COLIBRI REAL ESTATE EXAM STUDY SHEET COMPLETE QUESTIONS ACCURATE
SOLUTIONS
Colibri REAL Estate Actual EXAM Script 2026/2027
Questions and Answers Verified Solutions Latest
Update
Question:
What is the primary consequence if a property use violates a zoning ordinance? The property taxes
increase. The improvements must be removed. The title becomes unmarketable. The owner forfeits
title.
Answer:
The title becomes unmarketable.
Question:
The legal concept of land does NOT include: the surface of the earth. minerals below the surface of
the earth. trees and grass. improvements.
Answer:
improvements.
Question:
Littoral rights concern which of the following bodies of water? Lakes entirely contained within the
boundaries of an owner's property Streams and rivers Navigable lakes, seas, and oceans Navigable
streams and rivers.
Answer:
Navigable lakes, seas, and oceans
Question:
The "bundle of rights" refers to a set of rights: enjoyed by the owner of a property. that is
inseparable from a parcel of real estate. guaranteed to citizens by the Declaration of Independence
specified in a deed or land contract.
,Answer:
enjoyed by the owner of a property.
Question:
Real property can be converted into personal property through the process of severance accession
affixation inference.
Answer:
severance
Question:
What is the primary criterion for determining whether an item is real or personal property? Cost of
the item in relation to the cost of the main item of property Permanent attachment to land or
structures Size of the item Documentation of how the item was acquired.
Answer:
Permanent attachment to land or structures
Question:
The legal concept of land does NOT include: the surface of the earth. minerals below the surface of
the earth trees and grass. improvements.
Answer:
improvements.
Question:
Which of the following is considered to be real property? Natural things movable by law Notes
secured by mortgages on real estate House plants Permanent fixtures.
Answer:
Permanent fixtures
, Question:
A lease is an example of a(n) transfer of a portion of the bundle of rights. encroachment on the
bundle of rights. transfer of the complete bundle of rights. transfer of surface rights.
Answer:
transfer of a portion of the bundle of rights.
Question:
Which of the following is NOT an economic characteristic of land? Transferability Immobility
Demand for the area Utility of the land.
Answer:
Immobility
Question:
Which would NOT be considered real property? House Mineral rights Air rights Trade fixtures.
Answer:
Trade fixtures
Question:
How does the judicial system influence real estate ownership? By passing regulatory laws By
enforcing zoning ordinances and building codes By setting a code of ethics for licensees to follow
By making decisions in cases based on common law and prior court decisions.
Answer:
By making decisions in cases based on common law and prior court decisions
Question:
What is characteristic of the allodial system of ownership? The government owns the land.
Individuals own land directly. All land ownership is absolute and without limitations. Individuals
have only temporary use of land.
Answer:
SOLUTIONS
Colibri REAL Estate Actual EXAM Script 2026/2027
Questions and Answers Verified Solutions Latest
Update
Question:
What is the primary consequence if a property use violates a zoning ordinance? The property taxes
increase. The improvements must be removed. The title becomes unmarketable. The owner forfeits
title.
Answer:
The title becomes unmarketable.
Question:
The legal concept of land does NOT include: the surface of the earth. minerals below the surface of
the earth. trees and grass. improvements.
Answer:
improvements.
Question:
Littoral rights concern which of the following bodies of water? Lakes entirely contained within the
boundaries of an owner's property Streams and rivers Navigable lakes, seas, and oceans Navigable
streams and rivers.
Answer:
Navigable lakes, seas, and oceans
Question:
The "bundle of rights" refers to a set of rights: enjoyed by the owner of a property. that is
inseparable from a parcel of real estate. guaranteed to citizens by the Declaration of Independence
specified in a deed or land contract.
,Answer:
enjoyed by the owner of a property.
Question:
Real property can be converted into personal property through the process of severance accession
affixation inference.
Answer:
severance
Question:
What is the primary criterion for determining whether an item is real or personal property? Cost of
the item in relation to the cost of the main item of property Permanent attachment to land or
structures Size of the item Documentation of how the item was acquired.
Answer:
Permanent attachment to land or structures
Question:
The legal concept of land does NOT include: the surface of the earth. minerals below the surface of
the earth trees and grass. improvements.
Answer:
improvements.
Question:
Which of the following is considered to be real property? Natural things movable by law Notes
secured by mortgages on real estate House plants Permanent fixtures.
Answer:
Permanent fixtures
, Question:
A lease is an example of a(n) transfer of a portion of the bundle of rights. encroachment on the
bundle of rights. transfer of the complete bundle of rights. transfer of surface rights.
Answer:
transfer of a portion of the bundle of rights.
Question:
Which of the following is NOT an economic characteristic of land? Transferability Immobility
Demand for the area Utility of the land.
Answer:
Immobility
Question:
Which would NOT be considered real property? House Mineral rights Air rights Trade fixtures.
Answer:
Trade fixtures
Question:
How does the judicial system influence real estate ownership? By passing regulatory laws By
enforcing zoning ordinances and building codes By setting a code of ethics for licensees to follow
By making decisions in cases based on common law and prior court decisions.
Answer:
By making decisions in cases based on common law and prior court decisions
Question:
What is characteristic of the allodial system of ownership? The government owns the land.
Individuals own land directly. All land ownership is absolute and without limitations. Individuals
have only temporary use of land.
Answer:
