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Final Colibri Real Estate Exam Pt Questions And Answers With Verified Solutions Already Passed!!!
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Final Colibri Real Estate Exam Pt Questions And Answers With Verified Solutions Already Passed!!!
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Final Colibri Real Estate Exam PtQuestions And Answers With Verified
Solutions Already Passed!!!
Who can train office staff at a brokerage firm in weekly meetings? -
ANSWER✔✔All of the above
Which step in the construction building process is likeliest to be first? -
ANSWER✔✔Grading
Without legal capacity and mutual consent in place, courts may likely do what to
the existing contracts or agency relationships? - ANSWER✔✔All of the above
The term "business ethics" applies to which of the following statements? -
ANSWER✔✔A form of applied ethics that examines ethical principles that arise in
a business environment.
What must a licensee first do before advertising listed property? -
ANSWER✔✔Obtain the owner's consent.
A 90-day listing agreement is a type of _____. - ANSWER✔✔Special Agency
Which of the following would be an example of personal ethics? - ANSWER✔✔All
of the above
Buyer Immanuel's broker finds out information about the seller which will help
Immanuel in the transaction. Loyalty is one of the duties of _____. -
ANSWER✔✔protection.
A property has sold for $185,000. The listing agreement calls for a commission of
6.5%. The listing broker and selling broker agree to share the commission equally.
What will the listing agent receive if the agent is scheduled to get a 65% share
from his broker? - ANSWER✔✔$3,908
Who is required to be the trustee for a brokerage trust account fund? -
ANSWER✔✔Principal Broker
, Under what type of contract is a seller obligated to sell, but the buyer is not
obligated to buy? - ANSWER✔✔Option
What is the name for the act of spending client funds without permission from a
trust fund account? - ANSWER✔✔Conversion
What must a licensee first obtain before engaging in property management? -
ANSWER✔✔A current written property management agreement.
When may a REALTOR® accept a rebate for services or suggest the use of services
of a business entity in which they have direct interest in? - ANSWER✔✔Only with
their client's knowledge and consent.
What type of bank accounts are trust funds placed into once received from
clients? - ANSWER✔✔Non-interest bearing accounts
What is "one click away" as it relates to the real estate profession? -
ANSWER✔✔When a viewer online can find the agent's contact information with
just one click of the mouse, smartphone, or keyboard
What would be a valid reason for a city to approve a zoning variance? -
ANSWER✔✔All of the Above
Which location is an industrial coal plant least likely to be located? -
ANSWER✔✔Adjacent to an Elementary SchoolTo the Buyer
Who can financially be held liable for a Salesperson or Associate Broker being
physically assaulted at an open house showing? - ANSWER✔✔
Who does the Buyer's Agent owe their primary loyalty to in a purchase deal? -
ANSWER✔✔To the Buyer
For a dispute to qualify for arbitration, which of the following conditions must be
met? - ANSWER✔✔All of the above.
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