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Exam- Colorado Real Estate Exam Prep|140 Questions and Answers
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Exam- Colorado Real Estate Exam Prep|140 Questions and Answers
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Exam- Colorado Real Estate Exam Prep|140 Questionsand Answers
Title Theory Correct Answer-lender owns, borrower has equitable title
Hypothecation Correct Answer-pledging property as collateral for a loan without giving up
possession
Mortgagee Correct Answer-Lender
Mortgagor Correct Answer-borrower
Non Judicial foreclosure Correct Answer-*CO: Public trustee has power to foreclose
1.Lender complains 2. Notice given 3. trustee sells after 125 days
Strict foreclosure Correct Answer-No sale.
Full legal title given to lender, loss of equity for borrower
Judicial foreclosure Correct Answer-done through courts in *Title Theory states
, Exam- Colorado Real Estate Exam Prep|140 Questions
and Answers
Conversion Correct Answer-illegal use of entrusted money
Comingling Correct Answer-mixing client monies or mixing with personal monies
Express Agency Correct Answer-Actual, formal written agreement establishing terms and
conditions
Gross Income Multiplyer Correct Answer-=sale price/gross ANNUAL income
large rental or commercial property
Government deed limitations Correct Answer-Police power
eminent domain
taxation
escheat
, Exam- Colorado Real Estate Exam Prep|140 Questions
and Answers
Private deed limitations Correct Answer-deed restrictions
mortgages
leases
easements
Tennancy at Sufference Correct Answer-tenant has remained past lease terms
can be evicted
Township squares Correct Answer-6x6 mi wide squares
Periodic Tenancy Correct Answer-No specific duration but notice must be given
ex. week to week, month to month
Tenancy for years Correct Answer-specific time limit
no notice to vacate unless written in
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