COLIBRI REAL ESTATE ACTUAL TEST
QUESTIONS WITH COMPLETE ANSWER
KEY
●● 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
QUESTIONS WITH COMPLETE ANSWER
KEY
●● 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
