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.   Quick profit
B.   Current income
C.   Foreign market bumps
D.   Flipping
Question #2
One reason that minority groups tend to be homeowners less frequently than white Americans is due to a ______.
A.   Older median age
B.   Younger median age
C.   Lower birth rate
D.   Lower interest in homeownership
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.   Resell immediately at market price
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.   Successful and unsuccessful
B.   Primary and secondary
C.   High dollar and low dollar
D.   Property type and investment strategy
Question #5
Low-income and minority buyers face a number of obstacles to homeownership, including:
A.   Competition from foreign investors for affordable housing
B.   Long-term rental leases
C.   Immigration status
D.   An insufficient supply of affordable housing
Question #6
Which type of investor markets to renters rather than buyers?
A.   Fix-and-flip
B.   Wholesale
C.   Buy-and-hold
D.   Deep pocket
Question #7
Which of the following is a benefit of home ownership, according to research studies?
A.   Community stability
B.   Fully integrated neighborhoods
C.   Increased economic opportunity
D.   Greater amounts of open space
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.   Selling quickly for fair market value
D.   Obtaining top dollar when selling

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