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2024 COLIBRI REAL ESTATE COURSE EXAM CHAPTER 1 – 5 WITH CORRECT ANSWERS
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2024 COLIBRI REAL ESTATE COURSE EXAM CHAPTER 1 – 5 WITH CORRECT ANSWERS
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2024 COLIBRI REAL ESTATECOURSE EXAM CHAPTER 1 – 5
WITH CORRECT ANSWERS
If a homeowner does not pay property taxes, they are at risk of losing the
home from what type of sale? - CORRECT ANSWERS-A tax sale
What describes a specific amount of time the owner of a tax lien has to allow
the property owner to pay off the lien? - CORRECT ANSWERS-The redemption
period
What term describes a personal property item that has been converted to
real property by attachment to real estate? - CORRECT ANSWERS-Fixture
What rights apply to land beneath the surface of the real estate parcel
extending from its surface boundaries downward to the center of the earth? -
CORRECT ANSWERS-Subsurface Rights
What refers to support provided by the adjacent property, such as a
landowner having a right to demand that a neighboring property owner does
nothing to cause the land to collapse? - CORRECT ANSWERS-Lateral Support
What type of law consists of decisions based on judicial precedent? -
CORRECT ANSWERS-Case Law
Who needs to have sufficient data to locate a parcel with a legal description?
- CORRECT ANSWERS-A surveyor
Sally dictated her will to her sister. What type of will was recorded? -
CORRECT ANSWERS-Nuncupative
In the case of eminent domain, if an owner does not voluntarily transfer
property, the government has the right to force the property transfer
through a legal process called - CORRECT ANSWERS-condemnation.
Which covenant, in a full covenant and warranty deed, assures that the
grantee will receive good title, and that the grantor will assist in defending
any claims to the contrary? - CORRECT ANSWERS-The covenant of warranty
forever
, What describes a summary of the condition of title, as of the date of the
certificate, based on a search of public records by an abstractor or title
analyst? - CORRECT ANSWERS-Title certificate
A quitclaim - CORRECT ANSWERS-can remove a cloud from the title.
What describes a proceeding when a decedent dies with a valid will and the
court hears the claims of lienors and creditors and determines their validity?
- CORRECT ANSWERS-A testate proceeding
What type of law consists of decisions based on judicial precedent? -
CORRECT ANSWERS-The Right to Encumber
What describes the principal north-south line used to control descriptions for
an entire state or more? - CORRECT ANSWERS-The Principal Meridian
The legal concept of real estate encompasses all man-made structures that
are permanently attached to the land and: - CORRECT ANSWERS-Land
The east-west area between two parallels is called a: - CORRECT ANSWERS-
tier
Plants and crops that grow naturally, without requiring anyone's labor or
machinery, are considered: - CORRECT ANSWERS-Real Property
What established the start of a public land survey system in the United
States? - CORRECT ANSWERS-The Land Ordinance of 1785
If a tenant installs a fixture in order to conduct business, the fixture may be
considered a trade fixture, which is the tenant's: - CORRECT ANSWERS-
Personal Property
What system uses physical features of the local geography, along with
directions and distances, to define and describe the boundaries of a parcel of
land? - CORRECT ANSWERS-Metes and Bounds
What describes the sudden decrease of land by flowing water or waves often
caused by hurricanes and other storms? - CORRECT ANSWERS-Avulsion
What do surveyors use to identify local elevation markers to provide
reference elevations for nearby properties? - CORRECT ANSWERS-
Benchmarks
A field of corn is an example of - CORRECT ANSWERS-Emblements
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