Unit 4: The Savvy Real Estate Investor Unit Exam

Successful investors should treat investing as ______.

A business that requires planning, time, organization, and expertise

As foreclosures increased in 2007, what was the response from lenders?

Decrease lending activity

Which of the following is a habit you should expect to see in a successful real estate investor?

Ethical behavior

Which of these is a recommended strategy for staying up to date with trends in the real estate market?

Review reliable Internet sources for market updates.

In response to the increase in foreclosures and losses on their balance sheets, not to mention a reduced market for subprime loans, many lenders slowed their lending activities. What was the impact of this on the overall economy?

The economy headed into a recession.

Which of the following contributed to the 2007 financial crisis?

falling home prices Falling home prices were a contributing factor to the 2007 financial crisis.