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Exam- Colorado Real Estate Final National Exam with Complete Solutions
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Exam- Colorado Real Estate Final National Exam withComplete Solutions
A landlord included a clause in the lease that said the tenant would not hold the landlord
liable for personal injury or property damage for any reason. This is considered a(n):
recapture clause
quiet enjoyment clause
exculpatory clause
holdover clause Correct Answer-exculpatory clause
The main purpose of zoning laws is to:
Determine lot setbacks
Control county and city ordinances
Regulate the use and control of private property
Observe the flow of traffic Correct Answer-Regulate the use and control of private
property
All of these are requirements of a borrower under an FHA insured loan except:
, Exam- Colorado Real Estate Final National Exam with
Complete Solutions
Not borrow any money for the down payment.
Pay a monthly mortgage insurance premium.
To pledge never to obtain a second loan.
Certify that he will occupy the premises. Correct Answer-To pledge never to obtain a
second loan.
To comply with the Federal Equal Credit Opportunity Act of 1974, a lender discussing a home
loan with an elderly couple, both of whom work, may not consider which of the following
factors?
Age of the husband and wife
Verification of employment
Credit references of both husband and wife
Verification of savings and other bank accounts Correct Answer-Age of the husband and
wife
, Exam- Colorado Real Estate Final National Exam with
Complete Solutions
A six-foot sidewalk is to be poured on the outside of a corner lot that measures 50 feet x 100
feet. If the cost of the sidewalk is $0.68 per square foot, how much will the sidewalk cost?
612
636.48
728.42
660.96 Correct Answer-636.48
To be valid, a deed must have all but:
A granting clause
A description of the property
The signature of the grantor
Valuable consideration Correct Answer-Valuable consideration
An apartment building produces $4,000 per quarter in gross rents. The maintenance expenses
run $350 per month. Property taxes are $1,750 per year. The mortgage payments are $650 per
month. If the building is worth $83,750 what is the cap rate?
0.11
, Exam- Colorado Real Estate Final National Exam with
Complete Solutions
0.12
0.13
0.14 Correct Answer-0.12
In order to establish in court that you, an agent, are entitled to a commission, which of the
following could you exclude?
establishment of agency
procurement of a ready, willing and able buyer
existence of an Exclusive Right to Sell Listing contract
either consummation of the sale or defeat of the sale by refusal or neglect of the seller
Correct Answer-establishment of agency
A permitted agent C to show his property and hold himself out as A's agent. C negotiated a
deal with B on behalf of A. A tried to get out of the deal, but was required to keep the
contract. This is an example of
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