COLIBRI REAL ESTATE REAL ESTATE EXPRESS COMPREHENSIVE EXAM SCRIPT
COMPLETE QUESTIONS VERIFIED SOLUTIONS
Colibri REAL Estate REAL Estate Express Final
EXAM Updated Script Questions and Answers
Verified Solutions Latest Update 2026/2027
Question:
Accession.
Answer:
The 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.
Question:
Ad Valorem.
Answer:
A prefix meaning "based on value." Most local governments levy an ad valorem tax on property.
Question:
Adverse Possession.
Answer:
A method of acquiring original title to property by open, notorious and hostile possession for a
statutory period of time; also referred to as prescription. Poach.
Question:
Alienation Clause.
Answer:
A provision in a mortgage requiring full payment of the debt upon the transfer of title to the
property, due on sale. Prevents loan assumptions.
,Question:
Allodial Rights.
Answer:
The free and full ownership of rights in land by individuals, which is the basis of real property in the
United States.
Question:
Appurtenance.
Answer:
Any right or privilege which belongs to and passes with land.
Question:
Arm's Length Transaction.
Answer:
Occurs between willing buyer and willing seller with each party completely knowledgeable about
the market.
Question:
Arrears.
Answer:
Not on time; late in making payments or completing work. Interest is paid in arrears.
Question:
Attestation.
Answer:
The act of witnessing a person's signing of an instrument by a notary public.
, Question:
Attorney's Opinion of Title.
Answer:
A statement issued by an attorney after analyzing an abstract as to quality of title.
Question:
Avulsion.
Answer:
Occurs in cases where there is a sudden loss of land through nature.
Question:
Balloon Payment.
Answer:
The remaining balance, at maturity, on a loan that has not been completely repaid through periodic
payments. Once paid, the outstanding balance is zero. Partially amortized loan.
Question:
Bargain and Sale Deed.
Answer:
An instrument conveying title which recites a valuable consideration and commonly uses the words
"bargain and sale" or words of similar import.
Question:
Bilateral Contract.
Answer:
A contract in which a promise is given for the promise of another. It becomes binding when mutual
promises are communicated. (A real estate contract).
COMPLETE QUESTIONS VERIFIED SOLUTIONS
Colibri REAL Estate REAL Estate Express Final
EXAM Updated Script Questions and Answers
Verified Solutions Latest Update 2026/2027
Question:
Accession.
Answer:
The 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.
Question:
Ad Valorem.
Answer:
A prefix meaning "based on value." Most local governments levy an ad valorem tax on property.
Question:
Adverse Possession.
Answer:
A method of acquiring original title to property by open, notorious and hostile possession for a
statutory period of time; also referred to as prescription. Poach.
Question:
Alienation Clause.
Answer:
A provision in a mortgage requiring full payment of the debt upon the transfer of title to the
property, due on sale. Prevents loan assumptions.
,Question:
Allodial Rights.
Answer:
The free and full ownership of rights in land by individuals, which is the basis of real property in the
United States.
Question:
Appurtenance.
Answer:
Any right or privilege which belongs to and passes with land.
Question:
Arm's Length Transaction.
Answer:
Occurs between willing buyer and willing seller with each party completely knowledgeable about
the market.
Question:
Arrears.
Answer:
Not on time; late in making payments or completing work. Interest is paid in arrears.
Question:
Attestation.
Answer:
The act of witnessing a person's signing of an instrument by a notary public.
, Question:
Attorney's Opinion of Title.
Answer:
A statement issued by an attorney after analyzing an abstract as to quality of title.
Question:
Avulsion.
Answer:
Occurs in cases where there is a sudden loss of land through nature.
Question:
Balloon Payment.
Answer:
The remaining balance, at maturity, on a loan that has not been completely repaid through periodic
payments. Once paid, the outstanding balance is zero. Partially amortized loan.
Question:
Bargain and Sale Deed.
Answer:
An instrument conveying title which recites a valuable consideration and commonly uses the words
"bargain and sale" or words of similar import.
Question:
Bilateral Contract.
Answer:
A contract in which a promise is given for the promise of another. It becomes binding when mutual
promises are communicated. (A real estate contract).
