45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021 » Section 10 Unit 1 Exam

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Question #1
The buy-and-hold investor enjoys appreciation potential, tax write-offs, and ______.
A.   Foreign market bumps
B.   Flipping
C.   Quick profit
D.   Current income
Question #2
One reason that minority groups tend to be homeowners less frequently than white Americans is due to a ______.
A.   Lower birth rate
B.   Lower interest in homeownership
C.   Younger median age
D.   Older median age
Question #3
After the renovation, what will a fix-and-flip investor want to do next?
A.   Resell immediately at market price
B.   Get top dollar for the property, even if it takes several months
C.   Buy additional properties for deep discounts and wholesaling them
D.   Market the property to a specific investor type
Question #4
What are two ways in which an investor’s approach to strategy might be categorized?
A.   Primary and secondary
B.   High dollar and low dollar
C.   Property type and investment strategy
D.   Successful and unsuccessful
Question #5
Low-income and minority buyers face a number of obstacles to homeownership, including:
A.   An insufficient supply of affordable housing
B.   Competition from foreign investors for affordable housing
C.   Long-term rental leases
D.   Immigration status
Question #6
Which type of investor markets to renters rather than buyers?
A.   Buy-and-hold
B.   Deep pocket
C.   Wholesale
D.   Fix-and-flip
Question #7
Which of the following is a benefit of home ownership, according to research studies?
A.   Fully integrated neighborhoods
B.   Increased economic opportunity
C.   Greater amounts of open space
D.   Community stability
Question #8
What factor is a primary concern to the fix-and-flip investor?
A.   Finding quality renters
B.   Generating long-term positive cash flow
C.   Obtaining top dollar when selling
D.   Selling quickly for fair market value

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