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2024 COLIBRI REAL ESTATE COURSE EXAM CHAPTER 1 – 5 WITH CORRECT ANSWERS $13.99   Add to cart

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2024 COLIBRI REAL ESTATE COURSE EXAM CHAPTER 1 – 5 WITH CORRECT ANSWERS

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  • Course
  • COLIBRI REAL ESTATE COURSE
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  • COLIBRI REAL ESTATE COURSE

2024 COLIBRI REAL ESTATE COURSE EXAM CHAPTER 1 – 5 WITH CORRECT ANSWERS

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  • August 11, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • COLIBRI REAL ESTATE COURSE
  • COLIBRI REAL ESTATE COURSE
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2024 COLIBRI REAL ESTATE
COURSE 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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