Colibri School Exam NJ 2023
In a real estate transaction the principal would BEST be described as the -
(answers)Person represented by an agent
Bert is showing his buyer a home in a historic district. The buyer mentions in
passing that she would like to place solar panels on the roof. Beet knows that the
homeowners association CC&Rs would prohibit this to protect the historic
character of the neighborhood, but he doesn't tell the buyer for fear she'll loose
interest in the house. Bert has committed - (answers)Actual fraud
Which situation is NOT EXEMPT from the provisions of federal fair housing laws,
assuming no discriminatory advertising is used and a licensee is not involved? -
(answers)Barb is an owner-occupant of a duplex who will lease the other unit only
to a white woman
Danita gets a deed of trust from ABC bank to finance the purchase of a house in
Sunny Acres, a new subdivision. While the loan is outstanding, who holds the title
to Danita property? - (answers)A trustee
Which of these phrases would LEAST likely be evidence of a conspiracy to commit
an antitrust violation if said by a licensee? - (answers)"We would like to suggest
that you use Ace Title Agency for the closing."
Which lease tenancy is engaged in by a holdover tenant? - (answers)tenancy at
sufferance
In a real estate transaction the principal would BEST be described as the -
(answers)Person represented by an agent
Bert is showing his buyer a home in a historic district. The buyer mentions in
passing that she would like to place solar panels on the roof. Beet knows that the
homeowners association CC&Rs would prohibit this to protect the historic
character of the neighborhood, but he doesn't tell the buyer for fear she'll loose
interest in the house. Bert has committed - (answers)Actual fraud
Which situation is NOT EXEMPT from the provisions of federal fair housing laws,
assuming no discriminatory advertising is used and a licensee is not involved? -
(answers)Barb is an owner-occupant of a duplex who will lease the other unit only
to a white woman
Danita gets a deed of trust from ABC bank to finance the purchase of a house in
Sunny Acres, a new subdivision. While the loan is outstanding, who holds the title
to Danita property? - (answers)A trustee
Which of these phrases would LEAST likely be evidence of a conspiracy to commit
an antitrust violation if said by a licensee? - (answers)"We would like to suggest
that you use Ace Title Agency for the closing."
Which lease tenancy is engaged in by a holdover tenant? - (answers)tenancy at
sufferance
