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Colibri Real Estate Test Questions With Complete Solutions
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Colibri Real Estate Test Questions With Complete Solutions
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Colibri Real Estate Test Questions WithComplete Solutions
A broker price option must include what the price was based on
and: Correct Answers Applicable market data
A capital loss can only be claimed on? Correct Answers
Investment Property
A closing disclosure must contain the information prescribed in
the: Correct Answers TRID rule
A good negotiator is a good? Correct Answers Bargainer/
Communicator
A market study is made to find those comparable sales and
listings that are what? Correct Answers Similar to the property
being appraised
A popular program is FHA Condominium Loans, which are
designed to encourage lenders to offer affordable mortgage
credit to those who have non-conventional forms ownership.
Insurance for this type of housing is provided through: Correct
Answers FHA Section 234(C)
A real estate firm may offer a computerized loan organization
system (CLO), who does RESPA say must pay the fee for such a
service? Correct Answers The borrower
, A seller leaseback is also called? Correct Answers Rent-Back
Agreement
According to government regulations, the majority of a savings
and loan association's assets must be in? Correct Answers Real
Estate Loans
According to the CAN-SPAM Act, commercial e-mailers must
reveal the identity of the sender and: Correct Answers The
name of the advertiser entity
According to the US Department of Housing and Urban
Development, more than what percent os the US residential
housing stock contains some lead-based paint? Correct Answers
About 30%
Agents who choose to change their insurance providers often
decide to purchase what type of coverage to cover any possible
claims that may be made months or years after switching
policies? Correct Answers Liability Insurance
Allows law enforcement officials to obtain a search warrant
anywhere a terrorist-related activity has occurred.
Search of the specially designated nationals list maintained by
the United States Office of Foreign Assets Control. Correct
Answers Patriot Act Search
An agreement among competitors to raise, lower, maintain, or
stabilize prices or price levels. Correct Answers Price-Fixing
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