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72 Hour Course (Colibri Real Estate School)
Questions with Answers (100% Correct
Answers)
What is Finance?— Answer: The $ side of buying, selling or owning property.
Its how people or businesses get the money (though loans, mortgages, or
invstment.
(Its ab how property is paid for and how the money part of real estate works.)
Manufctured Housing (Moblie Home)— Answer: Factory-made houses that
can be moved and are often a more affordable housing option then regular site.
Time Shares— Answer: Are properties (usually vacations homes or resorts)
that several people share ownership of, with each reason having the right to use
the property.
Converted-Use— Answer: Buildings that are changing what the property is
used for.
"Blue Sky Law" (Selling Securities)— Answer: This law prohibits anyone
WITHOUT a broker license from selling any type of investment opportunity or
security.
Independent Contractors— Answer: Is a real estate agent who works for
themselves under a broker, not as an employee.
Staturtory Nonemployees— Answer: Is someone who by law, is not treated as
a employee for tax purposes, even though they work for a broker and real estate
most agents are this^
Title Work— Answer: Meaning checking a property's ownership to make sure
it's legal and clear before it's sold. This company handles this process by doing
title research to look through records for any problems or unpaid depts.
72 Hour Course (Colibri Real Estate School)
Questions with Answers (100% Correct
Answers)
What is Finance?— Answer: The $ side of buying, selling or owning property.
Its how people or businesses get the money (though loans, mortgages, or
invstment.
(Its ab how property is paid for and how the money part of real estate works.)
Manufctured Housing (Moblie Home)— Answer: Factory-made houses that
can be moved and are often a more affordable housing option then regular site.
Time Shares— Answer: Are properties (usually vacations homes or resorts)
that several people share ownership of, with each reason having the right to use
the property.
Converted-Use— Answer: Buildings that are changing what the property is
used for.
"Blue Sky Law" (Selling Securities)— Answer: This law prohibits anyone
WITHOUT a broker license from selling any type of investment opportunity or
security.
Independent Contractors— Answer: Is a real estate agent who works for
themselves under a broker, not as an employee.
Staturtory Nonemployees— Answer: Is someone who by law, is not treated as
a employee for tax purposes, even though they work for a broker and real estate
most agents are this^
Title Work— Answer: Meaning checking a property's ownership to make sure
it's legal and clear before it's sold. This company handles this process by doing
title research to look through records for any problems or unpaid depts.
