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COLIBRI REAL ESTATE FINAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS A+ GRADED $10.49   Add to cart

Exam (elaborations)

COLIBRI REAL ESTATE FINAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS A+ GRADED

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  • Course
  • COLIBRI REAL ESTATE 30 HOUR PA
  • Institution
  • COLIBRI REAL ESTATE 30 HOUR PA

land contract - ANS buyer pays seller to occupy and use property net lease - ANS buyer pays rent and other expenses gross lease - ANS buyer pays only rent goes to heirs - ANS Tenants in common, 2 of 3 people die. Who gets the property of those who died? Tenant owns it in sev...

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  • September 24, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • COLIBRI REAL ESTATE 30 HOUR PA
  • COLIBRI REAL ESTATE 30 HOUR PA
avatar-seller
Studyclock
K
C
LO
YC
D
U



COLIBRI REAL ESTATE FINAL EXAM
ST




QUESTIONS AND CORRECT DETAILED
ANSWERS A+ GRADED

, land contract - ANS buyer pays seller to occupy and use property

net lease - ANS buyer pays rent and other expenses

gross lease - ANS buyer pays only rent

goes to heirs - ANS Tenants in common, 2 of 3 people die. Who gets the property of those
who died?

Tenant owns it in severality - ANS Joint Tenancy, 3 of 4 people die. Who gets property of those




K
who died?

Client - ANS Another word for principal




C
race, nat. origin, sex, color, religion, disability, familial status - ANS Protected by Fair Housing
Act




LO
marital status - ANS Not protected by Fair Housing Act

Blockbusting - ANS telling homeowners that property values will be declining because of
ethical/racial makeup is changing
YC
flat, paved parking lot - ANS real estate put to its highest use

puffing - ANS "This is the most prestigious street in town"

$5,000 - ANS maximum fine for first offense
D

name and broker - ANS an individual advertisement needs...
U


statement that they are licensed - ANS a brokerage advertisement needs...

48 hours - ANS if listing is submitted to MLS, must notify customer within...
ST




at their next meeting - ANS Licensee must deliver Consumer Info Statement when...

blanket mortgage - ANS a mortgage that covers 2 parcels of land

tenancy at sufference - ANS lease expires, tenants won't leave

easement in gross - ANS gas company intrudes on land to fix a gas line

the seller - ANS signs the deed at a closing

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