COLIBRI REAL ESTATE FINAL EXAM 2024 WITH 100% CORRECT ANSWERS
land contract - correct answer buyer pays seller to occupy and use property
net lease - correct answer buyer pays rent and other expenses
gross lease - correct answer buyer pays only rent
goes to heirs - correct answer Tenant...
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COLIBRI REAL ESTATE FINAL EXAM
2024 WITH 100% CORRECT ANSWERS
land contract - correct answer✔✔ buyer pays seller to occupy and use property
net lease - correct answer✔✔ buyer pays rent and other expenses
gross lease - correct answer✔✔ buyer pays only rent
goes to heirs - correct answer✔✔ Tenants in common, 2 of 3 people die. Who gets the property of those
who died?
Tenant owns it in severality - correct answer✔✔ Joint Tenancy, 3 of 4 people die. Who gets property of
those who died?
Client - correct answer✔✔ Another word for principal
race, nat. origin, sex, color, religion, disability, familial status - correct answer✔✔ Protected by Fair
Housing Act
marital status - correct answer✔✔ Not protected by Fair Housing Act
Blockbusting - correct answer✔✔ telling homeowners that property values will be declining because of
ethical/racial makeup is changing
flat, paved parking lot - correct answer✔✔ real estate put to its highest use
puffing - correct answer✔✔ "This is the most prestigious street in town"
, $5,000 - correct answer✔✔ maximum fine for first offense
name and broker - correct answer✔✔ an individual advertisement needs...
statement that they are licensed - correct answer✔✔ a brokerage advertisement needs...
48 hours - correct answer✔✔ if listing is submitted to MLS, must notify customer within...
at their next meeting - correct answer✔✔ Licensee must deliver Consumer Info Statement when...
blanket mortgage - correct answer✔✔ a mortgage that covers 2 parcels of land
easement in gross - correct answer✔✔ gas company intrudes on land to fix a gas line
the seller - correct answer✔✔ signs the deed at a closing
listing agreement - correct answer✔✔ least likely to require a legal description
let the client know - correct answer✔✔ agent takes on a listing, decides to buy house for themselves
honesty - correct answer✔✔ Open house, declined agency relationship... What does the agent owe the
person?
disclose it to the buyers - correct answer✔✔ leak in the house, seller is trying to hide it but the agent
finds it
listings stay with brokerage - correct answer✔✔ agent switches brokerages, what happens to their
listings?
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