Colorado Law and Practice FINAL EXAM REVIEW Questions and Correct Answers 2025/2026

Colorado Law and Practice FINAL EXAM REVIEW Questions and Correct Answers 2025/2026 What do most leases prohibit? - Answer -Tenants from assigning the lease to another tenant without the landlords permission What happens when the federal government sells bonds and securities on the open market? - Answer -1. Increase discount rates 2. Sells securities 3. Raise reserve requirements How would an appraiser make adjustments to the comparable properties when using Sales Comparison Approach?? - Answer -- SBA: when subject property is better; add value - CBS: when comparable property is better; subtract value Functions of the Federal Reserve System - Answer -1. Reserves: amounts of money (assets) banks are required to keep on hand 2. Discount Rates: rate at which "Fed" charges banks for money 3. Buying/Selling: buy and sells securities or bonds 4 major intermediaries that comprise the Primary Mortgage market - Answer -1. Commercial Banks