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.   Current income
B.   Quick profit
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 interest in homeownership
B.   Lower birth rate
C.   Older median age
D.   Younger median age
Question #3
After the renovation, what will a fix-and-flip investor want to do next?
A.   Buy additional properties for deep discounts and wholesaling them
B.   Get top dollar for the property, even if it takes several months
C.   Resell immediately at market price
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.   Primary and secondary
C.   High dollar and low dollar
D.   Successful and unsuccessful
Question #5
Low-income and minority buyers face a number of obstacles to homeownership, including:
A.   Long-term rental leases
B.   Immigration status
C.   An insufficient supply of affordable housing
D.   Competition from foreign investors for affordable housing
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.   Greater amounts of open space
B.   Fully integrated neighborhoods
C.   Community stability
D.   Increased economic opportunity
Question #8
What factor is a primary concern to the fix-and-flip investor?
A.   Selling quickly for fair market value
B.   Finding quality renters
C.   Generating long-term positive cash flow
D.   Obtaining top dollar when selling

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