Colibri real estate law - Study guides, Class notes & Summaries

Abstract of TitleA history of the ownership of a parcel of land which lists transfers of title, rights, and liabilities. AccessionThe idea that the owner of land is entitled to all that the soil produces or all that is added to the land either intentionally or by mistake. Trade fixtures not removed are "assessed" by the owner of the property. Ad ValoremA prefix meaning "based on value." Most local governments levy an ad valorem tax on property. Adverse PossessionA method of acquir...

NYS Colibri Real Estate Final Exam Questions and Complete Solutions Expressed Agency - Answer: An agency created in a written or oral agreement General Agent - Answer: One who is authorized by a principal to represent the principal in a specific range of matters Fiduciary - Answer: Person in a position of trust, held by law to high standards of good faith and loyalty Fiduciary Duties - Answer: care, obedience, accounting, loyalty, and disclosure COALD Group Boycott - Answer: An or...

Colibri Real Estate Law Exam Questions and Answers

COLIBRI REAL ESTATE (REAL ESTATE EXPRESS) FINAL EXAM REVIEW(2023/2024 UPDATED)FULLY SOLVED Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty?

Colibri Real Estate Law Questions & Answers | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version 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? Coup...

Colibri Real Estate (Real Estate Express) Final Exam Review Questions and Answers 100% CorrectColibri Real Estate (Real Estate Express) Final Exam Review Questions and Answers 100% CorrectColibri Real Estate (Real Estate Express) Final Exam Review Questions and Answers 100% CorrectColibri Real Estate (Real Estate Express) Final Exam Review Questions and Answers 100% Correct Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being fo...

Colibri Real Estate Exam In a real estate transaction the principal would BEST be described as the - CORRECT ANSWER Person represented by an agent Bert is showing his buyer a home in a historic district. The buyer mentions in passing that she would like to place solar panels on the roof. Beet knows that the homeowners association CC&Rs would prohibit this to protect the historic character of the neighborhood, but he doesn't tell the buyer for fear she'll loose interest in the h...

Colibri Real Estate (Real Estate Express) Final Exam Review Questions and Answers 100% Accurate Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission...

Abandonment Non-payment of taxes Absolute Auction An auction where the property is sold to the highest qualified bidder; there is no minimum bid or reserve or right of confirmation. Also called Without Reserve. Abstract of Title A brief, chronological summary of the recorded documents affecting title to a particular parcel of real property. Acceleration Clause A contract clause giving the lender the right to declare the entire loan amount due immediately because of borrower's defau...

COLIBRI REAL ESTATE (REAL ESTATE EXPRESS) FINAL EXAM REVIEW 2024 Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission plus a bonus to one of her l...