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Colibri Real Estate Final Exam With 100% Correct And Verified Answers $13.99   Add to cart

Exam (elaborations)

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-...

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  • November 5, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Colibri Real Estate
  • Colibri Real Estate
avatar-seller
Vendarsol
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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