Colorado Real Estate Exam Prep | 140 Verified Questions And Answers With Complete Solutions | Latest Update 2024

adverse possession {Ans: owner not making use of property and a claimant has possessed openly, and notoriously for 18 years or 7 with cloud of title}mortgagor duties {Ans: pmt by terms taxes insurance good repair}Periodic Tenancy {Ans: No specific duration but notice must be given ex. week to week, month to month}Ad Velorum {Ans: general real estate tax based on property value specific, involuntary, statutory lien}net operating income {Ans: effective gross income - operating expenses}Net listing {Ans: broker keeps all monies above and beyond listing price}