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Real Estate Sales Comparisons: Seller & Financing Concessions

Instructions:

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

question 1 of 3

A concession in real estate transactions, is usually given in the form of a _____

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1. Which is a reason a seller might offer a concession to a buyer to encourage them to purchase the home?

2. Concessions in real estate transactions may affect the property's _____.

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About This Quiz & Worksheet

Take a look at this resource to review what you know about seller and financing concessions. These quiz questions focus on different aspects of concessions and appraising a property.

Quiz & Worksheet Goals

With the help of this quiz you can measure your understanding of:

  • The group that determines the guidelines for property appraisals
  • Where in an appraisal report must a concession be reported
  • How concessions are usually given
  • What concessions in real estate property affect
  • A reason a seller might offer a concession to a buyer

Skills Practiced

Try using the quiz to practice:

  • Information recall - access the knowledge you've gained regarding how concessions are given
  • Making connections - use understanding of the concept of appraisal reports and concessions
  • Knowledge application - use your knowledge to answer questions about the affect of concessions in real estate property

Additional Learning

Review this topic by using Real Estate Sales Comparisons: Seller & Financing Concessions, the accompanying lesson to this quiz. By using this lesson you'll learn more about:

  • The definition of concession
  • Forms that must be filled in to state concessions
  • Examples of concessions that may be given on properties
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