colibri real estate law.pdf file:///C:/Users/HP/Desktop/TYPA%20NEW/colibri%20real%20esta
COLIBRI REAL ESTATE LAW
1. The discovery step of civil cases is where the
parties use a mediator.
the complaint is filed.
each party presents their case.
each party gathers information from each other and third parties.
ANS each party gathers information from each other and third parties.
2. What phrase could a licensee use in advertising that would not discriminate on the basis
of familial status?
Couples only Empty
nesters
No bicycles allowed
Senior discount
ANS Senior discount
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3. Who is charged with the responsibility of making sure that owners do not use their
property in a way that will harm the public?
The Real Estate Commission The
HOA
The government
The zoning committee
ANS The HOA
4. What type of residential survey, also called a drive-by survey, is designed to show the
location of the house and other large structures on the property? A house location survey
A cadastral land survey A
site survey
A boundary survey
ANS A house location survey
5. What type of lien is one placed against any and all real and personal property
owned by a particular debtor?
A specific lien A
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general lien A
senior lien
A junior lien
ANS A general lien
6. What describes when a borrower requests that the lender replace him or her on the loan
instrument with a new buyer who must go through a process of full substitution?
Restoration Novation
Successor Renewal
ANS Novation
7. When working with any client, the broker's job is to protect
the broker's interest.
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protect the client's interest. get
the best price.
establish a good rapport.
ANS protect the client's interest.
8. In creating a joint tenancy, there are four unities. Which of the following is NOT one of
the four?
Unity of Time
Unity of Possession Unity of
Interest
Unity of Origination
ANS Unity of Origination
9. The collection of Roman law contributed the model for which type of law? Civil law
Criminal law
Case law
Common law
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