Colibri School Exam NJ 2025 Questions and Answers Solved Correctly Rated A
In a real estate transaction the principal would BEST be described as the - AnswersPerson 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 - AnswersActual 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? - AnswersBarb 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? - AnswersA 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? - Answerstenancy at sufferance
RESPA applies to ___________ financed by a federally regulated loan. - Answersone- to four-family
residences.
An acceleration clause in a mortgage allows the lender to - AnswersDeclare the loan due if the buyer
defaults
Borrower Betty's stable monthly income is $4200. She has three monthly debts: $350 car payment, $120
student loan payment, and $80 credit card payment. What is the maximum monthly mortgage payment
she would qualify for on a conventional loan - Answers$962
Luke is Marks listing agent. Mark agrees that Luke can pay 3% to a cooperating broker. Licensee Lisa
introduces buyer customer Bev to Mark's property. When Bev decides to make an offer on the house,
she calls Luke directly. Luke refuses to pay Lisa any commission. Lisa could argue that she is entitled to a
commission because she is the - AnswersProcuring cause
Procuring Cause - Answers
In a real estate transaction the principal would BEST be described as the - AnswersPerson 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 - AnswersActual 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? - AnswersBarb 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? - AnswersA 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? - Answerstenancy at sufferance
RESPA applies to ___________ financed by a federally regulated loan. - Answersone- to four-family
residences.
An acceleration clause in a mortgage allows the lender to - AnswersDeclare the loan due if the buyer
defaults
Borrower Betty's stable monthly income is $4200. She has three monthly debts: $350 car payment, $120
student loan payment, and $80 credit card payment. What is the maximum monthly mortgage payment
she would qualify for on a conventional loan - Answers$962
Luke is Marks listing agent. Mark agrees that Luke can pay 3% to a cooperating broker. Licensee Lisa
introduces buyer customer Bev to Mark's property. When Bev decides to make an offer on the house,
she calls Luke directly. Luke refuses to pay Lisa any commission. Lisa could argue that she is entitled to a
commission because she is the - AnswersProcuring cause
Procuring Cause - Answers
