|
Q |
What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
|
| A |
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million.
|
|
|
Q |
Who is "Fannie Mae" and why is she a big name in real estate?
|
| A |
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
|
|
|
Q |
What five basic components of a "smart home" can be controlled by technology?
|
| A |
Lighting and window treatments, security and access control, data communication, environmental/energy management, and audio/video entertainment can all be operated by a "smart home".
|
|
|
Q |
Which city in the U.S. has the longest formal name, but the shortest abbreviated name?
|
| A |
El Pueblo de Nuestra Senora la Reina de los Angeles de la Porciuncula is the full name for Los Angeles, known as "LA".
|
|
|
Q |
What areas are known as the 'silk stocking' districts of this famous city?
|
| A |
In Central Park West, Fifth Avenue and Park Avenue in Manhattan, apartments go for $222,610 to $282,709 per room.
|
|
|
- NUMBER1EXPERT™ 
See More Real
Estate Trivia >
