COLIBRI REAL ESTATE COMPREHENSIVE
EXAM QUESTIONS AND CORRECT
ANSWERS STUDY GUIDE
●● 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
Answer: Senior 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
Answer: The 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
Answer: A 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
Answer: A 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
Answer: Novation
,●● 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.
Answer: protect 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
Answer: Unity of Origination
●● The collection of Roman law contributed the model for which type
of law?
Civil law
Criminal law
Case law
Common law
Answer: Civil 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
Answer: Tenancy
●● 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
Answer: The 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
EXAM QUESTIONS AND CORRECT
ANSWERS STUDY GUIDE
●● 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
Answer: Senior 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
Answer: The 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
Answer: A 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
Answer: A 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
Answer: Novation
,●● 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.
Answer: protect 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
Answer: Unity of Origination
●● The collection of Roman law contributed the model for which type
of law?
Civil law
Criminal law
Case law
Common law
Answer: Civil 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
Answer: Tenancy
●● 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
Answer: The 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
