Colibri Real Estate Final Exam Questions and Answers 100% Correct

Colibri Real Estate Final Exam Questions and Answers 100% Correct land contract - Answer- buyer pays seller to occupy and use property net lease - Answer- buyer pays rent and other expenses gross lease - Answer- buyer pays only rent goes to heirs - Answer- Tenants in common, 2 of 3 people die. Who gets the property of those who died? Tenant owns it in severality - Answer- Joint Tenancy, 3 of 4 people die. Who gets property of those who died? Client - Answer- Another word for principal race, nat. origin, sex, color, religion, disability, familial status - Answer- Protected by Fair Housing Act marital status - Answer- Not protected by Fair Housing Act Blockbusting - Answer- telling homeowners that property values will be declining because of ethical/racial makeup is changing flat, paved parking lot - Answer- real estate put to its highest use puffing - Answer- "This is the most prestigious street in town" $5,000 - Answer- maximum fine for first offense name and broker - Answer- an individual advertisement needs... statement that they are licensed - Answer- a brokerage advertisement needs... 48 hours - Answer- if listing is submitted to MLS, must notify customer within... at their next meeting - Answer- Licensee must deliver Consumer Info Statement when... blanket mortgage - Answer- a mortgage that covers 2 parcels of land tenancy at sufference - Answer- lease expires, tenants won't leave easement in gross - Answer- gas company intrudes on land to fix a gas line the seller - Answer- signs the deed at a closing