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Colibri Real Estate Final Exam Questions and Answers 2024/2025 $9.99   Add to cart

Exam (elaborations)

Colibri Real Estate Final Exam Questions and Answers 2024/2025

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  • Course
  • Colibri Real Estate
  • Institution
  • Colibri Real Estate

buyer pays seller to occupy and use property → land contract buyer pays rent and other expenses → net lease buyer pays only rent → gross lease Tenants in common, 2 of 3 people die. Who gets the property of those who died? → goes to heirs Joint Tenancy, 3 of 4 people die. Who gets pr...

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  • October 15, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Colibri Real Estate
  • Colibri Real Estate
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2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!


Colibri Real Estate Final Exam Questions
and Answers 2024/2025
buyer pays seller to occupy and use property

→ land contract


buyer pays rent and other expenses

→ net lease


buyer pays only rent

→ gross lease


Tenants in common, 2 of 3 people die. Who gets the property of those who died?

→ goes to heirs


Joint Tenancy, 3 of 4 people die. Who gets property of those who died?


→ Tenant owns it in severality


Another word for principal

→ Client


Protected by Fair Housing Act

→ race, nat. origin, sex, color, religion, disability, familial status


Not protected by Fair Housing Act




1|Page| GradeA+ | 2 0 0 2 5

, 2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!

→ marital status


telling homeowners that property values will be declining because of ethical/racial makeup is

changing

→ Blockbusting


real estate put to its highest use

→ flat, paved parking lot


"This is the most prestigious street in town"


→ puffing


maximum fine for first offense

→ $5,000


an individual advertisement needs...

→ name and broker


a brokerage advertisement needs...

→ statement that they are licensed


if listing is submitted to MLS, must notify customer within...


→ 48 hours


Licensee must deliver Consumer Info Statement when...



1|Page| GradeA+ | 2 0 0 2 5

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