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.   Flipping
D.   Foreign market bumps
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.   Older median age
C.   Younger median age
D.   Lower interest in homeownership
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.   Market the property to a specific investor type
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.   Successful and unsuccessful
B.   Property type and investment strategy
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.   Competition from foreign investors for affordable housing
B.   An insufficient supply of affordable housing
C.   Immigration status
D.   Long-term rental leases
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.   Greater amounts of open space
B.   Increased economic opportunity
C.   Fully integrated neighborhoods
D.   Community stability
Question #8
What factor is a primary concern to the fix-and-flip investor?
A.   Obtaining top dollar when selling
B.   Finding quality renters
C.   Selling quickly for fair market value
D.   Generating long-term positive cash flow

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