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Colibri real estate Exam Bundle Questions and Answers Graded A+
Colibri real estate Exam Bundle Questions and Answers Graded A+
[Show more]Colibri real estate Exam Bundle Questions and Answers Graded A+
[Show more]Licensee may choose - ANSWER-Sales 
Leasing 
Management 
Counseling 
 
There are Six Major Real Estate Property Types: - ANSWER-Residential property - a family home that is 4 units or less, or vacant land that has been zoned for 4 units or less. 
 
Commercial property - income producing property - r...
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Add to cartLicensee may choose - ANSWER-Sales 
Leasing 
Management 
Counseling 
 
There are Six Major Real Estate Property Types: - ANSWER-Residential property - a family home that is 4 units or less, or vacant land that has been zoned for 4 units or less. 
 
Commercial property - income producing property - r...
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 following circumstances w...
Preview 2 out of 13 pages
Add to cartWhich 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 following circumstances w...
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-Condemnation of the property 
 
Sally is a suba...
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Add to cartWhen 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-Condemnation of the property 
 
Sally is a suba...
Broker Price Opinion - ANSWER-An opinion by a local expert of the of the value of a property based upon properties recently sold in the market. 
 
Comparative Market Analysis (CMA) - ANSWER-A method of valuing homes that looks not only at recent home sales, homes in the market and homes that were li...
Preview 2 out of 5 pages
Add to cartBroker Price Opinion - ANSWER-An opinion by a local expert of the of the value of a property based upon properties recently sold in the market. 
 
Comparative Market Analysis (CMA) - ANSWER-A method of valuing homes that looks not only at recent home sales, homes in the market and homes that were li...
A method of legal description that uses definite property lines and starting points is called? - ANSWER-Formal metes and bounds 
 
The seller wants to net $175, 000 after paying a 6% commission to the listing broker and the $500 appraisal fee. What is the minimum selling price of the home? - ANSWER-...
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Add to cartA method of legal description that uses definite property lines and starting points is called? - ANSWER-Formal metes and bounds 
 
The seller wants to net $175, 000 after paying a 6% commission to the listing broker and the $500 appraisal fee. What is the minimum selling price of the home? - 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 - ANSWE...
Preview 2 out of 10 pages
Add to cartwhat 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 - ANSWE...
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