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

Need help with your exam preparation?

Existing Quiz Clients Login here
Question #1
The buy-and-hold investor enjoys appreciation potential, tax write-offs, and ______.
A.   Foreign market bumps
B.   Current income
C.   Flipping
D.   Quick profit
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.   Younger median age
C.   Lower interest in homeownership
D.   Older median age
Question #3
After the renovation, what will a fix-and-flip investor want to do next?
A.   Market the property to a specific investor type
B.   Buy additional properties for deep discounts and wholesaling them
C.   Get top dollar for the property, even if it takes several months
D.   Resell immediately at market price
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.   High dollar and low dollar
D.   Primary and secondary
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.   An insufficient supply of affordable housing
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.   Increased economic opportunity
B.   Greater amounts of open space
C.   Fully integrated neighborhoods
D.   Community stability
Question #8
What factor is a primary concern to the fix-and-flip investor?
A.   Generating long-term positive cash flow
B.   Selling quickly for fair market value
C.   Obtaining top dollar when selling
D.   Finding quality renters

Need help with your exam preparation?

Existing Quiz Clients Login here