Colibri School Exam NJ 2023(updated)question and answers rated A+In a real estate transaction the principal would BEST be described as the - correct answer Person represented by an agent
Bert is showing his buyer a home in a historic district. The buyer mentions in passing that she would like to...
Colibri School Exam NJ 2023(updated)question and answers rated A+
In a real estate transaction the principal would BEST be described as the - correct answer Person represented by an agent
Bert is showing his buyer a home in a historic district. The buyer mentions in passing that she would like to place solar panels on the roof. Beet knows that the homeowners association CC&Rs would prohibit this to protect the historic character of the neighborhood, but he doesn't tell the buyer for fear she'll loose interest in the house. Bert has committed - correct answer Actual fraud
Which situation is NOT EXEMPT from the provisions of federal fair housing laws, assuming no discriminatory advertising is used and a licensee is not involved? - correct answer Barb is an owner-
occupant of a duplex who will lease the other unit only to a white woman
Danita gets a deed of trust from ABC bank to finance the purchase of a house in Sunny Acres, a new subdivision. While the loan is outstanding, who holds the title to Danita property? - correct answer A trustee
Which of these phrases would LEAST likely be evidence of a conspiracy to commit an antitrust violation if
said by a licensee? - correct answer "We would like to suggest that you use Ace Title Agency for the closing."
Which lease tenancy is engaged in by a holdover tenant? - correct answer tenancy at sufferance
RESPA applies to ___________ financed by a federally regulated loan. - correct answer one- to four-
family residences.
An acceleration clause in a mortgage allows the lender to - correct answer Declare the loan due if the buyer defaults
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