Assignment:
Part 1
1. What is a title?
2. What is escrow?
3. What is equity?
4. Name the 6 types of housing?
5. What are two benefits and two disadvantages of owning a residence?
6. What are the 4 different types of mortgages?
7. What is the advantages of ARM?
8. What is closing costs and what do they cover (give 4 examples)?
9. What is an appraisal?
10. What is flood insurance?
11. Explain what the front end and back end costs are and give examples of each?
12. What is a downpayment?
13. If you plan to put down 5 percent and borrow $150,000, what is the sale price and the down payment going to look like ( think about the math 150,000*5%= ?
14. What is a housing association in America (not UK)?
Part 2
1. Examine one of the major US unions (Teamsters, Longshoreman's, AFL-CIO) in 300 words, list the history and contributions that this union has done.
2. Explain what a Quantitative Research project is (50 words or more).
3. Explain what a Qualitative Research project is (50 words or more).
4. Give an example of how you would use the Likert scale.