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

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