COLIBRI REAL ESTATE FINAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS A+ GRADED
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Course
COLIBRI REAL ESTATE 30 HOUR PA
Institution
COLIBRI REAL ESTATE 30 HOUR PA
land contract - ANS buyer pays seller to occupy and use property
net lease - ANS buyer pays rent and other expenses
gross lease - ANS buyer pays only rent
goes to heirs - ANS Tenants in common, 2 of 3 people die. Who gets the property of those who died?
Tenant owns it in sev...
, land contract - ANS buyer pays seller to occupy and use property
net lease - ANS buyer pays rent and other expenses
gross lease - ANS buyer pays only rent
goes to heirs - ANS Tenants in common, 2 of 3 people die. Who gets the property of those
who died?
Tenant owns it in severality - ANS Joint Tenancy, 3 of 4 people die. Who gets property of those
K
who died?
Client - ANS Another word for principal
C
race, nat. origin, sex, color, religion, disability, familial status - ANS Protected by Fair Housing
Act
LO
marital status - ANS Not protected by Fair Housing Act
Blockbusting - ANS telling homeowners that property values will be declining because of
ethical/racial makeup is changing
YC
flat, paved parking lot - ANS real estate put to its highest use
puffing - ANS "This is the most prestigious street in town"
$5,000 - ANS maximum fine for first offense
D
name and broker - ANS an individual advertisement needs...
U
statement that they are licensed - ANS a brokerage advertisement needs...
48 hours - ANS if listing is submitted to MLS, must notify customer within...
ST
at their next meeting - ANS Licensee must deliver Consumer Info Statement when...
blanket mortgage - ANS a mortgage that covers 2 parcels of land
tenancy at sufference - ANS lease expires, tenants won't leave
easement in gross - ANS gas company intrudes on land to fix a gas line
the seller - ANS signs the deed at a closing
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