Real estate media site Zillow.com has posted a Buyer IQ Survey on their site to help buyers “make smarter home buying decisions,” and throughout the quiz, the correct answer is immediately given to explain appraisals, PMI, ownership and more to potential buyers, but most importantly, quiz takers get a score at the end!
Zillow says, “Before you start checking out home prices in your area or shopping mortgage rates, take this quiz to see if you have the basic know-how to navigate the home-buying process” and wishes quiz takers good luck. Average consumers were polled with these same Buyer IQ questions and it was discovered that consumers understand basics but don’t understand other basics, like at what point they actually own a home.
Click here to take the quiz and tell us in comments how well you did. Many of our readers are real estate practitioners, so hopefully we see mostly high scores!