Colibri Real Estate Exam 2 Latest Update 2024/2025 with Complete Solutions
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Course
COLIBRI Real Estate
Institution
COLIBRI Real Estate
What happens with a judicial foreclosure? - CORRECT ANSWERS-The mortgaged property is sold under the supervision of a court.
Broker Dean realizes he has relocation buyers. What is something he should focus on with these buyers? - CORRECT ANSWERS-On finding a property with good resale value
Re...
Colibri Real Estate
Exam 2
Latest Update
with
Complete Solutions
, Colibri Real Estate Exam
What happens with a judicial foreclosure? - CORRECT ANSWERS-The mortgaged
property is sold under the supervision of a court.
Broker Dean realizes he has relocation buyers. What is something he should focus on
with these buyers? - CORRECT ANSWERS-On finding a property with good resale
value
Real estate licensees should know enough about building ordinances to be able to.. -
CORRECT ANSWERS-alert clients of potential problems in a home.
If an industrial property is described as "special purpose," it is - CORRECT ANSWERS-
unsuitable for many uses and processes.
During the final walk-through, the buyer sees that the seller did not remove a downed
tree. What is the best way of handling this? - CORRECT ANSWERS-At the closing, the
buyer could ask for a credit from the seller to remove the downed tree.
Who must a principal broker supervise in a real estate office? - CORRECT ANSWERS-
All licensees affiliated to the principal broker and all other unlicensed employees at that
office.
Broker Hannah just received a $5,000 escrow money deposit. How long does she have
to deposit it under Kentucky law? - CORRECT ANSWERS-Without unreasonable delay
What type of insurance is mandatory for all active licensees? - CORRECT ANSWERS-
errors and omissions insurance
Sales associate Nika is showing a property with an electronic lockbox, how should she
access the property? - CORRECT ANSWERS-By using the E-key smartphone
application
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