COLIBRI REAL ESTATE EXAM BUNDLE 2026
COMPLETE QUESTIONS AND SOLUTIONS
GRADED A+
◉ 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
COMPLETE QUESTIONS AND SOLUTIONS
GRADED A+
◉ 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
