Colibri Real Estate Law Questions & Answers | Actual Exam Questions 100% Correct Answers Verified 2024 Version
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Colibri Real Estate Law Questions & Answers |
Actual Exam Questions | 100% Correct Answers |
Verified 2024 Version
The discovery step of civil cases is where
the parties use a mediator.
the complaint is filed.
each party presents their case.
each party gathers information from each other and...
Colibri Real Estate Law Questions & Answers |
Actual Exam Questions | 100% Correct Answers |
Verified 2024 Version
The discovery step of civil cases is where
the parties use a mediator.
the complaint is filed.
each party presents their case.
each party gathers information from each other and third parties. - ✔✔each party gathers information
from each other and third parties.
What phrase could a licensee use in advertising that would not discriminate on the basis of familial
status?
Couples only
Empty nesters
No bicycles allowed
Senior discount - ✔✔Senior discount
Who is charged with the responsibility of making sure that owners do not use their property in a way
that will harm the public?
The Real Estate Commission
The HOA
The government
The zoning committee - ✔✔The HOA
What type of residential survey, also called a drive-by survey, is designed to show the location of the
house and other large structures on the property?
A house location survey
A cadastral land survey
A site survey
,A boundary survey - ✔✔A house location survey
What type of lien is one placed against any and all real and personal property owned by a particular
debtor?
A specific lien
A general lien
A senior lien
A junior lien - ✔✔A general lien
What describes when a borrower requests that the lender replace him or her on the loan instrument
with a new buyer who must go through a process of full substitution?
Restoration
Novation
Successor
Renewal - ✔✔Novation
When working with any client, the broker's job is to
protect the broker's interest.
protect the client's interest.
get the best price.
establish a good rapport. - ✔✔protect the client's interest.
In creating a joint tenancy, there are four unities. Which of the following is NOT one of the four?
Unity of Time
Unity of Possession
Unity of Interest
Unity of Origination - ✔✔Unity of Origination
The collection of Roman law contributed the model for which type of law?
, Civil law
Criminal law
Case law
Common law - ✔✔Civil law
What term, in the California Civil Code addressing mobile home residency, describes the right of a
homeowner to use the site within a mobile home park?
Leasehold
Specific use
Tenancy
Propriety - ✔✔Tenancy
Who serves as the chief executive of the Department of Real Estate in California?
The CEO of CalDRE
The California Real Estate Commissioner
The California Executive Branch
The Chief Executive Officer of California - ✔✔The California Real Estate Commissioner
What have lenders established to protect borrowers from unlimited increases in the interest rate?
Mortgage caps
Rate caps
Payment caps
Amortization caps - ✔✔Rate caps
What type of contract consists of obligations arising from a mutual agreement and intent to promise
where the agreement and promise have not been expressed in words?
An unconscionable contract
An aleatory contract
An implied contract
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