Colibri Real Estate Final Exam Questions &
Correct Answers | Latest Update |Already
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land contract
????????????: buyer pays seller to occupy and use property
net lease
????????????: buyer pays rent and other expenses
gross lease
????????????: buyer pays only rent
goes to heirs
????????????: Tenants in common, 2 of 3 people die. Who gets the property of those who died?
Tenant owns it in severality
????????????: Joint Tenancy, 3 of 4 people die. Who gets property of those who died?
Client
2 | P a g e
????????????: Another word for principal
race, nat. origin, sex, color, religion, disability, familial status
????????????: Protected by Fair Housing Act
marital status
????????????: Not protected by Fair Housing Act
Blockbusting
????????????: telling homeowners that property values will be declining because of ethical/racial
makeup is changing
flat, paved parking lot
????????????: real estate put to its highest use
puffing
????????????: "This is the most prestigious street in town"
$5,000
????????????: maximum fine for first offense
name and broker
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