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.   Current income
C.   Quick profit
D.   Flipping
Question #2
One reason that minority groups tend to be homeowners less frequently than white Americans is due to a ______.
A.   Lower interest in homeownership
B.   Older median age
C.   Younger median age
D.   Lower birth rate
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.   Property type and investment strategy
B.   Successful and unsuccessful
C.   Primary and secondary
D.   High dollar and low dollar
Question #5
Low-income and minority buyers face a number of obstacles to homeownership, including:
A.   An insufficient supply of affordable housing
B.   Long-term rental leases
C.   Competition from foreign investors for affordable housing
D.   Immigration status
Question #6
Which type of investor markets to renters rather than buyers?
A.   Wholesale
B.   Deep pocket
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.   Increased economic opportunity
B.   Community stability
C.   Fully integrated neighborhoods
D.   Greater amounts of open space
Question #8
What factor is a primary concern to the fix-and-flip investor?
A.   Generating long-term positive cash flow
B.   Finding quality renters
C.   Selling quickly for fair market value
D.   Obtaining top dollar when selling

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