Advanced Financial Literacy Unit #5 Test Review Activity

Front

Income that takes little or no effort is _____________________________.

Back

passive

Front

The common disadvantage of buying a home is

Back

limited mobility

Front

Capital appreciation from an investment property is __________

Back

gains in its equity.

Front

Using debt to acquire investment assets is ____________.

Back

leverage

Front

Investment properties are a(n) ______________ asset that takes time to sell.

Back

illiquid

Front

Modeled after mutual funds, ____________________ pool investors capital who earn dividends from real estate investments.

Back

Real Estate Investment Trusts (REITs)

Front

________ are investment property ownership arrangements where all parties are equally responsible for day-to-day management.

Back

General Partnerships

Front

________ are investment property ownership arrangements which investors who are not as involved but may profit.

Back

Limited Partnerships

Front

________ are investment property arrangements which investors owners directly own the investment property.

Back

Tenant-in-common

Front

Online tool used to find real estate listings for sale by Realtors® and other realty professionals.

Back

Multiple Listing Service (MLS)