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Colibri Real Estate Practice Final Exam Questions With Complete Solutions
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Colibri Real Estate Practice Final Exam Questions With Complete Solutions
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Colibri Real Estate Practice Final Exam Questions WithComplete Solutions
"This property has the best view in the entire county." This
statement is an example of Correct Answers Puffing
160 County Drive has 4 acres of open pasture and a 1,900
square foot home. The home has 2 bedrooms and 4 bathrooms.
Call 555-555-5555 now for information! What is missing from
this advertisement that makes it a blind ad? Correct Answers
The brokers identification.
A broker induces an owner to sell by telling him that Muslims
are moving into the neighborhood. This broker is guilty of
Correct Answers blockbusting
A buyer told broker Lena that she wants to move to Cuban
neighborhood. Then the buyer asked if Lena could show her the
best home in a Cuban area. How should Lena respond to this
request? Correct Answers Lena should explain to the buyer that
she ethically and legally cannot recommend housing based on
national origin.
A cooperative is Correct Answers a type of residential
property.
A property has a Gross Income Multiplier of 14, and value of
$800,000. What is its annual income? Correct Answers
$57,143
, A seller decided to back out of a sales contract for no good
reason. What recourse does the buyer have? Correct Answers
To sue for specific performance.
A tenant who stays beyond his lease without consent of the
landlord is known as Correct Answers A tenant at sufferance
A town is replacing a sidewalk that serves eight homes. The
length of the sidewalk is 900 feet. Laura's property has 60 feet of
the sidewalk. If the cost of the project to be paid by a special
assessment is $18,000, what will Laura's assessment be?
Correct Answers $1,200
A type of mortgage which allows the lender to increase the
outstanding balance of a loan up to the original amount of the
loan in order to advance additional funds is called an Correct
Answers open-end mortgage
A written pledge by a lender to lend a certain amount of money
to a qualified borrower on a particular piece of real estate for a
specified time under specific terms is a(n) Correct Answers
Conditional Approval
A(n) ________ contract is one that unduly favors the party with
superior bargaining power. Correct Answers Unconscionable
A(n) ________ is one that conflicts with the ordinances that
were enacted after the use commenced. Correct Answers Legal
nonconforming use
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