Charles buys a house and waits till its value rises.He then resells the house to make a big profit.This act of making profit by reselling is referred to as ________.

Question

Quizplus · Accepted Answer

A)Flipping refers to buying a house, making some quick fixes to raise its value or simply waiting for prices to rise, and reselling it for a big profit. Charles is engaging in flipping in the given case.
B)Flipping refers to buying a house, making some quick fixes to raise its value or simply waiting for prices to rise, and reselling it for a big profit. Charles is engaging in flipping in the given case.
C)Flipping refers to buying a house, making some quick fixes to raise its value or simply waiting for prices to rise, and reselling it for a big profit. Charles is engaging in flipping in the given case.
D)Flipping refers to buying a house, making some quick fixes to raise its value or simply waiting for prices to rise, and reselling it for a big profit. Charles is engaging in flipping in the given case.
E)Flipping refers to buying a house, making some quick fixes to raise its value or simply waiting for prices to rise, and reselling it for a big profit. Charles is engaging in flipping in the given case.

Charles Buys a House and Waits Till Its Value Rises