COLIBRI REAL ESTATE REAL ESTATE
EXPRESS FINAL EXAM LATEST TESTBANK
2026 FULL 1335 PLUS QUESTIONS WITH
PRECISE ANSWERS GRADED A+
⩥ Blueprint. Answer: a detailed diagram, usually created by an architect,
which is used to evaluate design, determine feasibility, and guide the
construction of a structure.
⩥ Boilerplate. Answer: Standardized language used in contracts for the
sake of efficiency and completeness.
⩥ Book value. Answer: The value of an asset, such as real estate or
equipment, as indicated in the company's financial records (may differ
from a market value)
⩥ Boot. Answer: Extra, non-like-kind property that can be a part of a
like-kind exchange to make up for pricing disparity between like-kind
properties.
⩥ Bounds. Answer: Refers to boundaries; used with the word "metes" in
the metes and bounds method of land description.
,⩥ Boycott. Answer: A concerted refusal by two or more people to deal
with a particular person or company
⩥ Breach. Answer: Violation of a obligation, duty or law
⩥ Breach of contract. Answer: An unexcused failure to perform
according to the terms of a contract.
⩥ Breach of trust. Answer: The failure by someone entrusted with care
or property of others to discharge the duties imposed on them under the
terms of an agreement or other obligation; may be malicious or due to
negligence or carelessness.
⩥ Breakdown method. Answer: Estimating physical depreciation by
estimating all items of depreciation individually and then adding the
individual estimates together and deducting the sum from the estimated
reproduction or replacement cost.
⩥ Bridge Mortgage. Answer: A mortgage loan that occurs between the
termination of one mortgage and the commencement of another. When
the next mortgage is taken out, the bridge is repaid.
⩥ British Thermal Unit (BTU). Answer: The amount of heat required to
raise the temperature of one pound of water by one degree Fahrenheit;
used to measure the capacity of furnaces and air conditioning units
,⩥ Broker. Answer: A real estate licensee with several years of
experience who has received advanced training and passed a broker
exam
⩥ Broker Price Opinion (BPO). Answer: The estimated value of a
property as determined by a real estate licensee or other qualified
individual. Often done at the request of a lender for non-federally related
property transactions.
⩥ Broker protection clause. Answer: A provision in an agency
agreement that entitles the broker to a commission if the property is sold
during a certain time period after the agency agreement expires. Also
called Carryover Provision or Extender Clause.
⩥ Brokerage. Answer: A firm with real estate licensees who may be
retained by consumers to negotiate the purchase, sale, and lease of real
property
⩥ Broker-Dealer (BD). Answer: A person or organization that engages in
the business of trading securities, such as stocks and bonds, for its own
account or on behalf of its customers
⩥ Brownfield. Answer: a former industrial or commercial site where
future use is affected by real or perceived environmental contamination.
, ⩥ Budget Mortgage. Answer: A mortgage agreement where payments
include principal and interest on the loan, plus 1/12 of the year's
property taxes and hazard insurance premiums.
⩥ Buffer zone. Answer: A means by which planners use space to
separate two adjoining districts which have incompatible uses. A buffer
zone consists of uses which are compatible with uses in each adjoining
district.
⩥ Building code. Answer: A set of regulations, written by city or country
officials with the help of construction professionals, that governs design
and construction standards and requires builders to use particular
methods and materials.
⩥ Building department. Answer: An agency responsible for issuing
building permits and seeing that building codes are followed and that
construction and renovations are performed by licensed professionals.
⩥ Building Efficiency. Answer: The ratio of usable square footage to
rentable square footage.
⩥ Building inspection. Answer: A process whereby local government
officials ensure compliance with state and local building codes.
EXPRESS FINAL EXAM LATEST TESTBANK
2026 FULL 1335 PLUS QUESTIONS WITH
PRECISE ANSWERS GRADED A+
⩥ Blueprint. Answer: a detailed diagram, usually created by an architect,
which is used to evaluate design, determine feasibility, and guide the
construction of a structure.
⩥ Boilerplate. Answer: Standardized language used in contracts for the
sake of efficiency and completeness.
⩥ Book value. Answer: The value of an asset, such as real estate or
equipment, as indicated in the company's financial records (may differ
from a market value)
⩥ Boot. Answer: Extra, non-like-kind property that can be a part of a
like-kind exchange to make up for pricing disparity between like-kind
properties.
⩥ Bounds. Answer: Refers to boundaries; used with the word "metes" in
the metes and bounds method of land description.
,⩥ Boycott. Answer: A concerted refusal by two or more people to deal
with a particular person or company
⩥ Breach. Answer: Violation of a obligation, duty or law
⩥ Breach of contract. Answer: An unexcused failure to perform
according to the terms of a contract.
⩥ Breach of trust. Answer: The failure by someone entrusted with care
or property of others to discharge the duties imposed on them under the
terms of an agreement or other obligation; may be malicious or due to
negligence or carelessness.
⩥ Breakdown method. Answer: Estimating physical depreciation by
estimating all items of depreciation individually and then adding the
individual estimates together and deducting the sum from the estimated
reproduction or replacement cost.
⩥ Bridge Mortgage. Answer: A mortgage loan that occurs between the
termination of one mortgage and the commencement of another. When
the next mortgage is taken out, the bridge is repaid.
⩥ British Thermal Unit (BTU). Answer: The amount of heat required to
raise the temperature of one pound of water by one degree Fahrenheit;
used to measure the capacity of furnaces and air conditioning units
,⩥ Broker. Answer: A real estate licensee with several years of
experience who has received advanced training and passed a broker
exam
⩥ Broker Price Opinion (BPO). Answer: The estimated value of a
property as determined by a real estate licensee or other qualified
individual. Often done at the request of a lender for non-federally related
property transactions.
⩥ Broker protection clause. Answer: A provision in an agency
agreement that entitles the broker to a commission if the property is sold
during a certain time period after the agency agreement expires. Also
called Carryover Provision or Extender Clause.
⩥ Brokerage. Answer: A firm with real estate licensees who may be
retained by consumers to negotiate the purchase, sale, and lease of real
property
⩥ Broker-Dealer (BD). Answer: A person or organization that engages in
the business of trading securities, such as stocks and bonds, for its own
account or on behalf of its customers
⩥ Brownfield. Answer: a former industrial or commercial site where
future use is affected by real or perceived environmental contamination.
, ⩥ Budget Mortgage. Answer: A mortgage agreement where payments
include principal and interest on the loan, plus 1/12 of the year's
property taxes and hazard insurance premiums.
⩥ Buffer zone. Answer: A means by which planners use space to
separate two adjoining districts which have incompatible uses. A buffer
zone consists of uses which are compatible with uses in each adjoining
district.
⩥ Building code. Answer: A set of regulations, written by city or country
officials with the help of construction professionals, that governs design
and construction standards and requires builders to use particular
methods and materials.
⩥ Building department. Answer: An agency responsible for issuing
building permits and seeing that building codes are followed and that
construction and renovations are performed by licensed professionals.
⩥ Building Efficiency. Answer: The ratio of usable square footage to
rentable square footage.
⩥ Building inspection. Answer: A process whereby local government
officials ensure compliance with state and local building codes.
