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...
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
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...
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
