Colibri Real Estate Final Exam 2026–2027:
Complete Practice Test & Study Guide
land contract - correct answer-buyer pays seller to occupy and use property
net lease - correct answer-buyer pays rent and other expenses
gross lease - correct answer-buyer pays only rent
goes to heirs - correct answer-Tenants in common, 2 of 3 people die. Who gets
the property of those who died?
Tenant owns it in severality - correct answer-Joint Tenancy, 3 of 4 people die.
Who gets property of those who died?
Client - correct answer-Another word for principal
race, nat. origin, sex, color, religion, disability, familial status - correct answer-
Protected by Fair Housing Act
marital status - correct answer-Not protected by Fair Housing Act
, Blockbusting - correct answer-telling homeowners that property values will be
declining because of ethical/racial makeup is changing
flat, paved parking lot - correct answer-real estate put to its highest use
puffing - correct answer-"This is the most prestigious street in town"
$5,000 - correct answer-maximum fine for first offense
name and broker - correct answer-an individual advertisement needs...
statement that they are licensed - correct answer-a brokerage advertisement
needs...
48 hours - correct answer-if listing is submitted to MLS, must notify customer
within...
at their next meeting - correct answer-Licensee must deliver Consumer Info
Statement when...
blanket mortgage - correct answer-a mortgage that covers 2 parcels of land
tenancy at sufference - correct answer-lease expires, tenants won't leave
easement in gross - correct answer-gas company intrudes on land to fix a gas line
Complete Practice Test & Study Guide
land contract - correct answer-buyer pays seller to occupy and use property
net lease - correct answer-buyer pays rent and other expenses
gross lease - correct answer-buyer pays only rent
goes to heirs - correct answer-Tenants in common, 2 of 3 people die. Who gets
the property of those who died?
Tenant owns it in severality - correct answer-Joint Tenancy, 3 of 4 people die.
Who gets property of those who died?
Client - correct answer-Another word for principal
race, nat. origin, sex, color, religion, disability, familial status - correct answer-
Protected by Fair Housing Act
marital status - correct answer-Not protected by Fair Housing Act
, Blockbusting - correct answer-telling homeowners that property values will be
declining because of ethical/racial makeup is changing
flat, paved parking lot - correct answer-real estate put to its highest use
puffing - correct answer-"This is the most prestigious street in town"
$5,000 - correct answer-maximum fine for first offense
name and broker - correct answer-an individual advertisement needs...
statement that they are licensed - correct answer-a brokerage advertisement
needs...
48 hours - correct answer-if listing is submitted to MLS, must notify customer
within...
at their next meeting - correct answer-Licensee must deliver Consumer Info
Statement when...
blanket mortgage - correct answer-a mortgage that covers 2 parcels of land
tenancy at sufference - correct answer-lease expires, tenants won't leave
easement in gross - correct answer-gas company intrudes on land to fix a gas line
