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NEW COLIBRI REAL ESTATE PRACTICE EXAM Q&A WITH RATIONALES TESTED AND APPROVED NEWLY MODIFIED

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NEW COLIBRI REAL ESTATE PRACTICE EXAM Q&A WITH RATIONALES TESTED AND APPROVED NEWLY MODIFIED

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NEW COLIBRI REAL ESTATE PRACTICE EXAM
Q&A

WITH RATIONALES TESTED AND APPROVED
NEWLY MODIFIED


In creating a joint tenancy, there are four unities. Which of the following is NOT one of the
four?

Unity of Time

Unity of Possession

Unity of Interest

Unity of Origination -- ANSWER--Unity of Origination




What type of contract consists of obligations arising from a mutual agreement and intent to
promise where the agreement and promise have not been expressed in words?

An unconscionable contract

An aleatory contract

An implied contract

A unilateral contract -- ANSWER--An implied contract



Who are the primary regulatory entities of the real estate business?

The real estate commission

Local governments

State governments


Page 1 of 121

,City governments -- ANSWER--State governments



The rectangular survey system divides a township into thirty six squares called blocks.
sections. parcels. lots. -- ANSWER--sections.



What describes plants or crops that are considered personal property since human
intervention is necessary for planting and harvesting?

Appurtenances

Conservation

Fodder

Emblements -- ANSWER--Emblements



What doctrine states that if a property owner is lax in protecting his or her rights, the property
owner may lose those rights?

The Doctrine of Reapportionment

The Doctrine of Laches

The Act of State Doctrine

The Cumulative Rights Doctrine -- ANSWER--The Doctrine of Laches



The collection of Roman law contributed the model for which type of law?

Civil law

Criminal law

Case law

Common law -- ANSWER--Civil law




Page 2 of 121

,What term, in the California Civil Code addressing mobile home residency, describes the
right of a homeowner to use the site within a mobile home park?

Leasehold

Specific use

Tenancy

Propriety -- ANSWER--Tenancy



Who serves as the chief executive of the Department of Real Estate in California?

The CEO of CalDRE

The California Real Estate Commissioner

The California Executive Branch

The Chief Executive Officer of California -- ANSWER--The California Real Estate

Commissioner



What type of lien is one placed against any and all real and personal property owned by a
particular debtor? A specific lien

A general lien

A senior lien

A junior lien -- ANSWER--A general lien



What describes when a borrower requests that the lender replace him or her on the loan
instrument with a new buyer who must go through a process of full substitution? Restoration

Novation

Successor

Renewal -- ANSWER--Novation


Page 3 of 121

, When working with any client, the broker's job is to protect the broker's interest. protect the
client's interest. get the best price. establish a good rapport. -- ANSWER--protect the client's
interest.



The discovery step of civil cases is where the parties use a mediator. the complaint is filed.
each party presents their case.

each party gathers information from each other and third parties. -- ANSWER--each party
gathers information from each other and third parties.



What phrase could a licensee use in advertising that would not discriminate on the basis of
familial status? Couples only

Empty nesters

No bicycles allowed

Senior discount -- ANSWER--Senior discount



Who is charged with the responsibility of making sure that owners do not use their property
in a way that will harm the public?

The Real Estate Commission

The HOA

The government

The zoning committee -- ANSWER--The HOA



What type of residential survey, also called a drive-by survey, is designed to show the
location of the house and other large structures on the property?

A house location survey


Page 4 of 121

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