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Exam 17: Investing in Real Estate and Other Investment Alternatives

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Question 41

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Gold bullion poses storage problems.

A) True
B) False

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Question 42

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What is the approximate annual depreciation for tax purposes on other types of real estate besides residential real estate if the property was purchased at a cost of $300,000?

A) $10,000
B) $11,111
C) $3,000
D) $9,524
E) $10,909

F) A) and C)
G) C) and D)

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Question 43

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Perhaps the largest drawback of direct real estate investments is the absence of large,liquid,and relatively efficient markets for them.

Real property equity investments are usually considered attractive during times of:

Financial leverage is the use of borrowed funds for investment purposes.

Explain the relationship between real estate syndicates and REITs.

The limited partnership is formed by a limited partner,who has unlimited liability for its debts.

A REIT may engage in speculative,short-term holding of real estate to sell for quick profits.

At the beginning of 2016,home ownership in the United States:

It is much easier today to find and trade in collectibles than it was in prior years.Which one of the following is primarily the reason for this?

Real Estate Investment Trusts are required by federal law to have at least 500 shareholders.

Hal Lindon has an equity investment in a pool of student loans that have been purchased by Sallie Mae.What type of investment is this?

Limited partnerships and syndicates are examples of direct real estate investment.

Housing will continue to be a not-so-liquid investment that promises steady returns over time.

Explain the difference between direct and indirect investments in real estate.Give examples of each.

Investors buy precious metals as a safe haven during:

When you purchase precious stones,it is difficult to determine whether you are getting a good stone.

If you have a vacation home,the after-tax cost of owning it since 1987 has:

Coin dealers,precious metals dealers,and some banks sell gold bullion in amounts ranging from _____ grams to 500 ounces or more.

Brian Wilson has several baseball cards passed down to him from his grandfather.He is particularly proud of the signed Hank Aaron baseball card that he has.What type of investment does he hold?