COLIBRI REAL ESTATE PRINCIPLES FINAL 2026
QUESTION COLLECTION REAL ESTATE
FINANCE MODULE SOLVED ITEMS AND
RESPONSE KEY
◉ Of the following liens: a $100,000 mortgage, a $2,500 property tax
bill, and a $8,000 mechanic's lien and a $25,000 judgement lien,
which will be paid off first after a foreclosure sale? Answer: The
$2,500 property tax lien
◉ On a $280,000 loan, the lender charges a 2 point service charge.
How much does the borrower have to pay for just these two points?
Answer: $5,600
◉ A seller decided to back out of a sales contract for no good reason.
What recourse does the buyer have? Answer: To sue for specific
performance.
◉ What are the primary advantages of PEX piping? Answer: PEX
piping is able to withstand both high and low temperatures and it is
highly resistant to chemicals.
, ◉ How does Planned Unit Development zoning differ from ordinary
zoning? Answer: I requires that multiple tracts of land be developed
according to a single design for efficient use of space.
◉ Home Hoarding Realty is advertising to the public that their
managing broker has been in the business 37 years and has sold
over 1,250 homes. This is an example of Answer: institutional
advertising
◉ Which of the following would qualify as an example of retail
property? Answer: A shopping center
◉ Neal's home has been foreclosed on and sold at a Sheriff's sale.
The sale brought in $500,000 and the total liabilities on the home
were $425,000. Who receives the additional $75,000? Answer: Neal
◉ Broker Jon is attaching a rider strip to a For Sale sign. What
information is most likely on this rider strip? Answer: Jon's cell
phone number
◉ Which is false regarding a promissory note? Answer: It is the term
used for a note that is guaranteed or insured by a governmental
agency.
QUESTION COLLECTION REAL ESTATE
FINANCE MODULE SOLVED ITEMS AND
RESPONSE KEY
◉ Of the following liens: a $100,000 mortgage, a $2,500 property tax
bill, and a $8,000 mechanic's lien and a $25,000 judgement lien,
which will be paid off first after a foreclosure sale? Answer: The
$2,500 property tax lien
◉ On a $280,000 loan, the lender charges a 2 point service charge.
How much does the borrower have to pay for just these two points?
Answer: $5,600
◉ A seller decided to back out of a sales contract for no good reason.
What recourse does the buyer have? Answer: To sue for specific
performance.
◉ What are the primary advantages of PEX piping? Answer: PEX
piping is able to withstand both high and low temperatures and it is
highly resistant to chemicals.
, ◉ How does Planned Unit Development zoning differ from ordinary
zoning? Answer: I requires that multiple tracts of land be developed
according to a single design for efficient use of space.
◉ Home Hoarding Realty is advertising to the public that their
managing broker has been in the business 37 years and has sold
over 1,250 homes. This is an example of Answer: institutional
advertising
◉ Which of the following would qualify as an example of retail
property? Answer: A shopping center
◉ Neal's home has been foreclosed on and sold at a Sheriff's sale.
The sale brought in $500,000 and the total liabilities on the home
were $425,000. Who receives the additional $75,000? Answer: Neal
◉ Broker Jon is attaching a rider strip to a For Sale sign. What
information is most likely on this rider strip? Answer: Jon's cell
phone number
◉ Which is false regarding a promissory note? Answer: It is the term
used for a note that is guaranteed or insured by a governmental
agency.
