer has an important feature in mind
  • A term that indicates good insulation in a home
  • Action a real estate agent should take if a buyer wants to build a new home but no model home is available
  • The name of the phase in construction that comes last
  • Real estate consultant actions when a buyer is worried about costs associated with heating and cooling a large home

Skills Practiced

  • Information recall - access the knowledge you've gained regarding a term that indicates good insulation in the home
  • Knowledge application - use your knowledge to answer a question about the responsibility of a real estate agent when a buyer wants to build a new home but no model home is viewable
  • Interpreting information - verify that you can read information regarding the last phase in new real estate construction and interpret it correctly

Additional Learning

Before, during or after you've used the quiz and worksheet why not take a look at the accompanying lesson? New Construction Real Estate: Terms & Timetables can be used to learn more about these topics:

  • New construction terms including punch list, change order, and implied warranty
  • Sales tools that can be used by a real estate agent when selling a new construction
  • The average building time of a range of units by area in the US
  • Energy terms like the HERS index, U-factor and National Green Building Certificate