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.   Quick profit
B.   Foreign market bumps
C.   Current income
D.   Flipping
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.   Lower interest in homeownership
C.   Younger median age
D.   Older median age
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.   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.   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.   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.   Buy-and-hold
C.   Deep pocket
D.   Wholesale
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.   Increased economic opportunity
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.   Obtaining top dollar when selling
C.   Finding quality renters
D.   Selling quickly for fair market value

Need help with your exam preparation?

Existing Quiz Clients Login here