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Colibri School Exam NJ with Verified Answers Graded A+
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Colibri School Exam NJ with Verified Answers Graded A+ 1. In a real estate transaction the principal would BEST be described as the Person represent- ed by an agent 2. Bert is showing his buyer a home in a historic district. Actual fraud The buyer mentions in passing that she would like to p...

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  • September 9, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • colibri school exam nj with verified answers

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Colibri School Exam NJ with Verified Answers Graded A+

1. In a real estate transaction the principal would BEST Person represent-
be described as the ed by an agent

2. Bert is showing his buyer a home in a historic district. Actual fraud
The buyer mentions in passing that she would like to
place solar panels on the roof. Beet knows that the
homeowners association CC&Rs would prohibit this
to protect the historic character of the neighborhood,
but he doesn't tell the buyer for fear she'll loose inter-
est in the house. Bert has committed

3. Which situation is NOT EXEMPT from the provisions Barb is an own-
of federal fair housing laws, assuming no discrimi- er-occupant of a
natory advertising is used and a licensee is not in- duplex who will
volved? lease the other
unit only to a white
woman

4. Danita gets a deed of trust from ABC bank to finance A trustee
the purchase of a house in Sunny Acres, a new sub-
division. While the loan is outstanding, who holds the
title to Danita property?

5. Which of these phrases would LEAST likely be evi- "We would like
dence of a conspiracy to commit an antitrust violation to suggest that
if said by a licensee? you use Ace Ti-
tle Agency for the
closing."

6. Which lease tenancy is engaged in by a holdover tenancy at suffer-
tenant? ance

7. RESPA applies to financed by a federally one- to four-family
regulated loan. residences.

8. An acceleration clause in a mortgage allows the Declare the loan
lender to due if the buyer de-
faults

9. $962
1/2

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