2/21/25, 10:49 AM Colibri School Exam NJ | Questions with Correct Answers | 2025 Version Flashcards | Quizlet
Colibri School Exam NJ | Questions with Correct
Answers | 2025 Version
Save
Terms in this set (44)
Missy offers seller Jordan 39,100
$189,500 for his house.
Jordan accepts. The
appraisal comes in at
$188,000. If Missy's lender
requires a loan-to-value
ratio of 80%, how much of
a down payment must
Missy make?
$37,600
$37,900
$39,100
$39,500
https://quizlet.com/1008821893/colibri-school-exam-nj-questions-with-correct-answers-2025-version-flash-cards/?new 1/15
, 2/21/25, 10:49 AM Colibri School Exam NJ | Questions with Correct Answers | 2025 Version Flashcards | Quizlet
Standard title insurance The planning board reasoned the neighborhood
coverage protects against
loss resulting from each of
the following EXCEPT
the person signing the
deed was considered
mentally incompetent.
the planning board
rezoned the
neighborhood.
the legal description of
the property indicated the
wrong lot number.
a title abstractor missed
an outstanding lien
searching the public
records.
Carla wants to buy Ben's Executory
house for $221,000. Carla
includes a contingency
clause in the offer stating
that she must sell her
current house first. Ben
agrees as long as Carla's
house sells within 45 days.
They sign the purchase
agreement. During that
45-day period, the
contract is
executed.
executory.
unenforceable.
voidable.
https://quizlet.com/1008821893/colibri-school-exam-nj-questions-with-correct-answers-2025-version-flash-cards/?new 2/15
Colibri School Exam NJ | Questions with Correct
Answers | 2025 Version
Save
Terms in this set (44)
Missy offers seller Jordan 39,100
$189,500 for his house.
Jordan accepts. The
appraisal comes in at
$188,000. If Missy's lender
requires a loan-to-value
ratio of 80%, how much of
a down payment must
Missy make?
$37,600
$37,900
$39,100
$39,500
https://quizlet.com/1008821893/colibri-school-exam-nj-questions-with-correct-answers-2025-version-flash-cards/?new 1/15
, 2/21/25, 10:49 AM Colibri School Exam NJ | Questions with Correct Answers | 2025 Version Flashcards | Quizlet
Standard title insurance The planning board reasoned the neighborhood
coverage protects against
loss resulting from each of
the following EXCEPT
the person signing the
deed was considered
mentally incompetent.
the planning board
rezoned the
neighborhood.
the legal description of
the property indicated the
wrong lot number.
a title abstractor missed
an outstanding lien
searching the public
records.
Carla wants to buy Ben's Executory
house for $221,000. Carla
includes a contingency
clause in the offer stating
that she must sell her
current house first. Ben
agrees as long as Carla's
house sells within 45 days.
They sign the purchase
agreement. During that
45-day period, the
contract is
executed.
executory.
unenforceable.
voidable.
https://quizlet.com/1008821893/colibri-school-exam-nj-questions-with-correct-answers-2025-version-flash-cards/?new 2/15
