HOSMERIT
COLIBRI REAL ESTATE FINAL EXAM QUESTIONS &
CORRECT ANSWERS | 2024 GRADE A+
land contract
➹➹➹: buyer pays seller to occupy and use property
net lease
➹➹➹: buyer pays rent and other expenses
gross lease
➹➹➹: buyer pays only rent
goes to heirs
➹➹➹: Tenants in common, 2 of 3 people die. Who gets the property of those who died?
Tenant owns it in severality
➹➹➹: Joint Tenancy, 3 of 4 people die. Who gets property of those who died?
Client
➹➹➹: Another word for principal
race, nat. origin, sex, color, religion, disability, familial status
, ➹➹➹: Protected by Fair Housing Act
marital status
➹➹➹: Not protected by Fair Housing Act
Blockbusting
➹➹➹: telling homeowners that property values will be declining because of ethical/racial
makeup is changing
flat, paved parking lot
➹➹➹: real estate put to its highest use
puffing
➹➹➹: "This is the most prestigious street in town"
$5,000
➹➹➹: maximum fine for first offense
name and broker
➹➹➹: an individual advertisement needs...
statement that they are licensed
COLIBRI REAL ESTATE FINAL EXAM QUESTIONS &
CORRECT ANSWERS | 2024 GRADE A+
land contract
➹➹➹: buyer pays seller to occupy and use property
net lease
➹➹➹: buyer pays rent and other expenses
gross lease
➹➹➹: buyer pays only rent
goes to heirs
➹➹➹: Tenants in common, 2 of 3 people die. Who gets the property of those who died?
Tenant owns it in severality
➹➹➹: Joint Tenancy, 3 of 4 people die. Who gets property of those who died?
Client
➹➹➹: Another word for principal
race, nat. origin, sex, color, religion, disability, familial status
, ➹➹➹: Protected by Fair Housing Act
marital status
➹➹➹: Not protected by Fair Housing Act
Blockbusting
➹➹➹: telling homeowners that property values will be declining because of ethical/racial
makeup is changing
flat, paved parking lot
➹➹➹: real estate put to its highest use
puffing
➹➹➹: "This is the most prestigious street in town"
$5,000
➹➹➹: maximum fine for first offense
name and broker
➹➹➹: an individual advertisement needs...
statement that they are licensed
