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Colibri Real Estate Final Comprehensive Questions And Answers

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COLIBRI REAL ESTATE FINAL COMPREHENSIVE QUESTIONS AND ANSWERS

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COLIBRI REAL ESTATE FINAL COMPREHENSIVE
QUESTIONS AND ANSWERS

◉ net lease.
Answer: buyer pays rent and other expenses


◉ gross lease.
Answer: buyer pays only rent


◉ goes to heirs.
Answer: Tenants in common, 2 of 3 people die. Who gets the
property of those who died?


◉ Tenant owns it in severality.
Answer: Joint Tenancy, 3 of 4 people die. Who gets property of those
who died?


◉ Client.
Answer: Another word for principal


◉ race, nat. origin, sex, color, religion, disability, familial status.
Answer: Protected by Fair Housing Act

, ◉ marital status.
Answer: Not protected by Fair Housing Act


◉ Blockbusting.
Answer: telling homeowners that property values will be declining
because of ethical/racial makeup is changing


◉ flat, paved parking lot.
Answer: real estate put to its highest use


◉ puffing.
Answer: "This is the most prestigious street in town"


◉ $5,000.
Answer: maximum fine for first offense


◉ name and broker.
Answer: an individual advertisement needs...


◉ statement that they are licensed.
Answer: a brokerage advertisement needs...

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