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Colibri Real Estate Practice Final Exam Questions and Answers 100% Pass
Colibri Real Estate Practice Final Exam 
Questions and Answers 100% Pass 
Why is the condition of bearing walls more important than non bearing walls? - Answer- 
Bearing walls support the ceiling and the roof. 
Owner Tom decided to lease out his basement to a college student. By leasing the 
basement, Tom has - Answer- transferred a portion of his bundle of rights 
What is a forecast of income and expenses that can be projected over five years? - 
Answer- Stabilized budget 
A buyer told broker L...
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- Exam (elaborations)
- • 11 pages •
Colibri Real Estate Practice Final Exam 
Questions and Answers 100% Pass 
Why is the condition of bearing walls more important than non bearing walls? - Answer- 
Bearing walls support the ceiling and the roof. 
Owner Tom decided to lease out his basement to a college student. By leasing the 
basement, Tom has - Answer- transferred a portion of his bundle of rights 
What is a forecast of income and expenses that can be projected over five years? - 
Answer- Stabilized budget 
A buyer told broker L...
Colibri Real Estate Final Exam Questions and Answers 100% Correct
Colibri Real Estate Final Exam Questions and 
Answers 100% Correct 
land contract - Answer- buyer pays seller to occupy and use property 
net lease - Answer- buyer pays rent and other expenses 
gross lease - Answer- buyer pays only rent 
goes to heirs - Answer- Tenants in common, 2 of 3 people die. Who gets the property of 
those who died? 
Tenant owns it in severality - Answer- Joint Tenancy, 3 of 4 people die. Who gets 
property of those who died? 
Client - Answer- Another word for principal 
...
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- Exam (elaborations)
- • 6 pages •
Colibri Real Estate Final Exam Questions and 
Answers 100% Correct 
land contract - Answer- buyer pays seller to occupy and use property 
net lease - Answer- buyer pays rent and other expenses 
gross lease - Answer- buyer pays only rent 
goes to heirs - Answer- Tenants in common, 2 of 3 people die. Who gets the property of 
those who died? 
Tenant owns it in severality - Answer- Joint Tenancy, 3 of 4 people die. Who gets 
property of those who died? 
Client - Answer- Another word for principal 
...
colibri real estate practice questions and answers 100% correct
colibri real estate practice questions and 
answers 100% correct 
Which of the following would be an example of a licensee specializing in business type? 
- Answer- Jim specializes in clients who want to buy restaurants. 
Which of the following statements is not true? - Answer- A broker is not responsible for 
the acts of independent contractors. 
Which of these statements is true? - Answer- Salespersons must perform all of their 
activities on behalf of their employing broker. 
Which of the fol...
- Package deal
- Exam (elaborations)
- • 18 pages •
colibri real estate practice questions and 
answers 100% correct 
Which of the following would be an example of a licensee specializing in business type? 
- Answer- Jim specializes in clients who want to buy restaurants. 
Which of the following statements is not true? - Answer- A broker is not responsible for 
the acts of independent contractors. 
Which of these statements is true? - Answer- Salespersons must perform all of their 
activities on behalf of their employing broker. 
Which of the fol...
Real Estate Colibri Practice Exam Questions and Answers 100% Correct
Real Estate Colibri Practice Exam Questions and 
Answers 100% Correct 
Which item below can help protect against a home with a listed incorrect street address 
or legal description in public records? - Answer- Standard coverage title insurance 
policy and extended coverage title insurance policy 
Robert owns his property and enjoys the full bundle of rights. Can he use his property 
as collateral for debt? - Answer- Yes. Robert can encumber his property 
Which location is an industrial coal plan...
- Package deal
- Exam (elaborations)
- • 15 pages •
Real Estate Colibri Practice Exam Questions and 
Answers 100% Correct 
Which item below can help protect against a home with a listed incorrect street address 
or legal description in public records? - Answer- Standard coverage title insurance 
policy and extended coverage title insurance policy 
Robert owns his property and enjoys the full bundle of rights. Can he use his property 
as collateral for debt? - Answer- Yes. Robert can encumber his property 
Which location is an industrial coal plan...
Colibri Real Estate: Ch.2-7 Exam Questions and Answers 100% Pass
Colibri Real Estate: Ch.2-7 Exam Questions and 
Answers 100% Pass 
*Ch. 2: Real Property Fundamentals (p. 17)* - Answer- 
what is land legally considered to include? what does an owner have rights to? - 
Answer- - *surface* of the earth, *subsurface* of the center of the earth, & *air* above 
the land (e.g. mineral rights, water, etc.) 
^ owner has rights to all of that within property's boundaries 
real estate - Answer- actual *physical land* (aka unimproved land or raw land) and its 
*permane...
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- Exam (elaborations)
- • 15 pages •
Colibri Real Estate: Ch.2-7 Exam Questions and 
Answers 100% Pass 
*Ch. 2: Real Property Fundamentals (p. 17)* - Answer- 
what is land legally considered to include? what does an owner have rights to? - 
Answer- - *surface* of the earth, *subsurface* of the center of the earth, & *air* above 
the land (e.g. mineral rights, water, etc.) 
^ owner has rights to all of that within property's boundaries 
real estate - Answer- actual *physical land* (aka unimproved land or raw land) and its 
*permane...
colibri real estate law Exam Questions and Answers 100% Pass
colibri real estate law Exam Questions and 
Answers 100% Pass 
The discovery step of civil cases is where 
the parties use a mediator. 
the complaint is filed. 
each party presents their case. 
each party gathers information from each other and third parties. - Answer- each party 
gathers information from each other and third parties. 
What phrase could a licensee use in advertising that would not discriminate on the basis 
of familial status? 
Couples only 
Empty nesters 
No bicycles allowed 
S...
- Package deal
- Exam (elaborations)
- • 26 pages •
colibri real estate law Exam Questions and 
Answers 100% Pass 
The discovery step of civil cases is where 
the parties use a mediator. 
the complaint is filed. 
each party presents their case. 
each party gathers information from each other and third parties. - Answer- each party 
gathers information from each other and third parties. 
What phrase could a licensee use in advertising that would not discriminate on the basis 
of familial status? 
Couples only 
Empty nesters 
No bicycles allowed 
S...
Colibri Real Estate Chapter 1 Questions and Answers 100% Pass
Colibri Real Estate Chapter 1 Questions and 
Answers 100% Pass 
What five economic characteristics affect the value of land in the marketplace? 
(D.U.S.T.S) - Answer- 1. Demand; The more demand a property has, the higher the 
value 
2. Utility (Or usefulness); More space/rooms etc.. the more useful .. 3 bed 4 bath > 1 
bed 2 bath 
3. Scarcity; A property will sell quickly if limited property's available 
4. Transferability; Real estate is readily transferable from seller to buyer (loans 
ava...
- Package deal
- Exam (elaborations)
- • 4 pages •
Colibri Real Estate Chapter 1 Questions and 
Answers 100% Pass 
What five economic characteristics affect the value of land in the marketplace? 
(D.U.S.T.S) - Answer- 1. Demand; The more demand a property has, the higher the 
value 
2. Utility (Or usefulness); More space/rooms etc.. the more useful .. 3 bed 4 bath > 1 
bed 2 bath 
3. Scarcity; A property will sell quickly if limited property's available 
4. Transferability; Real estate is readily transferable from seller to buyer (loans 
ava...
Colibri Real Estate Chapter 2 Quiz Questions with 100% Correct Answers
Colibri Real Estate Chapter 2 Quiz 
Questions with 100% Correct Answers 
An agency relationship may be involuntarily terminated by which of the following? - 
Answer- By destruction of the property through fire, vandalism, or natural disaster 
When a seller authorizes a unilateral offer of subagency to all MLS members, any agent 
who shows the listed property automatically becomes - Answer- A subagent 
An agency relationship may be involuntarily terminated by which of the following? - 
Answer- Co...
- Package deal
- Exam (elaborations)
- • 32 pages •
Colibri Real Estate Chapter 2 Quiz 
Questions with 100% Correct Answers 
An agency relationship may be involuntarily terminated by which of the following? - 
Answer- By destruction of the property through fire, vandalism, or natural disaster 
When a seller authorizes a unilateral offer of subagency to all MLS members, any agent 
who shows the listed property automatically becomes - Answer- A subagent 
An agency relationship may be involuntarily terminated by which of the following? - 
Answer- Co...
final colibri real estate exam PT Questions and Answers 100% Pass
final colibri real estate exam PT Questions and 
Answers 100% Pass 
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- ...
- Package deal
- Exam (elaborations)
- • 14 pages •
final colibri real estate exam PT Questions and 
Answers 100% Pass 
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- ...
Final Exam-Colibri Real Estate Questions and Answers 100% Pass
Final Exam-Colibri Real Estate Questions and 
Answers 100% Pass 
1. All six members of the Georgia Real Estate Commission are appointed by - Answer- 
The Governor of Georgia 
How many commission members must be licensed - Answer- Five of the six members 
of the Georgia Real Estate can have licenses One must be an unlicensed member of 
the " general public 3. EARLNOTES 
What must happen with all funds in a sale - Answer- All money that belongs to clients or 
customers must be deposited in the br...
- Package deal
- Exam (elaborations)
- • 21 pages •
Final Exam-Colibri Real Estate Questions and 
Answers 100% Pass 
1. All six members of the Georgia Real Estate Commission are appointed by - Answer- 
The Governor of Georgia 
How many commission members must be licensed - Answer- Five of the six members 
of the Georgia Real Estate can have licenses One must be an unlicensed member of 
the " general public 3. EARLNOTES 
What must happen with all funds in a sale - Answer- All money that belongs to clients or 
customers must be deposited in the br...
Earth Science Exam Review 2024 with Complete Solutions
Hondros Nursing 172 Exam 2 Questions and Answers 100% Pass
Oregon Pesticide Examination: Ornamental and Turf Herbicide Questions and Answers 100% Pass
Xcel Solutions Property & Casualty Exam Questions and Answers
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
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