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Real Estate Principles Final Exam Colibri Questions and Answers (100% Pass $13.49   Add to cart

Exam (elaborations)

Real Estate Principles Final Exam Colibri Questions and Answers (100% Pass

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  • Course
  • Real Estate Principles
  • Institution
  • Real Estate Principles

Long Beach salesperson Eric Janey is providing sellers Julie and Zach Roberts with the necessary disclosures they must be given upon the sale of real property. Which of the following is NOT a disclosure that is given upon the sale of real property? Mold Disclosure Required Lead-based Pain...

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  • October 18, 2024
  • 44
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate Principles
  • Real Estate Principles
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MASTER01
1 | P a g e | © copyright 2024/2025 | Grade A+




Real Estate Principles Final Exam
Colibri Questions and Answers
(100% Pass)
Long Beach salesperson Eric Janey is providing sellers Julie and Zach Roberts

with the necessary disclosures they must be given upon the sale of real

property. Which of the following is NOT a disclosure that is given upon the sale

of real property?


✓ Mold Disclosure Required

✓ Lead-based Paint Disclosure Required

✓ Natural Hazards Disclosure Required



✓ Radon Detection Test Disclosure - NOT REQUIRED IN CA




Escrow cannot be terminated in which of the following ways?




Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+

✓ Death of one of the principals



✓ ESCROW CAN BE TERMINATED BY

✓ The completion of escrow

✓ Mutual agreement

✓ By a court or interpleader action




Kathy Bates has just moved into a condominium complex of 60 units. The

complex has a swimming pool, and a management company takes care of

the upkeep of the outside of the property. The monthly cost for pool

maintenance, grass cutting, tree trimming, private street maintenance, and

the newly-updated clubhouse is currently $400.00 a month. Each year, the

cost of such services increases, as do the costs for necessary repairs as the

buildings get older. This year, new roofs are in order for all of the buildings.

The condominium association, which is made up of the owners of the

property, decides that, in order to cover the increase in costs, and to replace

the roofs on the property, they must pass a




Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+

✓ Special Assessment



✓ NOT

✓ Ad valorem tax (insert why)

✓ General real estate tax (insert why)




Pauline Chasse has just signed a lease agreement with landlord, Wayne

Godbrey to rent a house he owns in Delano. The lease states definite

beginning (January 1, 2016) and ending (October 30, 2016) dates, and sets

forth the rent amount and due dates and all additional property and personal

information required in such a lease. Wayne hands a copy to Pauline, but she

notices that he has not signed it. When she comments about this to him, he

tells her that signatures are not necessary since the lease is for less than a

year. Which of the following is true of this situation?


✓ Leases of less than 1 year are not required to be in writing. However, if

a lease is in writing, then it must be signed by the lessor (in this case,

Wayne)




Which of the following is NOT considered one of the basic types of Common

Interest Developments?




Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+

✓ Mobile Home Parks



✓ The below ARE considered Common Interest Developments

✓ Condominiums

✓ Cooperatives

✓ Planned developments




Under Article 7 on "hard money loans" (cash) of $30,000.00 and over for first

trust deed loans, and $20,000.00 and over for junior deeds of trust, except

where the new usury laws apply, the loan broker's commission maximum is:




Master01 | September, 2024/2025 | Latest update

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