Final Quiz

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Quiz Score out of 25
1. Reasons for buying income property usually does not include which of the following?
Short term appreciation
Monthly cash flow
Tax Shelter
Resale for quick profit
2. Reasons why you do not need a real estate agent to find a duplex for purchase include all except which of the following?
There is plenty of inventory available to the public
 It is relatively easy to determine value
 A commission will not be paid, so price will be lower
 Obtaining financing is similar to your personal residence
3. A principal reason for using a real estate agent to find a 48-unit apartment building for purchase usually include which of the following?

Availability of many properties is known only to agents
An agent will insure that you obtain a good property
The expertise of an agent is necessary for analyzing value of the property
 An agent can better fill out the purchase offer contract