Colibri Real Estate Law
The discovery phase in civil cases involves: - The parties using a mediator. - Filing the complaint. - Each party presenting their case. - ️ Each party gathering information from each other and third parties.
In advertising, a licensee can use the phrase that d...
- ✔️ Each party gathering information from each other and third parties.
In advertising, a licensee can use the phrase that does not discriminate based on familial status:
- Couples only
- Empty nesters
- No bicycles allowed
- ✔️ Senior discount
Who is responsible for ensuring property owners don’t misuse their property in ways harmful to the
public?
- The Real Estate Commission
- The HOA
- The government
- The zoning committee
- ✔️ The HOA
What type of residential survey, also known as a drive-by survey, shows the location of a house and
large structures on the property?
- A house location survey
- A cadastral land survey
- A site survey
- A boundary survey
,- ✔️ A house location survey
What lien applies to all real and personal property owned by a debtor?
- A specific lien
- ✔️ A general lien
- A senior lien
- A junior lien
What is the term for when a borrower asks the lender to replace them on the loan with a new buyer
who must undergo full substitution?
- Restoration
- ✔️ Novation
- Successor
- Renewal
When working with clients, the broker's primary responsibility is to:
- Protect the broker's interest.
- ✔️ Protect the client's interest.
- Get the best price.
- Establish a good rapport.
In establishing joint tenancy, which of the following is NOT one of the four unities?
- Unity of Time
- Unity of Possession
- Unity of Interest
- ✔️ Unity of Origination
Which law type reflects the influence of Roman law?
- ✔️ Civil law
, - Criminal law
- Case law
- Common law
In the California Civil Code regarding mobile home residency, what describes a homeowner's right to use
their site in a mobile home park?
- Leasehold
- Specific use
- ✔️ Tenancy
- Propriety
Who is the chief executive of the California Department of Real Estate?
- The CEO of CalDRE
- ✔️ The California Real Estate Commissioner
- The California Executive Branch
- The Chief Executive Officer of California
What have lenders created to protect borrowers from unlimited interest rate increases?
- Mortgage caps
- ✔️ Rate caps
- Payment caps
- Amortization caps
What type of contract arises from mutual agreement and intent without being expressed in words?
- An unconscionable contract
- An aleatory contract
- ✔️ An implied contract
- A unilateral contract
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