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Colibri Real Estate Final Exam Questions with 100% Correct Answers | Latest Update | Verified

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Wetlands: need a permit for... - ️️clearing, adding structures, draining/filling, pesticides Open house, declined agency relationship... What does the agent owe the person? - ️️honesty buyer p Protected by Fair Housing Act - ️️race, nat. origin, sex, color, religion, disability, familial status ays seller to occupy and use property - ️️land contract buyer pays rent and other expenses - ️️net lease buyer pays only rent - ️️gross lease Tenants in common, 2 of 3 peo...

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Colibri Real Estate Chapter 2 Quiz Questions And Answers Latest Updates

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When the agency relationship has been terminated, the licensee is no longer considered the principal's agent but still owes which of the following duties to the principal? - ️️Accounting Which of the following may not involuntarily terminate an agency relationship? - ️️Expiration of the agreement term When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes - ️️A subagent An agency relationship ...

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Final Exam-Colibri Real Estate Questions and Answers(A+ Solution guide)

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What must happen with all funds in a sale - ️️All money that belongs to clients or customers must be deposited in the brokerage trust fund as soon as possible ASAP after receipt . A property's value is $ 125,000 and its land value is $ 10,000 . Assuming a depreciation term of 35 years , what is the amount of annual depreciation ? - ️️depreciation ? Total value $ 125,000- $ 10,000 land = $115,000 improvements / 35 years = $ 3,286 annual depreciation 21. MATH PROBLEM : GROSS RENT MU...

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final colibri real estate exam PT Questions And Answers Latest Updates

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What is the name for the act of spending client funds without permission from a trust fund account? - ️️Conversion Without legal capacity and mutual consent in place, courts may likely do what to the existing contracts or agency relationships? - ️️All of the above Which step in the construction building process is likeliest to be first? - ️️Grading The term "business ethics" applies to which of the following statements? - ️️A form of applied ethics that examines ethical p...

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Colibri Real Estate (Real Estate Express) Final Exam Review Questions And Answers Latest Updates

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Haru is working with his buyers to draw up a written offer on a property they want to purchase. Which of the following items is not required in the offer? A) The property description B) The mortgage lender C) The method of payment D) Special stipulations the offer requires - ️️B) The mortgage lender Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal as...

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Colibri School Exam NJ Questions And Answers Latest Updates

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Danita gets a deed of trust from ABC bank to finance the purchase of a house in Sunny Acres, a new subdivision. While the loan is outstanding, who holds the title to Danita property? - ️️A trustee Which situation is NOT EXEMPT from the provisions of federal fair housing laws, assuming no discriminatory advertising is used and a licensee is not involved? - ️️Barb is an owner-occupant of a duplex who will lease the other unit only to a white woman In a real estate transaction the pr...

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colibri real estate practice Questions And Answers Already Graded A+

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All of the following are true statements about goals except which one? - ️️Once you set a goal you should never change it. Alice has decided that she will specialize in selling farm land. Which area of specialization would she fall into? - ️️Type of property Which of the following statements is not true? - ️️A broker is not responsible for the acts of independent contractors. Which of these statements is true? - ️️Salespersons must perform all of their activities on behalf...

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Colibri Real Estate Final Exam (KY) 1 Questions and Answers 100% Pass

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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 _______. - ️️Tester What is NOT required between two parties as it relates to the violation of "mutual assent"? - ️️Written contacts According to article 2, which of the following statements are TRUE? - ️️REALTORS® must disclose all known material facts but are not obligated to discover latent defects in the proper...

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Colibri Real Estate: Chapter 1 Test Questions And Answers Latest Updates

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The buyer's tastes and standards based on lifestyle. - ️️Social The relative supply of available houses. - ️️Economic, social General trends of buyers toward one city or area over another. - ️️Social The opening of a new corporate headquarters - ️️Economic The property's exact position in a neighborhood, city, and region. - ️️Physical The main industry of an area - ️️Economic The Fed's plan for spending and debt management. - ️️Economic The regulation of mon...

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