Colibri Real Estate Principles Final Exam
Questions And Answers With Verified
Solutions Already Passed Latest
Updated 2024
Anything that is fastened or attached to real property permanently is considered
to be: - ANSWER✔✔Real Property
A quitclaim deed releases all present claims, rights and title of the: -
ANSWER✔✔Grantor
When a creditor wants to satisfy a judgement which was levied against another
person, the creditor would: - ANSWER✔✔Obtain a writ of execution
Before a mechanics lien is effective it must be: - ANSWER✔✔Verified and
recorded
Discrimination by a real estate licensee based on race is: - ANSWER✔✔A violation
of the regulations of the Real Estate Commissioner, against public policy, and
unethical
Upon the signing of a real property sales contract: - ANSWER✔✔An equitable title
passes to purchaser
All California Real Estate Laws are created by: - ANSWER✔✔Acts of the legislature
The 36 sections in a township are numbered from 1 through 36. Section 1 is
located in the: - ANSWER✔✔Northeast corner
Which of the following would be a discriminatory act under the Commissioner's
Regulations? - ANSWER✔✔Posting a sign on the property indicating a preference
for female renters, designing an ad for general circulation appealing to persons of
a specific religion to purchase within a given area, and refusing to list a property
in an area occupied by persons of a race other than the licensee.
, The type of interest usually charged on home loans is: - ANSWER✔✔Simple
A landowner is notified by a railroad company that it plans to cross his property
with a railroad line. If the landowner refuses, the railroad company can proceed
by the use of: - ANSWER✔✔Eminent domain
Title to real property that is transferred by a will is considered: - ANSWER✔✔A
devise
A real estate broker received 40 acres of land valued at $300 per acre as a
commission from the seller. Two weeks after escrow closed, the broker was
offered $400 per acre for the land. If the broker accepts the offer he: -
ANSWER✔✔Will be acting in an acceptable manner
The words "procuring cause" would have an important meaning to which of the
following? - ANSWER✔✔A disputed over commission on an open listing
Which of the following is not an essential element of a contract? -
ANSWER✔✔Performance
Under the Street Improvement Act of 1911, the city is authorized to assess each
owner for the work completed. These improvements are assessed on the basis of:
- ANSWER✔✔Front footage
The real estate tax fiscal year is for the period: - ANSWER✔✔July 1 to July 1
The landmark case of the United States Supreme Court which prohibited
discrimination in housing was: - ANSWER✔✔Jones vs. Mayer
Most real estate syndicates that have been created in California have taken the
form of a: - ANSWER✔✔Limited partnership
Under the California Veterans Home and Farm Purchase Act of 1974, the
purchaser acquired possession through a: - ANSWER✔✔Land Contract
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