Colibri Real Estate Final Exam 2025/2026 With 100% Accurate Answers
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...
, Colibri Real Estate Final Exam 2025/2026 With 100% Accurate Answers
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
listing agreement - (ANSWER)least likely to require a legal description
let the client know - (ANSWER)agent takes on a listing, decides to buy house for themselves
honesty - (ANSWER)Open house, declined agency relationship... What does the agent owe the person?
disclose it to the buyers - (ANSWER)leak in the house, seller is trying to hide it but the agent finds it
listings stay with brokerage - (ANSWER)agent switches brokerages, what happens to their listings?
net listing - (ANSWER)a seller wants a certain amount, the rest of the money goes to the agent as
commission
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...
, Colibri Real Estate Final Exam 2025/2026 With 100% Accurate Answers
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
listing agreement - (ANSWER)least likely to require a legal description
let the client know - (ANSWER)agent takes on a listing, decides to buy house for themselves
honesty - (ANSWER)Open house, declined agency relationship... What does the agent owe the person?
disclose it to the buyers - (ANSWER)leak in the house, seller is trying to hide it but the agent finds it
listings stay with brokerage - (ANSWER)agent switches brokerages, what happens to their listings?
net listing - (ANSWER)a seller wants a certain amount, the rest of the money goes to the agent as
commission
