Real Estate Colibri Practice Exam

Which item below can help protect against a home with a listed incorrect street address or legal description in public records? - CORRECT ANSWER-Standard coverage title insurance policy and extended coverage title insurance policy Robert owns his property and enjoys the full bundle of rights. Can he use his property as collateral for debt? - CORRECT ANSWER-Yes. Robert can encumber his property Which location is an industrial coal plant least likely to be located? - CORRECT ANSWER-Adjacent to an elementary school What is the least likely answer needed in a "legal consent" scenario? - CORRECT ANSWER-Contract What is the name used to describe the fact that a client must have consent, free will, and act without duress when entering a contract or business relationship? - CORRECT ANSWER-Legal Consent Mortgage lenders are required to disclose financing costs and annual percentage rate to the borrower under which law or regulation? - CORRECT ANSWER-Truth in Lending Earl orally agreed to an 18-month lease with landlord Blake. Is this contract enforceable? - CORRECT ANSWER-No, all leases for longer than one year must be in writing to be enforceable Jessica can only afford a