Century 21 Real Estate
(108).webp "Century 21 Real Estate - Quiz")
A quiz designed to test basic facts about Century 21 Real Estate Company.
- 1.
Century 21 Real Estate is categorized as a:
- A.
Limited Liability Corporation
- B.
Corporation
- C.
Limited Liability Company
Correct Answer
C. Limited Liability CompanyExplanation
Century 21 Real Estate is categorized as a Limited Liability Company (LLC). An LLC is a business structure that combines the limited liability protection of a corporation with the flexibility and tax benefits of a partnership. This means that the owners of Century 21 Real Estate have limited personal liability for the company's debts and obligations. Additionally, an LLC offers pass-through taxation, where profits and losses are passed through to the owners' personal tax returns. This makes an LLC an attractive option for small businesses like Century 21 Real Estate.Rate this question:
-
- 2.
Century 21 is a franchise owned by:
- A.
Metropolitan Life Insurance
- B.
Realogy
- C.
Leading RE
Correct Answer
B. RealogyExplanation
Realogy is the correct answer because it is the parent company of Century 21. Realogy is a real estate services company that owns and operates several well-known real estate brands, including Century 21. Metropolitan Life Insurance and Leading RE are not associated with Century 21, making Realogy the only logical choice.Rate this question:
-
- 3.
The owner of this franchise also owns:
- A.
Keller Williams and RE/MAX
- B.
Coldwell Banker and Keller Williams
- C.
Coldwell Banker and ERA Real Estate
Correct Answer
C. Coldwell Banker and ERA Real EstateExplanation
The correct answer is Coldwell Banker and ERA Real Estate. This means that the owner of the franchise owns both Coldwell Banker and ERA Real Estate, suggesting that they have a diverse portfolio in the real estate industry.Rate this question:
-
- 4.
What is behind the name?
- A.
The Century 21 Exposition that was held in Seattle, Washington in 1962 made an impression.
- B.
At the time, people believed that the U.S. was on the verge of great futuristic developments. Because of this, the founders labeled themselves the future of real estate.
- C.
The founders were shareholders in the Century 21 Department Store that was founded in 1921.
Correct Answer
A. The Century 21 Exposition that was held in Seattle, Washington in 1962 made an impression.Explanation
The Century 21 Exposition in 1962 made a significant impact on the founders of Century 21. The exposition was believed to signify the U.S. entering a new era of futuristic advancements. Inspired by this, the founders chose to label themselves as the future of real estate. This connection to the exposition and the belief in a promising future influenced the decision to name the company Century 21.Rate this question:
-
- 5.
Century 21 Real Estate's headquarters are located in:
- A.
Hopatcong, New Jersey
- B.
Parsippany, New Jersey
- C.
New York, New York
Correct Answer
B. Parsippany, New JerseyExplanation
Century 21 Real Estate's headquarters are located in Parsippany, New Jersey. This information can be inferred from the given options, where Parsippany, New Jersey is listed as one of the choices.Rate this question:
-
- 6.
Where and when was Century 21 founded?
- A.
Washington, 1954
- B.
New Jersey, 1982
- C.
California, 1971
Correct Answer
C. California, 1971Explanation
Century 21 was founded in California in 1971.Rate this question:
-
- 7.
In 1984, the company was bought out by:
- A.
Realogy
- B.
Metropolitan Life Insurance
- C.
Allstate Insurance
Correct Answer
B. Metropolitan Life InsuranceExplanation
In 1984, the company was bought out by Metropolitan Life Insurance.Rate this question:
-
- 8.
Century 21 has this many independently owned and operated offices worldwide:
- A.
4,600
- B.
15,100
- C.
8,100
Correct Answer
C. 8,100Explanation
Century 21 has 8,100 independently owned and operated offices worldwide.Rate this question:
-
- 9.
There are Century 21 offices operated in this many countries and territories:
- A.
40
- B.
84
- C.
16
Correct Answer
A. 40Explanation
The correct answer is 40. This means that there are Century 21 offices operating in 40 different countries and territories.Rate this question:
-
- 10.
Who is the President and CEO of the company?
- A.
Llewellyn J. Puppybreath
- B.
Thomas R. Kunz
- C.
Jim Gillespie
Correct Answer
B. Thomas R. KunzExplanation
Thomas R. Kunz is the correct answer because he is mentioned as one of the options for the President and CEO of the company.Rate this question:
-
- 11.
Who were the founders of the company?
- A.
Rich Chance & Ronald Chump
- B.
Will Seller & River Wader
- C.
Art Bartlett & Marsh Fisher
Correct Answer
C. Art Bartlett & Marsh FisherExplanation
Art Bartlett and Marsh Fisher were the founders of the company.Rate this question:
-
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Apr 09, 2024Quiz Edited by
ProProfs Editorial Team -
Jan 25, 2008Quiz Created by
Cedrusd
Back to top