COLIBRI REAL ESTATE LAW NEWEST
EXAM LATEST 2024/2025 WITH
ACTUAL QUESTIONS AND CORRECT
VERIFIED (DETAILED)
ANSWERS/ALREADY GRADED A+
Abigail has an inheritance tax lien placed on all of her property. What kind of a lien is it?
Voluntary General
Involuntary Specific
Involuntary General
Voluntary Specific - ✔✔ANSW✔✔..Voluntary General
Arbitration is an out of court settlement procedure where
the third party has the power to make a binding decision.
the third party attempts to create a compromise.
the third party conducts a discovery.
the third party consults with the judge. - ✔✔ANSW✔✔..the third party has the power to
make a binding decision.
California requires that deaths that occurred within the past three years be disclosed
unless an occupant of the property dies with, or as a result of,
cancer.
leukemia.
environmental factors.
AIDS. - ✔✔ANSW✔✔..AIDS.
Civil law is different from criminal law in all of the following areas EXCEPT
concerns.
rights.
parties filing.
goals. - ✔✔ANSW✔✔..goals.
How many days notice must a month-to-month tenant give prior to vacating the
property?
,60
90
75
30 - ✔✔ANSW✔✔..30
How many years can an attachment lien be extended after the original 3 years?
3 years
2 years
4 years
6 years - ✔✔ANSW✔✔..2 years
If a broker has compensated a non-licensed person for activities that he or she is not
licensed for, the broker is guilty of
criminal offense.
a felony.
burglary.
a misdemeanor. - ✔✔ANSW✔✔..a misdemeanor.
If a buyer defaults on a CAR Residential Purchase Agreement and cannot complete the
purchase, the seller will retain the deposit paid by the buyer as long as it is not more
than
5% of the purchase price.
10% of the purchase price.
3% of the purchase price.
15% of the purchase price. - ✔✔ANSW✔✔..3% of the purchase price.
If a person believes he or she has been discriminated against, within what period of
time of the alleged act must a complaint be filed with HUD?
60 days
2 years
1 year
6 months - ✔✔ANSW✔✔..1 year
If a person dies with no heirs and no one qualified to receive the property, what power
will the state use to claim the property?
Escheat
Eminent domain
Sovereignty
Incentive - ✔✔ANSW✔✔..Escheat
If a seller declines to show a property to a minority he or she could be sued for violating
HUD.
fair housing laws.
the Equal Opportunity Act.
RESPA. - ✔✔ANSW✔✔..fair housing laws.
, If an affiliated licensee terminates or transfers to another broker, within how many days
of termination must a broker notify the DRE through it's Elicensing system, or in writing,
and return the licensee's license to the licensee?
5 days
14 days
10 days
3 days - ✔✔ANSW✔✔..5 days
If the interest-holder enjoys the right of possession of land, the party is considered to
have
eminent domain.
a leasehold estate.
an encumbrance.
an estate in land. - ✔✔ANSW✔✔..an estate in land.
In a CAR Residential Purchase Agreement, who is responsible for repairing any
damages that occur as a result of inspections?
The seller
The broker
The buyer
The inspector - ✔✔ANSW✔✔..The buyer
In a deed of trust, the three parties to the loan are the borrower, the lender and
the broker.
the trustee.
the seller.
the licensee. - ✔✔ANSW✔✔..the trustee.
In a foreclosure suit, what gives public notice that a mortgaged property may soon have
a judgment issued against it?
A deficiency judgment
A mortgage acceleration
Lis Pendens
A habendum notice - ✔✔ANSW✔✔..Lis Pendens
In a real estate transaction, who is the decision maker on all things?
The broker
The buyer
The client
The seller - ✔✔ANSW✔✔..The client
In California, non-judicial foreclosure lenders cannot start the foreclosure process for
how many days after contacting a borrower to conduct a Foreclosure Avoidance
Assessment to attempt to avoid a foreclosure?
10
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