Colibri Real Estate Final Exam | UPDATED ACTUAL Exam
Questions and CORRECT Answers | Verified Questions and
100% Correct Answers | Graded A+
Question 1.
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
Correct Answer: Senior discount
Question 2.
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
Correct Answer: The HOA
Question 3.
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
Correct Answer: A house location survey
Question 4.
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
Correct Answer: A general lien
Question 5.
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
,Correct Answer: Novation
Question 6.
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.
Correct 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 -✓✓Unity of Origination
Question 7.
The collection of Roman law contributed the model for which type of law?
Civil law
Criminal law
Case law Common law
Correct Answer: Civil law
Question 8.
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
Correct Answer: Tenancy
Question 9.
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
Correct Answer: The California Real Estate Commissioner
Question 10.
What have lenders established to protect borrowers from unlimited increases in the
interest rate?
Mortgage caps
Rate caps
, Payment caps Amortization caps
Correct Answer: Rate caps
Question 11.
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
Correct Answer: An implied contract
Question 12.
Who are the primary regulatory entities of the real estate business?
The real estate commission
Local governments State governments City governments
Correct Answer: State governments
Question 13.
The rectangular survey system divides a township into thirty six squares called
blocks.
sections.
parcels. lots.
Correct Answer: sections.
Question 14.
What describes plants or crops that are considered personal property since human
intervention is necessary for planting and harvesting?
Appurtenances
Conservation
Fodder Emblements
Correct Answer: Emblements
Question 15.
What doctrine states that if a property owner is lax in protecting his or her rights, the
property owner may lose those rights?
The Doctrine of Reapportionment
The Doctrine of Laches
The Act of State Doctrine The Cumulative Rights Doctrine
Questions and CORRECT Answers | Verified Questions and
100% Correct Answers | Graded A+
Question 1.
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
Correct Answer: Senior discount
Question 2.
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
Correct Answer: The HOA
Question 3.
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
Correct Answer: A house location survey
Question 4.
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
Correct Answer: A general lien
Question 5.
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
,Correct Answer: Novation
Question 6.
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.
Correct 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 -✓✓Unity of Origination
Question 7.
The collection of Roman law contributed the model for which type of law?
Civil law
Criminal law
Case law Common law
Correct Answer: Civil law
Question 8.
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
Correct Answer: Tenancy
Question 9.
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
Correct Answer: The California Real Estate Commissioner
Question 10.
What have lenders established to protect borrowers from unlimited increases in the
interest rate?
Mortgage caps
Rate caps
, Payment caps Amortization caps
Correct Answer: Rate caps
Question 11.
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
Correct Answer: An implied contract
Question 12.
Who are the primary regulatory entities of the real estate business?
The real estate commission
Local governments State governments City governments
Correct Answer: State governments
Question 13.
The rectangular survey system divides a township into thirty six squares called
blocks.
sections.
parcels. lots.
Correct Answer: sections.
Question 14.
What describes plants or crops that are considered personal property since human
intervention is necessary for planting and harvesting?
Appurtenances
Conservation
Fodder Emblements
Correct Answer: Emblements
Question 15.
What doctrine states that if a property owner is lax in protecting his or her rights, the
property owner may lose those rights?
The Doctrine of Reapportionment
The Doctrine of Laches
The Act of State Doctrine The Cumulative Rights Doctrine
