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.   Flipping
B.   Current income
C.   Foreign market bumps
D.   Quick profit
Question #2
One reason that minority groups tend to be homeowners less frequently than white Americans is due to a ______.
A.   Younger median age
B.   Older median age
C.   Lower interest in homeownership
D.   Lower birth rate
Question #3
After the renovation, what will a fix-and-flip investor want to do next?
A.   Get top dollar for the property, even if it takes several months
B.   Market the property to a specific investor type
C.   Resell immediately at market price
D.   Buy additional properties for deep discounts and wholesaling them
Question #4
What are two ways in which an investor’s approach to strategy might be categorized?
A.   Property type and investment strategy
B.   High dollar and low dollar
C.   Successful and unsuccessful
D.   Primary and secondary
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.   Deep pocket
B.   Wholesale
C.   Buy-and-hold
D.   Fix-and-flip
Question #7
Which of the following is a benefit of home ownership, according to research studies?
A.   Community stability
B.   Greater amounts of open space
C.   Increased economic opportunity
D.   Fully integrated neighborhoods
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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