CA Real Estate Finance Course » 2021 » Sec 16 Unit 7 Exam

Need help with your exam preparation?

Existing Quiz Clients Login here
Question #1
Which of the following describes a “buy and hold” investment strategy?
A.   It requires no working capital or business experience because it's a passive form of investing.
B.   It's most similar to a limited partnership method of investing.
C.   It's a more conservative investment method than a fix and flip.
D.   It's considered a short-term investment.
Question #2
Which of the following real estate transactions is subject to recaptured depreciation?
A.   The sale of a family home
B.   The purchase of an investment property
C.   The sale of an investment property
D.   The purchase of a residential, owner-occupied home
Question #3
Jasmine wants to buy a duplex where the mortgage is $300,000. Her income only qualifies her for a $200,000 loan, and she doesn’t have enough saved to make up the difference. What factor might allow her to obtain financing anyway?
A.   Jasmine's unit is smaller
B.   The seller is a relative
C.   Rental income
D.   A friendly lender
Question #4
Which of the following is a passive type of real estate investment?
A.   Buy and hold
B.   Wholesale
C.   Limited partnership
D.   Fix and flip

Need help with your exam preparation?

Existing Quiz Clients Login here