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colibri real estate law Exam|100 Questions and Answers
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colibri real estate law Exam|100Questions and Answers
The discovery step of civil cases is where
the parties use a mediator.
the complaint is filed.
each party presents their case.
each party gathers information from each other and third parties. - -each
party gathers information from each other and third parties.
- What phrase could a licensee use in advertising that would not
discriminate on the basis of familial status?
Couples only
Empty nesters
No bicycles allowed
Senior discount - -Senior discount
- Who is charged with the responsibility of making sure that owners do not
use their property in a way that will harm the public?
The Real Estate Commission
The HOA
The government
The zoning committee - -The HOA
- What type of residential survey, also called a drive-by survey, is designed
to show the location of the house and other large structures on the property?
A house location survey
A cadastral land survey
A site survey
A boundary survey - -A house location survey
- What type of lien is one placed against any and all real and personal
property owned by a particular debtor?
A specific lien
A general lien
A senior lien
A junior lien - -A general lien
- What describes when a borrower requests that the lender replace him or
her on the loan instrument with a new buyer who must go through a process
of full substitution?
Restoration
Novation
Successor
,Renewal - -Novation
- When working with any client, the broker's job is to
protect the broker's interest.
protect the client's interest.
get the best price.
establish a good rapport. - -protect the client's interest.
- In creating a joint tenancy, there are four unities. Which of the following is
NOT one of the four?
Unity of Time
Unity of Possession
Unity of Interest
Unity of Origination - -Unity of Origination
- The collection of Roman law contributed the model for which type of law?
Civil law
Criminal law
Case law
Common law - -Civil law
- What term, in the California Civil Code addressing mobile home residency,
describes the right of a homeowner to use the site within a mobile home
park?
Leasehold
Specific use
Tenancy
Propriety - -Tenancy
- Who serves as the chief executive of the Department of Real Estate in
California?
The CEO of CalDRE
The California Real Estate Commissioner
The California Executive Branch
The Chief Executive Officer of California - -The California Real Estate
Commissioner
- What have lenders established to protect borrowers from unlimited
increases in the interest rate?
Mortgage caps
Rate caps
Payment caps
Amortization caps - -Rate caps
, - What type of contract consists of obligations arising from a mutual
agreement and intent to promise where the agreement and promise have
not been expressed in words?
An unconscionable contract
An aleatory contract
An implied contract
A unilateral contract - -An implied contract
- Who are the primary regulatory entities of the real estate business?
The real estate commission
Local governments
State governments
City governments - -State governments
- The rectangular survey system divides a township into thirty six squares
called
blocks.
sections.
parcels.
lots. - -sections.
- What describes plants or crops that are considered personal property since
human intervention is necessary for planting and harvesting?
Appurtenances
Conservation
Fodder
Emblements - -Emblements
- What doctrine states that if a property owner is lax in protecting his or her
rights, the property owner may lose those rights?
The Doctrine of Reapportionment
The Doctrine of Laches
The Act of State Doctrine
The Cumulative Rights Doctrine - -The Doctrine of Laches
- Who sets the amount or rate of real estate commissions?
The real estate board
The escrow agent
The lender
The broker - -The broker
- 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.
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