COLIBRI REAL ESTATE FINAL EXAM CORRECT ANSWERS.pdf file:///C:/Users/User/Downloads/COLIBRI%20REAL%20ESTATE%
COLIBRI REAL ESTATE FINAL EXAM CORRECT ANSWERS
1. land contract
ANS buyer pays seller to occupy and use property
2. net lease
ANS buyer pays rent and other expenses
3. gross lease
ANS buyer pays only rent
4. goes to heirs
ANS Tenants in common, 2 of 3 people die. Who gets the property ofthose who
died?
5. Tenant owns it in severality
ANS Joint Tenancy, 3 of 4 people die. Who gets propertyof those who died?
6. Client
ANS Another word for principal
7. race, nat. origin, sex, color, religion, disability, familial status
ANS Protected byFair Housing Act
8. marital status
ANS Not protected by Fair Housing Act
9. Blockbusting
ANS telling homeowners that property values will be declining becauseof
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1 of 11 9/28/2024, 5:23
,COLIBRI REAL ESTATE FINAL EXAM CORRECT ANSWERS.pdf file:///C:/Users/User/Downloads/COLIBRI%20REAL%20ESTATE%
ethical/racial makeup is changing
10. flat, paved parking lot
ANS real estate put to its highest use
11. puffing
ANS "This is the most prestigious street in town"
12. $5,000
ANS maximum fine for first offense
13. name and broker
ANS an individual advertisement needs...
14. statement that they are licensed
ANS a brokerage advertisement needs...
15. 48 hours
ANS if listing is submitted to MLS, must notify customer within...
16. at their next meeting
ANS Licensee must deliver Consumer Info Statement when...
17. blanket mortgage
ANS a mortgage that covers 2 parcels of land
18. tenancy at sufference
ANS lease expires, tenants won't leave
19. easement in gross
ANS gas company intrudes on land to fix a gas line
20. the seller
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2 of 11 9/28/2024, 5:23
COLIBRI REAL ESTATE FINAL EXAM CORRECT ANSWERS
1. land contract
ANS buyer pays seller to occupy and use property
2. net lease
ANS buyer pays rent and other expenses
3. gross lease
ANS buyer pays only rent
4. goes to heirs
ANS Tenants in common, 2 of 3 people die. Who gets the property ofthose who
died?
5. Tenant owns it in severality
ANS Joint Tenancy, 3 of 4 people die. Who gets propertyof those who died?
6. Client
ANS Another word for principal
7. race, nat. origin, sex, color, religion, disability, familial status
ANS Protected byFair Housing Act
8. marital status
ANS Not protected by Fair Housing Act
9. Blockbusting
ANS telling homeowners that property values will be declining becauseof
1/4
1 of 11 9/28/2024, 5:23
,COLIBRI REAL ESTATE FINAL EXAM CORRECT ANSWERS.pdf file:///C:/Users/User/Downloads/COLIBRI%20REAL%20ESTATE%
ethical/racial makeup is changing
10. flat, paved parking lot
ANS real estate put to its highest use
11. puffing
ANS "This is the most prestigious street in town"
12. $5,000
ANS maximum fine for first offense
13. name and broker
ANS an individual advertisement needs...
14. statement that they are licensed
ANS a brokerage advertisement needs...
15. 48 hours
ANS if listing is submitted to MLS, must notify customer within...
16. at their next meeting
ANS Licensee must deliver Consumer Info Statement when...
17. blanket mortgage
ANS a mortgage that covers 2 parcels of land
18. tenancy at sufference
ANS lease expires, tenants won't leave
19. easement in gross
ANS gas company intrudes on land to fix a gas line
20. the seller
2/4
2 of 11 9/28/2024, 5:23
