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

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Question #1
Which of the following describes a “buy and hold” investment strategy?
A.   It's a more conservative investment method than a fix and flip.
B.   It's most similar to a limited partnership method of investing.
C.   It's considered a short-term investment.
D.   It requires no working capital or business experience because it's a passive form of investing.
Question #2
Which of the following real estate transactions is subject to recaptured depreciation?
A.   The purchase of an investment property
B.   The purchase of a residential, owner-occupied home
C.   The sale of a family home
D.   The sale of an investment property
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.   A friendly lender
C.   Rental income
D.   The seller is a relative
Question #4
Which of the following is a passive type of real estate investment?
A.   Buy and hold
B.   Limited partnership
C.   Fix and flip
D.   Wholesale

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