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COLIBRI REAL ESTATE PRINCIPLES FINAL EXAM (LATEST) QUESTIONS WITH COMPLETE SOLUTIONS!!
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COLIBRI REAL ESTATE PRINCIPLES FINAL EXAM (LATEST) QUESTIONS WITH COMPLETE SOLUTIONS!!
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COLIBRI REAL ESTATEPRINCIPLES FINAL
EXAM (LATEST)
QUESTIONS WITH
COMPLETE
SOLUTIONS!!
Evatee 9/25/24 COLIBRI REAL ESTATE
,COLIBRI REAL ESTATE PRINCIPLES FINAL
EXAM (LATEST) QUESTIONS WITH COMPLETE
SOLUTIONS!!
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? Answer - 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? Answer - 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 Answer - 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? Answer - 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? Answer - 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:
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