COLIBRI REAL ESTATE LAW
QUESTIONS & ANSWERS(RATED A+)
The discovery step of civil cases is where
the parties use a mediator.
the complaint is filed.
each party presents their case.
each party gathers information from each other and third parties. - ANSWEReach
party gathers information from each other and third parties.
What phrase could a licensee use in advertising that would not discriminate on the
basis of familial status?
Couples only
Empty nesters
No bicycles allowed
Senior discount - ANSWERSenior discount
Who is charged with the responsibility of making sure that owners do not use their
property in a way that will harm the public?
The Real Estate Commission
The HOA
The government
The zoning committee - ANSWERThe HOA
What type of residential survey, also called a drive-by survey, is designed to show
the location of the house and other large structures on the property?
A house location survey
A cadastral land survey
A site survey
A boundary survey - ANSWERA house location survey
What type of lien is one placed against any and all real and personal property owned
by a particular debtor?
A specific lien
A general lien
A senior lien
A junior lien - ANSWERA general lien
What describes when a borrower requests that the lender replace him or her on the
loan instrument with a new buyer who must go through a process of full substitution?
Restoration
Novation
Successor
Renewal - ANSWERNovation
When working with any client, the broker's job is to
protect the broker's interest.
, protect the client's interest.
get the best price.
establish a good rapport. - ANSWERprotect the client's interest.
In creating a joint tenancy, there are four unities. Which of the following is NOT one
of the four?
Unity of Time
Unity of Possession
Unity of Interest
Unity of Origination - ANSWERUnity of Origination
The collection of Roman law contributed the model for which type of law?
Civil law
Criminal law
Case law
Common law - ANSWERCivil law
What term, in the California Civil Code addressing mobile home residency, describes
the right of a homeowner to use the site within a mobile home park?
Leasehold
Specific use
Tenancy
Propriety - ANSWERTenancy
Who serves as the chief executive of the Department of Real Estate in California?
The CEO of CalDRE
The California Real Estate Commissioner
The California Executive Branch
The Chief Executive Officer of California - ANSWERThe California Real Estate
Commissioner
What have lenders established to protect borrowers from unlimited increases in the
interest rate?
Mortgage caps
Rate caps
Payment caps
Amortization caps - ANSWERRate caps
What type of contract consists of obligations arising from a mutual agreement and
intent to promise where the agreement and promise have not been expressed in
words?
An unconscionable contract
An aleatory contract
An implied contract
A unilateral contract - ANSWERAn implied contract
Who are the primary regulatory entities of the real estate business?
The real estate commission
Local governments
State governments
QUESTIONS & ANSWERS(RATED A+)
The discovery step of civil cases is where
the parties use a mediator.
the complaint is filed.
each party presents their case.
each party gathers information from each other and third parties. - ANSWEReach
party gathers information from each other and third parties.
What phrase could a licensee use in advertising that would not discriminate on the
basis of familial status?
Couples only
Empty nesters
No bicycles allowed
Senior discount - ANSWERSenior discount
Who is charged with the responsibility of making sure that owners do not use their
property in a way that will harm the public?
The Real Estate Commission
The HOA
The government
The zoning committee - ANSWERThe HOA
What type of residential survey, also called a drive-by survey, is designed to show
the location of the house and other large structures on the property?
A house location survey
A cadastral land survey
A site survey
A boundary survey - ANSWERA house location survey
What type of lien is one placed against any and all real and personal property owned
by a particular debtor?
A specific lien
A general lien
A senior lien
A junior lien - ANSWERA general lien
What describes when a borrower requests that the lender replace him or her on the
loan instrument with a new buyer who must go through a process of full substitution?
Restoration
Novation
Successor
Renewal - ANSWERNovation
When working with any client, the broker's job is to
protect the broker's interest.
, protect the client's interest.
get the best price.
establish a good rapport. - ANSWERprotect the client's interest.
In creating a joint tenancy, there are four unities. Which of the following is NOT one
of the four?
Unity of Time
Unity of Possession
Unity of Interest
Unity of Origination - ANSWERUnity of Origination
The collection of Roman law contributed the model for which type of law?
Civil law
Criminal law
Case law
Common law - ANSWERCivil law
What term, in the California Civil Code addressing mobile home residency, describes
the right of a homeowner to use the site within a mobile home park?
Leasehold
Specific use
Tenancy
Propriety - ANSWERTenancy
Who serves as the chief executive of the Department of Real Estate in California?
The CEO of CalDRE
The California Real Estate Commissioner
The California Executive Branch
The Chief Executive Officer of California - ANSWERThe California Real Estate
Commissioner
What have lenders established to protect borrowers from unlimited increases in the
interest rate?
Mortgage caps
Rate caps
Payment caps
Amortization caps - ANSWERRate caps
What type of contract consists of obligations arising from a mutual agreement and
intent to promise where the agreement and promise have not been expressed in
words?
An unconscionable contract
An aleatory contract
An implied contract
A unilateral contract - ANSWERAn implied contract
Who are the primary regulatory entities of the real estate business?
The real estate commission
Local governments
State governments
