COLIBRI REAL ESTATE FINAL EXAM 2024 WITH 100% CORRECT 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 Tenant...
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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
listings stay with brokerage - correct answer✔✔ agent switches brokerages, what happens to their
listings?
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