Colorado Real Estate Terms Study Guide Rated A+

The failure to perform provisions of a contract without a legal excuse is known as a(n): termination of contract exclusions option breach of contract {Ans: breach of contract}If a person lives in an apartment, and owns stock in the corporation possessing the proprietary lease, this is known as a: Condominium Cooperative time sharing community property {Ans: Cooperative}The illegal practice of inducing homeowners to sell their properties by making representations about the prospective entry of persons of a certain race/national origin into the neighborhood is also called: redlining blockbusting commingling steering {Ans: blockbusting}he law that requires real estate contracts to be in writing to be enforceable is the statute of frauds. statute of limitations. law of descent and distribution. parole evidence rule. {Ans: statute of frauds.}A court order that authorizes and directs the proper officer of the court to sell the property of a defendant as required by the judgment or decree of the court is known as: a writ of attachment a writ of execution constructive eviction actual eviction {Ans: a writ of execution}This illegal activity is a conspiracy to boycott a firm and drive it out of business. This is known as: price-fixing redlining