What Is Meant by "Flipping" Properties

question 45

Multiple Choice

What is meant by "flipping" properties?

• A)To pool funds from a group of individuals and invest in real estate
• B)To buy,upgrade,and sell property over a short time period for a profit
• C)To switch properties with someone randomly
• D)To have the bank take ownership of a property

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Definitions:

Availability

In psychology, it refers to the ease with which a particular thought or memory can be accessed from memory, often influencing judgments and decision-making.

Representativeness

A cognitive heuristic where an individual categorizes a situation based on how similar it is to the typical case or to their standard representation of such a case.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, often used unconsciously to make judgments and solve problems quickly.

Additive Strategies

Decision-making methods where alternatives are analyzed and evaluated by systematically adding their attributes to make a choice.