30 HOUR COLIBRI REAL ESTATE FINAL PA EXAM
NEWEST ACTUAL EXAM WITH ACCURATE
COMPLETE QUESTIONS AND DETAILED ANSWERS |
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Neal's home has been foreclosed on and sold at a Sheriff's sale.
The sale brought in $500,000 and the total liabilities on the
home were $425,000. Who receives the additional $75,000?
A. The lender
B. Neal
C. The purchaser if the property
D. The states real estate commission or recovery fund
B. Neal
A tenant who stays in rented property after the lease has
expired without the consent of the landlord is said to have
____?
a. A tenant at request
b. A freeload tenant
c. A tenant in sufferance
,d. An encroaching tenant
C. A tenant in sufferance
Which of these activities is appropriate to do within the first
few days of obtaining a listing?
A. Discuss modifying the listing price
B. Discuss protected classes for he sellers do not want to show
the home to
C. Require seller to pay for formal appraisal
D. Have managing broker send a "thank you for listing" letter to
the sellers
D. Have managing broker send a "thank you for listing" letter
to the sellers
Unlike buyer/seller agency agreements that create _________,
the management agreement creates ________?
A. General agency, special agency
B. Universal agency, special agency
C. Special agency, universal agency
D. Special agency, general agency
,D. Special agency, general agency
The cost to replace an improvement with original materials is
known as ____?
A. Replacement cost
B. Placebo cost
C. Cloning cost
D. Reproduction cost
D. Reproduction cost
Vicky was posing as a customer of Establishment Realty.
However, she was really there to see if Establishment Realty
was following fair housing laws. Vicky was a
____?
A. Tester
B. Block watcher
C. Yellow liner
D. Checkers
A. Tester
, If a comparable has one less bathroom than the subject, an
adjustment is made by ____?
A. Adding value to the subject
B. Deducting value from the subject
C. Adding value to the comp
D. Deducting value from the comp
C. Adding value to the comp
Morgan owned a large condominium on the ocean. She died
and no legal heirs were found. Who will receive title to the
property?
A. The state or county
B. The previous owner of the condominium unit
C. The federal government
D. The developer of the condominium complex
A. The state or county
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