Real estate trivia

Try 60 Real estate trivia questions one at a time, no sign-in needed. Harder questions and review of what you missed continue in the LoreUp app.

• When a Korean lease is renewed through the right to demand renewal, what is the cap on raising the rent and the security deposit?Leases and registration
• What is the Korean word for the rent paid to the landlord every month on top of the security deposit?Leases and registration
• Where is the right place to file a move-in report after moving house in Korea?Leases and registration
• Which Korean document is the public record of who owns a property and what rights sit over it?Leases and registration
• Which state-licensed professional in Korea brokers a lease and helps draw up the contract?Leases and registration
• What does a jeonse tenant in Korea need in order to gain the right of priority repayment and protect the deposit?Leases and registration
• Which part of a Korean property register records rights other than ownership, such as a mortgage or a jeonse right?Leases and registration
• Which part of a Korean property register records matters of ownership, such as a transfer of title or a provisional attachment?Leases and registration
• When may a Korean tenant exercise the right to demand renewal of a lease?Leases and registration
• Even if a Korean residential lease sets a term of one year, the tenant may insist on two years.Leases and registration
• Once a Korean lease has been extended by implied renewal, the tenant cannot terminate it for the rest of the term.Leases and registration
• In a Korean lease, what is the money the tenant leaves with the landlord and receives back when the lease ends?Leases and registration
• In Korea, jeonse is a form of lease in which you leave no security deposit and pay only monthly rent.Leases and registration
• A certified copy of the property register in Korea shows only the size of the building and cannot tell you who owns it.Leases and registration
• A move-in report in Korea is the step of declaring that you have moved your address to the home you have just moved into.Leases and registration
• In Korea, only the owner of a property may view a certified copy of its property register.Leases and registration
• A fixed date stamp in Korea publicly confirms that a lease contract existed on that date.Leases and registration
• In a Korean property register, a security interest such as a mortgage backing a loan is recorded in the section called gapgu.Leases and registration
• To acquire opposing power, the right to assert a lease against a new owner, a Korean tenant must take delivery of the home, actually live there, and complete a move-in report.Leases and registration
• A Korean tenant who already meets the requirements for opposing power must also obtain a fixed date stamp on the lease contract to gain the right of priority repayment.Leases and registration
• Which security right does a Korean bank register on the property register when it makes a mortgage loan?Mortgage regulation
• Which amount does DTI, the debt-to-income ratio, compare against annual income?Mortgage regulation
• A home is worth 600 million won and an LTV of 50 percent applies. Going by collateral value alone, what is the largest loan?Mortgage regulation
• Which designation, made when prices surge, tightens borrowing limits in the area concerned in Korea?Mortgage regulation
• Which index, reflecting the cost banks bear to raise funds, is used as the base for variable rate mortgage loans in Korea?Mortgage regulation
• What is the main aim of applying DSR limits borrower by borrower?Mortgage regulation
• What does LTV, the loan-to-value ratio, take as its basis?Mortgage regulation
• What do we call a loan taken by pledging a home as security?Mortgage regulation
• Which kind of loan has an interest rate that moves up and down with market rates?Mortgage regulation
• What do DTI and DSR both take as their basis?Mortgage regulation
• Taking a loan at a variable rate can mean a heavier interest burden when market rates rise.Mortgage regulation
• DSR is worked out from the mortgage loan alone and takes no account of any other borrowing.Mortgage regulation
• Korea's mortgage lending rules exist to cut the interest you pay the more you borrow.Mortgage regulation
• In Korea the LTV limit is worked out from the market price alone, ignoring any prior claims already registered against the home.Mortgage regulation
• Once an area in Korea is designated a speculative overheating district or an adjustment target area, its LTV limit can be pushed lower.Mortgage regulation
• Stretching a loan over a longer term cuts the principal and interest repaid each year, which lowers the DSR figure.Mortgage regulation
• COFIX is an index reflecting what it costs banks to raise funds, and it serves as the base for variable rate mortgage loans in Korea.Mortgage regulation
• A mortgage loan in Korea is borrowing on your credit standing alone, with nothing pledged as security.Mortgage regulation
• DSR measures a borrower's ability to repay against their income.Mortgage regulation
• LTV, the loan-to-value ratio used in Korea, sets the borrowing limit from the borrower's annual income alone.Mortgage regulation
• In a Korean housing subscription, which method picks winners at random from among applicants who meet the rules?Housing subscription
• Which document should you check first for the application period and the eligibility rules of a Korean housing subscription?Housing subscription
• In the Korean housing subscription system, what is the word for the state of owning no home?Housing subscription
• Which account is the right one to use for a housing subscription in Korea?Housing subscription
• After winning a Korean housing subscription, what normally comes next before you actually receive the home?Housing subscription
• Which supply route do ordinary Korean applicants use when they fall outside any policy target group?Housing subscription
• Which source is used most directly to judge eligibility for a Korean housing subscription?Housing subscription
• What should you check with particular care when considering a special supply application in Korea?Housing subscription
• Which of these is NOT a factor in the points system for the general supply of private housing in Korea?Housing subscription
• Simply paying a lot of money into a Korean housing subscription savings account always makes you first priority, whatever the housing type or your eligibility.Housing subscription
• Some special supply routes in Korea include income or asset limits in their eligibility rules.Housing subscription
• What is the main purpose of a housing subscription in Korea?Housing subscription
• In Korea, the housing subscription system is what you apply through when buying or selling an existing home that people already live in.Housing subscription
• In Korea the account normally used for a housing subscription is an ordinary deposit account rather than a housing subscription savings account.Housing subscription
• In the Korean housing subscription system, a non-homeowner generally means someone whose household owns no home.Housing subscription
• Filing a housing subscription application in Korea immediately concludes a purchase contract, whether or not you are selected.Housing subscription
• Before applying for a housing subscription in Korea, it matters to read the occupant recruitment notice.Housing subscription
• Special supply is a separate allocation route in Korea for applicants who meet set conditions, such as newlyweds and families with several children.Housing subscription
• First priority in a Korean housing subscription can differ by housing type and region, so the occupant recruitment notice has to be checked.Housing subscription
• In the general supply of private housing in Korea, the points system scores applicants on age and level of education alone.Housing subscription