Colibri Real Estate Final Exam With 100% Correct And Verified Answers
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Course
Colibri Real Estate
Institution
Colibri Real Estate
Colibri Real Estate Final Exam With 100% Correct And Verified Answers
land contract - Correct Answer-buyer pays seller to occupy and use property
net lease - Correct Answer-buyer pays rent and other expenses
gross lease - Correct Answer-buyer pays only rent
goes to heirs - Correct Answer-...
Colibri Real Estate Final Exam With
100% Correct And Verified Answers
land contract - Correct Answer-buyer pays seller to occupy and use
property
net lease - Correct Answer-buyer pays rent and other expenses
gross lease - Correct Answer-buyer pays only rent
goes to heirs - Correct Answer-Tenants in common, 2 of 3 people
die. Who gets the property of those who died?
Tenant owns it in severality - Correct Answer-Joint Tenancy, 3 of 4
people die. Who gets property of those who died?
Client - Correct Answer-Another word for principal
race, nat. origin, sex, color, religion, disability, familial status -
Correct Answer-Protected by Fair Housing Act
marital status - Correct Answer-Not protected by Fair Housing Act
Blockbusting - Correct Answer-telling homeowners that property
values will be declining because of ethical/racial makeup is changing
flat, paved parking lot - Correct Answer-real estate put to its highest
use
puffing - Correct Answer-"This is the most prestigious street in
town"
$5,000 - Correct Answer-maximum fine for first offense
Vendarsol
, name and broker - Correct Answer-an individual advertisement
needs...
statement that they are licensed - Correct Answer-a brokerage
advertisement needs...
48 hours - Correct Answer-if listing is submitted to MLS, must
notify customer within...
at their next meeting - Correct Answer-Licensee must deliver
Consumer Info Statement when...
blanket mortgage - Correct Answer-a mortgage that
covers 2 parcels of land
tenancy at sufference - Correct Answer-lease
expires, tenants won't leave
easement in gross - Correct Answer-gas company
intrudes on land to fix a gas line
the seller - Correct Answer-signs the deed at a
closing
listing agreement - Correct Answer-least likely to
require a legal description
let the client know - Correct Answer-agent takes on
a listing, decides to buy house for themselves
honesty - Correct Answer-Open house, declined agency relationship...
What does the agent owe the person?
disclose it to the buyers - Correct Answer-leak in the house, seller is trying
to hide it but the agent finds it
Vendarsol
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