COLIBRI REAL ESTATE LAW EXAM
2026 BANK | ACTUAL EXAM 500
QUESTIONS AND ANSWERS |
EXPERT VERIFIED FOR GUARANTEED
PASS | LATEST UPDATE
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 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 redlining -
ANSWER//refusing to make loans in a minority
neighborhood consequence - ANSWER//NOT an element
for a valid and enforceable contract liquidity damages -
ANSWER//seller keeps earnest money deposit when the
buyer backs out security deposit - ANSWER//LEAST likely
to be needed in a lease hypothecation - ANSWER//pledge
of property as collateral for a loan 7 business days -
ANSWER//lender must deliver loan estimate within ... 10
days of receipt - ANSWER//broker pays agent within...
metes and bounds - ANSWER//beginning point (street
name), then the direction to go call for late payments -
ANSWER//What can an unlicensed assistant NOT do?
PITI - ANSWER//principal, interest, taxes, insurance
clearing, adding structures, draining/filling, pesticides -
ANSWER//Wetlands: need a permit for... selling wetlands
- ANSWER//Wetlands: do not need a permit for...
encroachment - ANSWER//a fence 3 feet onto another
property's lawn is considered an ... appurtenances -
ANSWER//rights that transfer with real property (runs with
the land) riparian rights - ANSWER//rights for rivers littoral
rights - ANSWER//rights for lakes bill of sale -
ANSWER//what is needed when a property is bought with
additional items included? improvement - ANSWER//man-
made attachment to the land personal property -
ANSWER//lumber and concrete are delivered to a house
and sitting in a backyard waiting to be used periodic
tenancy - ANSWER//specific time period tenancy at will -
ANSWER//no specified period or termination date tenancy
for years - ANSWER//specific start and end date
appurtenant easement - ANSWER//burden one piece of
land for the benefit of another piece of land easement in
gross - ANSWER//benefit a person, not land adverse
possession - ANSWER//title to land is gained by the open
,and notorious, hostile and adverse, etc. .... deed -
ANSWER//proof of ownership property manager -
ANSWER//a general agent example broker - ANSWER//a
special agent example no loyalty - ANSWER//What is
given up if there is a dual agency? 78% - ANSWER//if a
private mortgage insurance is cancelled... CMA
(Comparative Market Analysis) - ANSWER//shows
possible listing prices, possible offer prices, but CANNOT
determine property value Escheat - ANSWER//title to
property reverts to the state when a person dies without a
will 1978 - ANSWER//Lead paint checked in home built
before... RESPA - ANSWER//only applies to 1-4 family
residences leverage - ANSWER//funds from tenant are
used to pay property expenses opt-out option -
ANSWER//What is needed when email marketing? 5
brokers, 2 public, 1 government representative -
ANSWER//Real Estate Commission consists of... past 5
years - ANSWER//cannot become an agent if a felony was
committed in the past... 6 years - ANSWER//broker keeps
copies of agreements and funds received for... 6 months -
ANSWER//broker keeps expired agreements for... before
seller's motivation or price is discussed - ANSWER//When
should the 4 business relationships be introduced t
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 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 redlining -
ANSWER//refusing to make loans in a minority
neighborhood consequence - ANSWER//NOT an element
for a valid and enforceable contract liquidity damages -
ANSWER//seller keeps earnest money deposit when the
buyer backs out security deposit - ANSWER//LEAST likely
to be needed in a lease hypothecation - ANSWER//pledge
of property as collateral for a loan 7 business days -
ANSWER//lender must deliver loan estimate within ... 10
days of receipt - ANSWER//broker pays agent within...
metes and bounds - ANSWER//beginning point (street
name), then the direction to go call for late payments -
ANSWER//What can an unlicensed assistant NOT do?
PITI - ANSWER//principal, interest, taxes, insurance
2026 BANK | ACTUAL EXAM 500
QUESTIONS AND ANSWERS |
EXPERT VERIFIED FOR GUARANTEED
PASS | LATEST UPDATE
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 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 redlining -
ANSWER//refusing to make loans in a minority
neighborhood consequence - ANSWER//NOT an element
for a valid and enforceable contract liquidity damages -
ANSWER//seller keeps earnest money deposit when the
buyer backs out security deposit - ANSWER//LEAST likely
to be needed in a lease hypothecation - ANSWER//pledge
of property as collateral for a loan 7 business days -
ANSWER//lender must deliver loan estimate within ... 10
days of receipt - ANSWER//broker pays agent within...
metes and bounds - ANSWER//beginning point (street
name), then the direction to go call for late payments -
ANSWER//What can an unlicensed assistant NOT do?
PITI - ANSWER//principal, interest, taxes, insurance
clearing, adding structures, draining/filling, pesticides -
ANSWER//Wetlands: need a permit for... selling wetlands
- ANSWER//Wetlands: do not need a permit for...
encroachment - ANSWER//a fence 3 feet onto another
property's lawn is considered an ... appurtenances -
ANSWER//rights that transfer with real property (runs with
the land) riparian rights - ANSWER//rights for rivers littoral
rights - ANSWER//rights for lakes bill of sale -
ANSWER//what is needed when a property is bought with
additional items included? improvement - ANSWER//man-
made attachment to the land personal property -
ANSWER//lumber and concrete are delivered to a house
and sitting in a backyard waiting to be used periodic
tenancy - ANSWER//specific time period tenancy at will -
ANSWER//no specified period or termination date tenancy
for years - ANSWER//specific start and end date
appurtenant easement - ANSWER//burden one piece of
land for the benefit of another piece of land easement in
gross - ANSWER//benefit a person, not land adverse
possession - ANSWER//title to land is gained by the open
,and notorious, hostile and adverse, etc. .... deed -
ANSWER//proof of ownership property manager -
ANSWER//a general agent example broker - ANSWER//a
special agent example no loyalty - ANSWER//What is
given up if there is a dual agency? 78% - ANSWER//if a
private mortgage insurance is cancelled... CMA
(Comparative Market Analysis) - ANSWER//shows
possible listing prices, possible offer prices, but CANNOT
determine property value Escheat - ANSWER//title to
property reverts to the state when a person dies without a
will 1978 - ANSWER//Lead paint checked in home built
before... RESPA - ANSWER//only applies to 1-4 family
residences leverage - ANSWER//funds from tenant are
used to pay property expenses opt-out option -
ANSWER//What is needed when email marketing? 5
brokers, 2 public, 1 government representative -
ANSWER//Real Estate Commission consists of... past 5
years - ANSWER//cannot become an agent if a felony was
committed in the past... 6 years - ANSWER//broker keeps
copies of agreements and funds received for... 6 months -
ANSWER//broker keeps expired agreements for... before
seller's motivation or price is discussed - ANSWER//When
should the 4 business relationships be introduced t
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 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 redlining -
ANSWER//refusing to make loans in a minority
neighborhood consequence - ANSWER//NOT an element
for a valid and enforceable contract liquidity damages -
ANSWER//seller keeps earnest money deposit when the
buyer backs out security deposit - ANSWER//LEAST likely
to be needed in a lease hypothecation - ANSWER//pledge
of property as collateral for a loan 7 business days -
ANSWER//lender must deliver loan estimate within ... 10
days of receipt - ANSWER//broker pays agent within...
metes and bounds - ANSWER//beginning point (street
name), then the direction to go call for late payments -
ANSWER//What can an unlicensed assistant NOT do?
PITI - ANSWER//principal, interest, taxes, insurance
