COLIBRI REAL ESTATE FINAL 2026 PRACTICE
TEST SHEET FULL SOLUTIONS CORRECT
ANSWERS PREPARATION SET
◉ 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.
TEST SHEET FULL SOLUTIONS CORRECT
ANSWERS PREPARATION SET
◉ 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.
