167+ Real Estate Trivia Questions Answered

Are you ready to test your knowledge of the real estate world?

Whether you’re a seasoned investor or just starting to explore the industry, understanding real estate’s ins and outs can be fun and informative.

In this blog post, we’ve compiled a comprehensive list of over 167+ real estate trivia questions and answers that cover a wide range of topics.

From famous properties and historical events to legal terms and industry jargon, these questions will challenge your expertise and help you learn something new.

Get ready to impress your friends, family, or colleagues with extensive real estate knowledge!

Let’s dive in and discover the fascinating world of real estate trivia.

Interesting Real Estate Trivia Questions & Answers to Know

1. What is the term for a property sold by the owner without the assistance of a real estate agent?
   A: For Sale By Owner (FSBO)

2. What does the acronym “APR” stand for in real estate?
   A: Annual Percentage Rate

3. What is the name of the legal document that proves ownership of a property?
   A: Title deed

4. What is the term for evaluating a property’s value?
   A: Appraisal

5. What does the acronym “DOM” mean in real estate?
   A: Days on Market

6. What is the name for the type of ownership where multiple parties own a percentage of a property?A: Fractional ownership

7. What is the term for the amount of money a property seller receives after all expenses are paid?
   A: Net proceeds

8. What does the acronym “CMO” mean in real estate investing?
   A: Collateralized Mortgage Obligation

9. What is the name of the type of lease where the tenant pays a lower rent in exchange for taking on some of the maintenance responsibilities?
   A: Triple net lease (NNN)

10. What is the term for dividing a property into multiple legally distinct units?
    A: Subdivision

11. What does the acronym “CAP” mean in real estate investing?
    A: Capitalization rate

12. What is the name of the type of real estate that generates income from agricultural activities?
    A: Farm and ranch real estate

13. What is the term for the legal right to use a portion of a property owned by another party?
    A: Easement

14. What does the acronym “ADR” mean in real estate?
    A: Average Daily Rate

15. What is the name of the type of mortgage where the interest rate remains the same throughout the loan term?
    A: Fixed-rate mortgage

16. What is the term for combining multiple properties into a legal entity?
    A: Assemblage

17. What does the acronym “ARV” mean in real estate investing?
    A: After Repair Value

18. What is the name for the type of ownership where an individual owns a unit within a larger complex?A: Condominium ownership

19. What is the term for the legal process of transferring a mortgage from one lender to another?
    A: Mortgage assignment

20. What does the acronym “CRE” mean in real estate?
    A: Commercial Real Estate

21. What is the name of the type of lease where the tenant pays a higher rent in exchange for the landlord taking on all maintenance responsibilities?
    A: Full-service lease

22. What is the term for the process of determining the boundaries and measurements of a property?A: Land survey

23. What does the acronym “NOI” mean in real estate investing?
    A: Net Operating Income

24. What is the name of the type of real estate that includes properties used for manufacturing and production?
    A: Industrial real estate

25. What is the term for the legal agreement between a landlord and a tenant?
    A: Lease Agreement

26. What does the acronym “AMO” mean in real estate?
    A: Accredited Management Organization

27. What is the name of the type of mortgage where the interest rate can change over time?
    A: Adjustable-rate mortgage (ARM)

28. What is the term for using rental income to pay a mortgage?
    A: Rent-to-own

29. What does the acronym “TIC” stand for in real estate?
    A: Tenancy in Common

30. What is the name for the type of ownership where a person owns a structure but not the land it sits on?
    A: Ground lease

31. What is the term for the legal process of a lender seizing a property when the owner fails to make mortgage payments?
    A: Foreclosure

32. What does the acronym “GRM” mean in real estate investing?
    A: Gross Rent Multiplier

33. What is the name of the type of real estate that includes properties used for hotels and resorts?
    A: Hospitality real estate

34. What is the term for the process of paying off a mortgage before the end of the loan term?
    A: Prepayment

35. What does the acronym “MIP” mean in real estate?
    A: Mortgage Insurance Premium

36. What is the name of the type of lease where the tenant pays a base rent plus a percentage of their sales?
    A: Percentage lease

37. What is the term for the legal process of a tenant being removed from a property by court order?
    A: Eviction

38. What does the acronym “IRR” mean in real estate investing?
    A: Internal Rate of Return

39. What is the name of the type of real estate that includes properties used for medical and healthcare purposes?
    A: Medical real estate

40. What is the term for a tenant taking over a lease from another tenant?
    A: Lease assignment

41. What does the acronym “CoC” mean in real estate investing?
    A: Cash-on-Cash return

42. What is the name for the type of ownership where a person owns a share of a property and has the right to use it for a specific period each year?
    A: Timeshare ownership

43. What is the term for the legal process of a property being sold to satisfy a debt?
    A: Deed in lieu of foreclosure

44. What does the acronym “ROI” mean in real estate investing?
    A: Return on Investment

45. What is the name of the type of real estate that includes properties used for educational purposes?
    A: Educational real estate

46. What is the term for the process of a landlord withholding a portion of a tenant’s security deposit?
    A: Security deposit deduction

47. What does the acronym “CCRs” mean in real estate?
    A: Covenants, Conditions, and Restrictions

48. What is the name of the type of lease where the tenant is responsible for all operating expenses?
    A: Absolute net lease

49. What is the term for the legal process of a property owner voluntarily giving the property to a lender to avoid foreclosure?
    A: Deed in lieu of foreclosure

50. What does the acronym “NPV” stand for in real estate investing?
    A: Net Present Value

51. What is the name of the type of real estate that includes properties used for government purposes?A: Government real estate

52. What is the term for a tenant renewing a lease for an additional term?
    A: Lease renewal

53. What does the acronym “LLC” mean in real estate investing?
    A: Limited Liability Company

54. What is the name for the type of ownership where a person owns a property for a specific period before it reverts to the original owner?
    A: Leasehold estate

55. What is the term for the legal process of a property being sold to satisfy unpaid taxes?
    A: Tax lien foreclosure

56. What does the “DSCR” mean in real estate investing?
    A: Debt Service Coverage Ratio

57. What is the name of the type of real estate that includes properties used for religious purposes?
    A: Religious real estate

58. What is the term for the process of a landlord providing a tenant with written notice to vacate a property?
    A: Notice to vacate

59. What does the acronym “PSF” mean in real estate?
    A: Per Square Foot

60. What is the name of the type of lease where the tenant pays a base rent plus a share of the property’s operating expenses?
    A: Modified gross lease

61. What is the term for the legal process of a property being transferred to the government for public use?
    A: Condemnation

62. What does the acronym “LTV” mean in real estate investing?
    A: Loan-to-value ratio

63. What is the name of the type of real estate that includes properties used for sports and entertainment purposes?
    A: Sports and entertainment real estate

64. What is the term for the process of a landlord increasing rent at the end of a lease term?
    A: Rent escalation

65. What does the acronym “QCD” mean in real estate?
    A: Qualified Contract Date

66. What is the name for the type of ownership where a person owns a property jointly with another person?
    A: Joint tenancy

67. What is the term for the legal process of a property being sold at auction to the highest bidder?
    A: Sheriff’s sale

68. What does the acronym “RUBS” mean in real estate?
    A: Ratio Utility Billing System

69. What is the name of the type of real estate that includes properties used for data storage and processing?
    A: Data center real estate

70. What is the term for the process of a tenant subleasing a property to another tenant?
    A: Subletting

71. What does the acronym “CPM” mean in real estate?
    A: Certified Property Manager

72. What is the name for the type of ownership where a person owns a property for their lifetime?
    A: Life estate

73. What is the term for the legal process of a property being sold to satisfy a court judgment?
    A: Judicial foreclosure

74. What does the acronym “REIT” stand for in real estate investing?
    A: Real Estate Investment Trust

75. What is the name of the type of real estate that includes properties used for self-storage purposes?
    A: Self-storage real estate

76. What is the term for the process of a landlord returning a tenant’s security deposit?
    A: Security deposit refund

77. What does the acronym “CCIMs” mean in real estate?
    A: Certified Commercial Investment Members

78. What is the name of the type of lease where the tenant pays a base rent plus a share of the property’s property taxes and insurance?
    A: Net lease

79. What is the legal process for a property owner granting another party the right to use their property for a specific purpose?
    A: Licensing

80. What does the acronym “GLA” mean in real estate?
    A: Gross Leasable Area

81. What is the name of the type of real estate that includes properties used for transportation purposes?
    A: Transportation real estate

82. What is the term for a tenant improving a property and deducting the cost from their rent?
    A: Rent concession

83. What does the acronym “LEED” mean in real estate?
    A: Leadership in Energy and Environmental Design

84. What is the name for the type of ownership where a person owns a property as a member of a homeowners association?
    A: Planned Unit Development (PUD)

    

85. What is the term for the legal process of a property being sold to satisfy a mechanic’s lien?
    A: Mechanic’s lien foreclosure

86. What does the acronym “FSG” mean in real estate?
    A: Full-Service Gross lease

87. What is the name for the type of real estate that includes properties used for mixed residential and commercial purposes?
    A: Mixed-use real estate

88. What is the term for the process of a landlord offering a tenant free rent for a specific period?A: Rent abatement

89. What does the acronym “NNN” mean in real estate?
    A: Triple Net lease

90. What is the name for the type of ownership where a person owns a property for a specific period before it is sold?
    A: Fee simple determinable

91. What is the legal process for partitioning a property into separate ownership interests?
    A: Partition

92. What does the acronym “CBD” mean in real estate?
    A: Central Business District

93. What is the name of the type of real estate that includes properties used for research and development purposes?
    A: Research and development real estate

94. What is the term for the process of a landlord allowing a tenant to terminate a lease early?
    A: Lease termination

95. What does the acronym “CDD” mean in real estate?
    A: Common Area Maintenance (CAM), Property Insurance, and Property Taxes

96. What is the name for the type of ownership where a person owns a property but allows another person to use it?
    A: Usufruct

97. What is the term for the legal process of a property being sold to satisfy a tax lien?
    A: Tax deed sale

98. What does the acronym “TI” stand for in real estate?
    A: Tenant Improvements

99. What is the name of the type of real estate that includes properties used for senior living purposes?A: Senior housing real estate

100. What is the term for the process of a tenant paying rent late and incurring a penalty?
     A: Late fee

101. What does the acronym “STNL” mean in real estate investing?
     A: Single Tenant Net Lease

102. What is the name for the type of ownership where a person owns a property for a specific period before it reverts to a charity?
     A: Charitable remainder trust

103. What is the term for the legal process of a property being sold to satisfy a judgment lien?
     A: Judgment lien foreclosure

104. What does the acronym “SDC” mean in real estate?
     A: Specific Development Charge

105. What is the name of the type of real estate that includes properties used for data center purposes?
     A: Mission-critical real estate

106. What is the term for the process of a landlord providing a tenant with a rent credit for referring a new tenant?
     A: Rent referral credit

107. What does the acronym “SNDA” mean in real estate?
     A: Subordination, Non-Disturbance, and Attornment Agreement

108. What is the name for the type of ownership where a person owns a property as a beneficiary of a trust?
     A: Trust ownership

109. What is the term for the legal process of a property being sold to satisfy unpaid homeowners association dues?
     A: HOA foreclosure

110. What does the acronym “CAM” mean in real estate?
     A: Common Area Maintenance

111. What is the name of the type of real estate that includes properties used for agricultural purposes?A: Agricultural real estate

112. What is the term for the process of a tenant paying a security deposit in installments?
     A: Security deposit payment plan

113. What does the acronym “CRB” mean in real estate?
     A: Certified Real Estate Brokerage Manager

114. What is the name for the type of ownership where a person owns a property jointly with their spouse?
     A: Tenancy by the entirety

115. What is the term for the legal process of a property being sold to satisfy a reverse mortgage?
     A: Reverse mortgage foreclosure

116. What does the acronym “GO” mean in real estate?
     A: Gross Output

117. What is the name of the type of real estate that includes properties used for manufacturing purposes?A: Manufacturing real estate

118. What is the term for the process of a landlord withholding a portion of a tenant’s rent for repairs or maintenance?
     A: Rent withholding

119. What does the acronym “BOMA” mean in real estate?
     A: Building Owners and Managers Association

120. What is the name for the type of ownership where a person owns a property for a specific period before it passes to their heirs?
     A: Life estate pur autre vie

121. What is the term for the legal process of a property being sold to satisfy a second mortgage?
     A: Second mortgage foreclosure

122. What does the acronym “ADA” mean in real estate?
     A: Americans with Disabilities Act

123. What is the name of the type of real estate that includes properties used for timber production?
     A: Timberland real estate

124. What is the term for the process of a tenant paying a higher rent in exchange for a landlord providing certain amenities or services?
     A: Amenity rent

125. What does the acronym “BID” mean in real estate?
     A: Business Improvement District

126. What is the name for the type of ownership where a person owns a property as a cooperative member?
     A: Cooperative ownership

127. What is the term for the legal process of a property being sold to satisfy a bankruptcy court order?
     A: Bankruptcy sale

128. What does the acronym “CCIM” mean in real estate?
     A: Certified Commercial Investment Member

129. What is the name of the type of real estate that includes properties used for student housing purposes?
     A: Student housing real estate

130. What is the term for the process of a landlord requiring a tenant to obtain renter’s insurance?
     A: Renter’s insurance requirement

131. What does the acronym “CRE” mean in real estate?
     A: Counselors of Real Estate

132. What is the name for the type of ownership where a person owns a property for a specific period before it passes to a charity?
     A: Charitable lead trust

133. What is the term for the legal process of selling a property to satisfy a judgment against the owner?
     A: Execution sale

134. What does the acronym “EGI” mean in real estate?
     A: Effective Gross Income

135. What is the name of the type of real estate that includes properties used for oil and gas production?A: Oil and gas real estate

136. What is the term for the process of a landlord allowing a tenant to pay rent in a foreign currency?
     A: Foreign currency rent

137. What does the acronym “FIRPTA” mean in real estate?
     A: Foreign Investment in Real Property Tax Act

138. What is the name for the type of ownership where a person owns a property as a member of a community land trust?
     A: Community land trust ownership

139. What is the term for the legal process of a property being sold to satisfy unpaid condominium fees?
     A: Condominium lien foreclosure

140. What does the acronym “GRM” mean in real estate?
     A: Gross Rent Multiplier

141. What is the name of the type of real estate that includes properties used for mining purposes?
     A: Mining real estate

142. What is the term for the process of a tenant paying a lower rent in exchange for providing a service to the landlord?
     A: Service exchange rent

143. What does the acronym “IREM” mean in real estate?
     A: Institute of Real Estate Management

144. What is the name for the type of ownership where a person owns a property as a beneficiary of a will?A: Testamentary trust ownership

145. What is the term for the legal process of a property being sold to satisfy unpaid property taxes?
     A: Tax foreclosure

146. What does the acronym “MITS” mean in real estate?A: Mortgage Interest Tax Statement

147. What is the name of the type of real estate that includes properties used for renewable energy production?
     A: Renewable energy real estate

148. What is the term for the process of a landlord providing a tenant with a rent discount for signing a longer lease?
     A: Lease term discount

149. What does the acronym “NOI” mean in real estate?
     A: Net Operating Income

150. What is the name for the type of ownership where a person owns a property for a specific period before it reverts to the government?
     A: Land grant

151. What is the term for the legal process of a property being sold to satisfy a tax deed?
     A: Tax deed foreclosure

152. What does the acronym “RUBS” mean in real estate?
     A: Ratio Utility Billing System

153. What is the name of the type of real estate that includes properties used for waste management purposes?
     A: Waste management real estate

154. What is the term for the process of a landlord providing a tenant with a rent rebate for conserving utilities?
     A: Utility conservation rebate

155. What does the acronym “SFR” mean in real estate?
     A: Single Family Residence

156. What is the name for the type of ownership where a person owns a property as a member of a tenancy in common?
     A: Tenancy in common ownership

157. What is the term for the legal process of a property being sold to satisfy a construction lien?A: Construction lien foreclosure

158. What does the acronym “TI” stand for in real estate?
     A: Tenant Improvements

159. What is the name of the type of real estate that includes properties used for carbon sequestration purposes?
     A: Carbon sequestration real estate

160. What is the term for the process of a tenant paying a higher rent for a property with a desirable location?
     A: Location rent premium

161. What does the acronym “UPB” mean in real estate?
     A: Unpaid Principal Balance

162. What is the name for the type of ownership where a person owns a property as a member of a real estate investment group?A: Real estate investment group ownership

163. What is the term for the legal process of a property being sold to satisfy a mechanics lien?
     A: Mechanics lien foreclosure

164. What does the acronym “USPAP” mean in real estate?
     A: Uniform Standards of Professional Appraisal Practice

165. What is the name of the type of real estate that includes properties used for water conservation purposes?
     A: Water conservation real estate

166. What is the term for the process of a landlord providing a tenant with a rent discount for paying rent early?
     A: Early payment discount

167. What does the acronym “VAT” stand for in real estate?A: Value Added Tax

168. What is the name for the type of ownership where a person owns a property as a member of a real estate syndicate?
     A: Real estate syndicate ownership

Conclusion

Real estate trivia is an interesting way to explore the diverse and complex world of property ownership, transactions, and investments.

From understanding unique terminology and acronyms to learning about various legal processes and niche property types, these 168 questions have provided a comprehensive overview.

Whether you’re a seasoned real estate professional or simply curious about the industry, testing your knowledge with these trivia questions can be both entertaining and educational.

So, what’s next? Keep exploring, learning, and growing your understanding of real estate.

Challenge yourself with more trivia, and don’t hesitate to share your newfound knowledge with others in your circle.