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Colibri Real Estate Final Exam Questions With Complete Solutions
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Colibri Real Estate Final Exam Questions With Complete Solutions
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Colibri Real Estate Final Exam QuestionsWith Complete Solutions
"This is the most prestigious street in town" Correct Answers
puffing
A broker discussing that he was going to raise commission rates
can be found guilty of: Correct Answers Price-Fixing
a brokerage advertisement needs... Correct Answers statement
that they are licensed
a fence 3 feet onto another property's lawn is considered an ...
Correct Answers encroachment
a general agent example Correct Answers property manager
A lease for which the tenant's rent is calculated as a percentage
of the tenant's sales. Correct Answers Percentage Lease
A lease under which rental increases are made at scheduled
intervals for specific amounts. Correct Answers Graduated
Lease
a mortgage that covers 2 parcels of land Correct Answers
blanket mortgage
a seller wants a certain amount, the rest of the money goes to the
agent as commission Correct Answers net listing
, a special agent example Correct Answers broker
a sum of money agreed on in advance that serves as
compensation in the event of breach Correct Answers
Liquidated Damages
act that added religion and origin as protected classes Correct
Answers Fair Housing Act
act that eliminated all racial discrimination in purchasing and
selling homes Correct Answers Civil Rights Act of 1866
agent switches brokerages, what happens to their listings?
Correct Answers listings stay with brokerage
agent takes on a listing, decides to buy house for themselves
Correct Answers let the client know
an individual advertisement needs... Correct Answers name and
broker
Another word for principal Correct Answers Client
beginning point (street name), then the direction to go Correct
Answers metes and bounds
benefit a person, not land Correct Answers easement in gross
broker gets compensation only if someone other than the seller
find the buyer Correct Answers Exclusive Agency
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