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Exam (elaborations)

final colibri real estate exam PT Questions and Answers 2024/2025

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  • Course
  • Colibri Real Estate
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  • Colibri Real Estate

Who can train office staff at a brokerage firm in weekly meetings? → All of the above Which step in the construction building process is likeliest to be first? → Grading Without legal capacity and mutual consent in place, courts may likely do what to the existing contracts or agency relat...

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  • October 15, 2024
  • 20
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Colibri Real Estate
  • Colibri Real Estate
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2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!


final colibri real estate exam PT
Questions and Answers 2024/2025
Who can train office staff at a brokerage firm in weekly meetings?

→ All of the above


Which step in the construction building process is likeliest to be first?

→ Grading


Without legal capacity and mutual consent in place, courts may likely do what to the existing

contracts or agency relationships?

→ All of the above


The term "business ethics" applies to which of the following statements?


→ 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?

→ Obtain the owner's consent.


A 90-day listing agreement is a type of _____.

→ Special Agency


Which of the following would be an example of personal ethics?


→ All of the above




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,2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!

Buyer Immanuel's broker finds out information about the seller which will help Immanuel in the

transaction. Loyalty is one of the duties of _____.

→ 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?

→ $3,908


Who is required to be the trustee for a brokerage trust account fund?

→ Principal Broker


Under what type of contract is a seller obligated to sell, but the buyer is not obligated to

buy?

→ Option


What is the name for the act of spending client funds without permission from a trust fund

account?

→ Conversion


What must a licensee first obtain before engaging in property management?


→ 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?



1|Page| GradeA+ | 2 0 0 2 5

, 2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!

→ Only with their client's knowledge and consent.


What type of bank accounts are trust funds placed into once received from clients?


→ Non-interest bearing accounts


What is "one click away" as it relates to the real estate profession?

→ 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?

→ All of the Above


Which location is an industrial coal plant least likely to be located?


→ 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?




Who does the Buyer's Agent owe their primary loyalty to in a purchase deal?


→ To the Buyer


For a dispute to qualify for arbitration, which of the following conditions must be met?

→ All of the above.




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