Colorado Real Estate Exam: Questions And Answers
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a special permit that is issued to allow a land use normally in violation with current zoning is
called a - answer variance
nonmaterial information that would damage the sellers bargaining position can be disclosed to
the buyer: - answer only with the sellers written permission
the purpose of reviewing an offer with the buyer is to ensure that his or her wishes are expressed
in the contract and - answer the buyer understands the financial and other obligations
ginnie mae activities include all of the following except financing - answer new subdivisions
the covenant whereby the grantor warrants that she is the owner and the possessor of the
property being conveyed it's called the covenant of - answer seizen
the primary source of general revenues on which local governments operate are normally -
answer property taxes
to be enforceable a listing must be - answer written
what hidden defects should be disclosed in the sellers property disclosure statement - answer
any that would affect the buyers decision
the phrase in a contract indicating that a party is in breach of the contract if he or she fails to
perform my specified deadline is referred to as - answer time is of the essence
the fair housing amendment act of 1988 extended anti-discrimination coverage to families with
children and - answer the handicapped/disabled
if a sale fails to close because of a failure on the buyers part, the listing brokers commission -
answer is not earned
which of the following shows the mill rate as an expressed part of a dollar - answer .001 (one
, thousandth)
to earn a commission a listing broker with an exclusive listing must procure a ready willing and
able buyer at the sellers listing terms and - answer nothing else
in the government rectangular survey system, section 12 is located due - answer east of section
11
a suit in court to force a party to a contract to complete the requirements of the contract it's
called a suit for - answer specific performance
certain economic principles are of considerable importance in the valuation of real estate. The
principle that "no buyer will pay more for a product than the price he can pay for a reasonable
duplicate" is known as the principle of - answer substitution
to appraise a special use building an appraiser would most likely use the - answer cost approach
a salesperson wants to show a house twice in one day. The second time she - answer should call
the listing broker again
when an owner of land refuses to sell his land to the government or any governmental agency
under the right of eminent domain, the process used to require the owner to sell his land is -
answer
condemnation
all concurrent tenancies have the unity of - answer possession
when a home buyer assumes an existing loan and the lender releases the original borrower it is
called - answer novation
advertising property or services by real estate professionals, even on social media, should at a
minimum include: - answer the brokerage firms name
when more than one offer is received, the seller may accept or make a counteroffer on: - answer
any offer received
the deed covenant that obligates the grantor to perform any acts necessary to protect the title
conveyed is called the covenant of - answer further assistance
Verified 100% Correct Guaranteed A+ Score : Latest
Updated
a special permit that is issued to allow a land use normally in violation with current zoning is
called a - answer variance
nonmaterial information that would damage the sellers bargaining position can be disclosed to
the buyer: - answer only with the sellers written permission
the purpose of reviewing an offer with the buyer is to ensure that his or her wishes are expressed
in the contract and - answer the buyer understands the financial and other obligations
ginnie mae activities include all of the following except financing - answer new subdivisions
the covenant whereby the grantor warrants that she is the owner and the possessor of the
property being conveyed it's called the covenant of - answer seizen
the primary source of general revenues on which local governments operate are normally -
answer property taxes
to be enforceable a listing must be - answer written
what hidden defects should be disclosed in the sellers property disclosure statement - answer
any that would affect the buyers decision
the phrase in a contract indicating that a party is in breach of the contract if he or she fails to
perform my specified deadline is referred to as - answer time is of the essence
the fair housing amendment act of 1988 extended anti-discrimination coverage to families with
children and - answer the handicapped/disabled
if a sale fails to close because of a failure on the buyers part, the listing brokers commission -
answer is not earned
which of the following shows the mill rate as an expressed part of a dollar - answer .001 (one
, thousandth)
to earn a commission a listing broker with an exclusive listing must procure a ready willing and
able buyer at the sellers listing terms and - answer nothing else
in the government rectangular survey system, section 12 is located due - answer east of section
11
a suit in court to force a party to a contract to complete the requirements of the contract it's
called a suit for - answer specific performance
certain economic principles are of considerable importance in the valuation of real estate. The
principle that "no buyer will pay more for a product than the price he can pay for a reasonable
duplicate" is known as the principle of - answer substitution
to appraise a special use building an appraiser would most likely use the - answer cost approach
a salesperson wants to show a house twice in one day. The second time she - answer should call
the listing broker again
when an owner of land refuses to sell his land to the government or any governmental agency
under the right of eminent domain, the process used to require the owner to sell his land is -
answer
condemnation
all concurrent tenancies have the unity of - answer possession
when a home buyer assumes an existing loan and the lender releases the original borrower it is
called - answer novation
advertising property or services by real estate professionals, even on social media, should at a
minimum include: - answer the brokerage firms name
when more than one offer is received, the seller may accept or make a counteroffer on: - answer
any offer received
the deed covenant that obligates the grantor to perform any acts necessary to protect the title
conveyed is called the covenant of - answer further assistance
