Exam (elaborations)
Colibri Real Estate Final Exam Questions And Answers With Verified Solutions Already Passed!!!
- Course
- Institution
Colibri Real Estate Final Exam Questions And Answers With Verified Solutions Already Passed!!!
[Show more]
Content preview
Colibri Real Estate Final ExamQuestions And Answers With Verified
Solutions Already Passed!!!
land contract - ANSWER✔✔buyer pays seller to occupy and use property
net lease - ANSWER✔✔buyer pays rent and other expenses
gross lease - ANSWER✔✔buyer pays only rent
goes to heirs - ANSWER✔✔Tenants in common, 2 of 3 people die. Who gets the
property of those who died?
Tenant owns it in severality - ANSWER✔✔Joint Tenancy, 3 of 4 people die. Who
gets property of those who died?
Client - ANSWER✔✔Another word for principal
race, nat. origin, sex, color, religion, disability, familial status -
ANSWER✔✔Protected by Fair Housing Act
marital status - ANSWER✔✔Not protected by Fair Housing Act
Blockbusting - ANSWER✔✔telling homeowners that property values will be
declining because of ethical/racial makeup is changing
flat, paved parking lot - ANSWER✔✔real estate put to its highest use
puffing - ANSWER✔✔"This is the most prestigious street in town"
$5,000 - ANSWER✔✔maximum fine for first offense
name and broker - ANSWER✔✔an individual advertisement needs...
, statement that they are licensed - ANSWER✔✔a brokerage advertisement
needs...
48 hours - ANSWER✔✔if listing is submitted to MLS, must notify customer
within...
at their next meeting - ANSWER✔✔Licensee must deliver Consumer Info
Statement when...
blanket mortgage - ANSWER✔✔a mortgage that covers 2 parcels of land
tenancy at sufference - ANSWER✔✔lease expires, tenants won't leave
easement in gross - ANSWER✔✔gas company intrudes on land to fix a gas line
the seller - ANSWER✔✔signs the deed at a closing
listing agreement - ANSWER✔✔least likely to require a legal description
let the client know - ANSWER✔✔agent takes on a listing, decides to buy house for
themselves
honesty - ANSWER✔✔Open house, declined agency relationship... What does the
agent owe the person?
disclose it to the buyers - ANSWER✔✔leak in the house, seller is trying to hide it
but the agent finds it
listings stay with brokerage - ANSWER✔✔agent switches brokerages, what
happens to their listings?
net listing - ANSWER✔✔a seller wants a certain amount, the rest of the money
goes to the agent as commission
redlining - ANSWER✔✔refusing to make loans in a minority neighborhood
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller classhub. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80189 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now