Colibri Real Estate (Real Estate Express) Final Exam Review
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Course
Colibri Real Estate
Institution
Colibri Real Estate
Colibri Real Estate (Real Estate Express) Final Exam Review
Broker Jane has been accused of a law
violation regarding commissions. Which
of the following might result in her being
found guilty?
A) Jane paid a commission to her li-
censed personal assistant.
B) Jane paid a commission to the w...
Colibri Real Estate (Real Estate Express) Final Exam Review
Broker Jane has been accused of a law
violation regarding commissions. Which
of the following might result in her being
found guilty?
A) Jane paid a commission to her li-
censed personal assistant.
B) Jane paid a commission to the wife of D) Jane paid a commission to a Florida
one of her licensees who was recently licensee who is not licensed in Georgia
killed in an auto accident. The deceased for licensing activity in Georgia.
licensee had earned the commission pri-
or to his death.
C) Jane paid a commission plus a bonus
to one of her licensees.
D) Jane paid a commission to a Florida
licensee who is not licensed in Georgia
for licensing activity in Georgia.
Any salesperson can legally receive her
share of the commission on a sale from
A) her employing broker only.
B) any cooperating broker with whom A) her employing broker only.
she completes a sale.
C) a builder she represents in a sale
D) the purchaser of the home in a suc-
cessful sale.
Which of the following is NOT a protected
class under Georgia fair housing law?
A) Sexual preference A) Sexual preference
B) Familial status
C) Religion
D) Race
Syed is an inactive licensee. He just
moved to a new home across town. What
must he do?
A) Call the Commission and give it his
, Colibri Real Estate (Real Estate Express) Final Exam Review
new address.
B) Report the address change when he's
ready to reactivate his license.
C) Send a written notice to the Commis-
C) Send a written notice to the Commis-
sion within 30 days.
sion within 30 days.
D) Notify the post office to send a change
of address notice to the Commission.
How many hours of continuing education
must a licensee complete for each year
of licensure?
A) 8 hours B) 9 hours
B) 9 hours
C) 5 hours
D) 4 hours
Glenda is the office manager for a local
real estate firm. She is responsible for
coordinating the paperwork flow through
the office, preparing ads and supervising
the clerical staff. Glenda is
D) exempt from the license law.
A) required to have a salesperson's li-
cense.
B) violating license law.
C) required to have a broker license.
D) exempt from the license law.
Haru is working with his buyers to draw
up a written offer on a property they want
to purchase. Which of the following items
is not required in the offer?
B) The mortgage lender
A) The property description
B) The mortgage lender
C) The method of payment
D) Special stipulations the offer requires
Kezia just bought and closed on a new
D) $496.50
home that cost $195,000. her mortgage
amount is $165,500. how much is the
, Colibri Real Estate (Real Estate Express) Final Exam Review
intangible recording tax on Kezia's prop- *An intangible recording tax is due and
erty? payable on each instrument securing
one or more long-term notes at the rate
A) $585 of $1.50 per each $500
B) $195
C) $165.50 $165,500 ÷ $500 = 331
D) $496.50 331 x $1.50 = $496.50
Salesperson Gordon refuse to accept an
offer to purchase his home from buyer
Juan Valdez of Columbia because Gor-
don feels the earnest money of $100 is
not enough. Which of the following state-
ments about Gordon's refusal is correct?
A) Gordon is in violation of fair housing B) Since Gordon refused on the basis of
law because he discriminated on the ba- the earnest money, he is not in violation
sis of national origin. of fair housing law.
B) Since Gordon refused on the basis of
the earnest money, he is not in violation
of fair housing law.
C) Gordon is in violation of civil rights law
because he discriminated on the basis of
race.
D) Gordon is guilty of redlining
Jada is a community association manag-
er. Which of the following would be one
of her duties?
A) Advising an owner about his legal lia-
bility for a visitor's injury on his property. D) Sending a monthly newsletter to the
B) Following the instructions of all the owners.
owners in the community association.
C) Lending $1,000 to the community as-
sociation.
D) Sending a monthly newsletter to the
owners.
Which of the following does NOT need to
be included in a property management
, Colibri Real Estate (Real Estate Express) Final Exam Review
agreement?
A) A specific description of the property
C) The names of the tenants
B) The names of the owners
C) The names of the tenants
D) The terms of the management fee
Gary got his license in May of 2021. His
birthday is September 28. When will his
C) September 30, 2025
license expire?
*Real estate licenses expire on the last
A) May 31, 2025
day of the licensee's birth month, every
B) September 1, 2025
4 years.
C) September 30, 2025
D) May 1, 2009
A seller's agent must disclose any ad-
verse physical conditions in the imme-
diate neighborhood within of a
property.
A) 1 mile
A) 1 mile
B) 2 miles
C) 5 miles
D) 10 miles
Jadarius has had his license suspended.
By law, Jadarius's name will b e pub-
lished on the Georgia Real Estate Com-
mission website if the licenses has been
suspended for how long?
C) 60 days
A) 15 days
B) 30 days
C) 60 days
D) 90 days
Why was the Real Estate Education, Re-
search and Recovery Fund established?
A) To educate the public about real es-
tate
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