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Sales Considerations for New Construction

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is an example of someone in the process of new home construction?

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1. What is a benefit of a model home?

2. What is one main characteristic of new construction custom homes?

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About This Quiz & Worksheet

Take this quiz or fill in the worksheet to discover areas you need to study further and any gaps in your real estate knowledge. Questions in this resource cover characteristics and benefits to various parties related to new construction.

Quiz & Worksheet Goals

You'll review the following topics:

  • A benefit of purchasing a new construction
  • Identifying someone in the process of new home construction from examples
  • A builder benefit when constructing spec homes
  • One benefit of a model home
  • A main characteristic of a new construction custom home

Skills Practiced

By answering the questions you can check these skills:

  • Making connections - use understanding of the concept of builder benefits and new home construction
  • Information recall - access the knowledge you've gained regarding new construction purchasing
  • Knowledge application - use your knowledge to answer questions about a benefit of a model home

Additional Learning

You can review this topic further with Sales Considerations for New Construction, the companion lesson to this worksheet. By reading the lesson you'll learn more about:

  • Advantages of new home construction
  • The definition of spec home
  • Cons of new construction
  • Developer responsibilities for new spec homes on raw undeveloped land
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