Colibri Real Estate Chapter 1 Unit 5
Exam 2025 With 100% Correct Answers
Documents that create, assign, reference, or transfer interests in real property by reference to a
legal description must be prepared by whom? - correct answers ✔✔Professional land surveyor
Land descriptions within the boundaries of Montana are comprised of townships, sections,
section subdivisions, and special surveys. These are known collectively as what? - correct
answers ✔✔Montana Public Land Survey System
Is it true that townhouses, townhomes and condominiums are all considered statutory housing?
- correct answers ✔✔Only condominiums are considered statutory housing. Townhouses and
townhomes own the land under them and are typically described as single-family attached
housing
How are condominiums created? - correct answers ✔✔By filing a declaration that complies with
state law in the county in which the property is located
What is the major difference between a condominium and a townhouse? - correct answers
✔✔Ownership of a townhouse includes the land upon which it rests, the land beneath a condo
is collectively owned
In the event that a tenant/landlord dispute goes to court, the justice will ask to see what
documents? - correct answers ✔✔The lease and the notice given
What duties are required of landlords who lease residential property built before 1978? -
correct answers ✔✔Landlords must disclose any known information on lead-based paint and
lead-based paint hazards and provide the tenant with the pamphlet, "Protect Your Family From
Lead In Your Home"
Exam 2025 With 100% Correct Answers
Documents that create, assign, reference, or transfer interests in real property by reference to a
legal description must be prepared by whom? - correct answers ✔✔Professional land surveyor
Land descriptions within the boundaries of Montana are comprised of townships, sections,
section subdivisions, and special surveys. These are known collectively as what? - correct
answers ✔✔Montana Public Land Survey System
Is it true that townhouses, townhomes and condominiums are all considered statutory housing?
- correct answers ✔✔Only condominiums are considered statutory housing. Townhouses and
townhomes own the land under them and are typically described as single-family attached
housing
How are condominiums created? - correct answers ✔✔By filing a declaration that complies with
state law in the county in which the property is located
What is the major difference between a condominium and a townhouse? - correct answers
✔✔Ownership of a townhouse includes the land upon which it rests, the land beneath a condo
is collectively owned
In the event that a tenant/landlord dispute goes to court, the justice will ask to see what
documents? - correct answers ✔✔The lease and the notice given
What duties are required of landlords who lease residential property built before 1978? -
correct answers ✔✔Landlords must disclose any known information on lead-based paint and
lead-based paint hazards and provide the tenant with the pamphlet, "Protect Your Family From
Lead In Your Home"
