Hearing the pros talk about real estate can sound like a different language. How well can you speak real estate?

What's the difference between an agent and a broker? What's a balloon mortgage? These kind of questions can leave a person feeling like they're getting in over their head.

The good news is, even though these topics can be important in specific situations, they won't be equally important to everyone in the home buying process. But, it can still be helpful for students (and teachers) to quiz themselves in a low stakes activity.

A bonus idea, after learning about the process of buying a house (using NGPF's new Buying a House mini unit) you can encourage students to use context clues from what they've learned to make their best educated guess on these more niche questions.

How well can you speak real estate? Click the photo below or check out the quiz to find out!

Questions:

• What terms were you already familiar with? How did you learn about them?
• What new terms stuck out the most to you? Why were they more interesting than others?
• Do you think it's necessary for someone buying a house to know every possible term about real estate? Explain why or why not.
• Describe what you would do if you were in the process of buying a house and you encountered a topic you didn't know much about or felt like you were becoming confused.

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NGPF's Buying a House mini unit has more lessons and activities for students looking to learn more!

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Looking for more interactives? Be sure to check out the NGPF Interactive Library. 

About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.