Colibri School Exam Nj 2023(Updated)question And Answers Rated A+

Danita gets a deed of trust from ABC bank to finance the purchase of a house in Sunny Acres, a new subdivision. While the loan is outstanding, who holds the title to Danita property? {Ans: A trustee}Which lease tenancy is engaged in by a holdover tenant? {Ans: tenancy at sufferance}Which situation is NOT EXEMPT from the provisions of federal fair housing laws, assuming no discriminatory advertising is used and a licensee is not involved? {Ans: Barb is an owner-occupant of a duplex who will lease the other unit only to a white woman}Bert is showing his buyer a home in a historic district. The buyer mentions in passing that she would like to place solar panels on the roof. Beet knows that the homeowners association CC&Rs would prohibit this to protect the historic character of the neighborhood, but he doesn't tell the buyer for fear she'll loose interest in the house. Bert has committed {Ans: Actual fraud}Luke is Marks listing agent. Mark agrees that Luke can pay 3% to a cooperating broker. Licensee Lisa introduces buyer customer Bev to Mark's property. When Bev decides to make an offer on the house, she calls Luke directly. Luke