Colibri School Exam NJ Questions And Answers Latest Updates
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Module
Colibri School
Institution
Colibri School
Danita gets a deed of trust from ABC bank to finance the purchase of a house in Sunny
Acres, a new subdivision. While the loan is outstanding, who holds the title to Danita
property? - ️️A trustee
Which situation is NOT EXEMPT from the provisions of federal fair housing laws,
assuming no di...
Colibri School Exam NJ
Danita gets a deed of trust from ABC bank to finance the purchase of a house in Sunny
Acres, a new subdivision. While the loan is outstanding, who holds the title to Danita
property? - ✔️✔️A trustee
Which situation is NOT EXEMPT from the provisions of federal fair housing laws,
assuming no discriminatory advertising is used and a licensee is not involved? -
✔️✔️Barb is an owner-occupant of a duplex who will lease the other unit only to a
white woman
In a real estate transaction the principal would BEST be described as the -
✔️✔️Person represented by an agent
Bert is showing his buyer a home in a historic district. The buyer mentions in passing
that she would like to place solar panels on the roof. Beet knows that the homeowners
association CC&Rs would prohibit this to protect the historic character of the
neighborhood, but he doesn't tell the buyer for fear she'll loose interest in the house.
Bert has committed - ✔️✔️Actual fraud
Which of these phrases would LEAST likely be evidence of a conspiracy to commit an
antitrust violation if said by a licensee? - ✔️✔️"We would like to suggest that you use
Ace Title Agency for the closing."
Which lease tenancy is engaged in by a holdover tenant? - ✔️✔️tenancy at sufferance
An acceleration clause in a mortgage allows the lender to - ✔️✔️Declare the loan due if
the buyer defaults
Luke is Marks listing agent. Mark agrees that Luke can pay 3% to a cooperating broker.
Licensee Lisa introduces buyer customer Bev to Mark's property. When Bev decides to
make an offer on the house, she calls Luke directly. Luke refuses to pay Lisa any
commission. Lisa could argue that she is entitled to a commission because she is the -
✔️✔️Procuring cause
Procuring Cause - ✔️✔️
RESPA applies to ___________ financed by a federally regulated loan. - ✔️✔️one- to
four-family residences.
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