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Real Estate Trivia
Welcome > Resources > Trivia ...

Enjoy! 

We've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun... 


Q 

Where will you find the world's largest indoor waterfall?

A  The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble.

Q 

What tropical haven is back in vogue, attracting celebrities like Cher, Madonna, and Sylvester Stallone, who have homes here?

A  Made up of 17 islands in Biscayne Bay, Miami Beach is the "American Riviera" and famous for its tropical beauty.

Q 

From 1974 to 1996, what was the world's tallest habitable building?

A  The Sears Towers, headquarters for Sears, Roebuck & Co., with 110 stories and 1,454 feet high.

Q 

Where would you go if you wished to stay in the world's most expensive hotel room?

A  The Imperial Suite at the President Wilson Hotel in Geneva, Switzerland, which can be reserved for $33,000 per night.

Q 

What is a "jumbo mortgage"?

A  The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates.

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Real Estate Tips
Titles >The Title Search

The people who do title searches have an extremely important job. They must ensure that the sellers really own the property being sold and that all liens against the property are being paid off as a result of the sale.

If the seller has had financial difficulties, for instance, and didn't pay his bills, there may be judgments that must be satisfied on or before the closing. Someone in addition to the party who signed the sales agreement may have an interest in the property. If so, it will be necessary for that person to sign the sales agreement and the deed that transfers ownership to the new buyer. The preliminary title report will also show any easements that run with the property. The Title Company will go back many years, examining what is called the "chain of title". If you learn that the property you are buying has title problems, don't panic. Most of them are resolved easily and in plenty of time to avoid delays in the closing.

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Carmela, Jason and Jonathan Kaiser, REALTOR®, real estate agent and broker for Brookhaven Township, Smithtown Township and The North Shore, New York home listings, property and land for sale - NUMBER1EXPERT

Carmela, Jason and Jonathan Kaiser
Fortune Realty of LI

24 Arbor Ridge Lane
South Setauket, NY 11720
Carmela Kaiser : 631-379-1612
Jason Kaiser: 631-764-1422
Jonathan Kaiser: 631-235-2646
Fax: 631-846-1771
CarmelaKaiser@NUMBER1EXPERT.com
jonkaiser@fortunerealtyli.com

I’m Carmela Kaiser, Broker/Owner of Fortune Realty of L.I. I bring over twenty-five years experience in real estate including numerous awards and an impressive record as a top producer. I achieved this by following what I believe is basis of real estate sales: putting the needs of my clients first and foremost. As a result, about 85 - 90% of my business now comes from personal referrals and repeat business achieved by giving outstanding customer service, both during and after the transaction, and by always making my clients’ best interest my top priority. This is the foundation on which Fortune Realty of LI was founded. I work with a talented family team of agents, available to our clients seven days a week. With three full time employees, we address every aspect of your real estate transaction with three times the manpower and attention. With a combined thirty-five years experience in real estate and over 800 homes marketed and sold, our clients’ best interest is our top priority!

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