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Colibri Real Estate (Real Estate Express) Final Exam Review Questions And Answers.
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Colibri Real Estate (Real Estate Express) Final Exam Review Questions And Answers.
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Colibri Real Estate (Real Estate Express)Final Exam Review Questions And
Answers.
BrokersJaneshassbeensaccusedsofsaslawsviolationsregardingscommissions.sWhichsofsthesfo
llowingsmightsresultsinshersbeingsfoundsguilty?
A)sJanespaidsascommissionstosherslicensedspersonalsassistant.
B)sJanespaidsascommissionstostheswifesofsonesofsherslicenseesswhoswassrecentlyskilledsins
ansautosaccident.sThesdeceasedslicenseeshadsearnedsthescommissionspriorstoshissdeath.
C)sJanespaidsascommissionsplussasbonusstosonesofsherslicensees.
D)sJanespaidsascommissionstosasFloridaslicenseeswhosissnotslicensedsinsGeorgiasforslicensi
ngsactivitysinsGeorgia.s-
scorrectsanswer.ssssD)sJanespaidsascommissionstosasFloridaslicenseeswhosissnotslicensedsin
sGeorgiasforslicensingsactivitysinsGeorgia.
Anyssalespersonscanslegallysreceivesherssharesofsthescommissionsonsassalesfrom
A)shersemployingsbrokersonly.
B)sanyscooperatingsbrokerswithswhomsshescompletessassale.
C)sasbuildersshesrepresentssinsassale
D)sthespurchasersofstheshomesinsassuccessfulssale.s-
scorrectsanswer.ssssA)shersemployingsbrokersonly.
WhichsofsthesfollowingsissNOTsasprotectedsclasssundersGeorgiasfairshousingslaw?
A)sSexualspreference
B)sFamilialsstatus
C)sReligion
D)sRaces-scorrectsanswer.ssssA)sSexualspreference
Syedsissansinactiveslicensee.sHesjustsmovedstosasnewshomesacrossstown.sWhatsmustshesd
o?
,A)sCallsthesCommissionsandsgivesitshissnewsaddress.
B)sReportsthesaddressschangeswhenshe'ssreadystosreactivateshisslicense.
C)sSendsaswrittensnoticestosthesCommissionswithins30sdays.
D)sNotifysthespostsofficestossendsaschangesofsaddresssnoticestosthesCommission.s-
scorrectsanswer.ssssC)sSendsaswrittensnoticestosthesCommissionswithins30sdays.
Howsmanyshourssofscontinuingseducationsmustsaslicenseescompletesforseachsyearsofslicen
sure?
A)s8shours
B)s9shours
C)s5shours
D)s4shourss-scorrectsanswer.ssssB)s9shours
Glendasissthesofficesmanagersforsaslocalsrealsestatesfirm.sShesissresponsiblesforscoordinati
ngsthespaperworksflowsthroughsthesoffice,spreparingsadssandssupervisingsthesclericalsstaff.
sGlendasis
A)srequiredstoshavesassalesperson'sslicense.
B)sviolatingslicenseslaw.
C)srequiredstoshavesasbrokerslicense.
D)sexemptsfromstheslicenseslaw.s-scorrectsanswer.ssssD)sexemptsfromstheslicenseslaw.
Harusissworkingswithshissbuyersstosdrawsupsaswrittensoffersonsaspropertystheyswantstospurc
hase.sWhichsofsthesfollowingsitemssissnotsrequiredsinsthesoffer?
A)sThespropertysdescription
B)sThesmortgageslender
C)sThesmethodsofspayment
D)sSpecialsstipulationssthesoffersrequiress-scorrectsanswer.ssssB)sThesmortgageslender
Keziasjustsboughtsandsclosedsonsasnewshomesthatscosts$195,000.shersmortgagesamountsi
ss$165,500.showsmuchsissthesintangiblesrecordingstaxsonsKezia'ssproperty?s
A)s$585
B)s$195
C)s$165.50
D)s$496.50s-scorrectsanswer.ssssD)s$496.50
*Ansintangiblesrecordingstaxsissduesandspayablesonseachsinstrumentssecuringsonesorsmor
eslong-termsnotessatsthesratesofs$1.50sperseachs$500s
$165,500s÷s$500s=s331
331sxs$1.50s=s$496.50
,SalespersonsGordonsrefusestosacceptsansofferstospurchaseshisshomesfromsbuyersJuansVal
dezsofsColumbiasbecausesGordonsfeelssthesearnestsmoneysofs$100sissnotsenough.sWhichs
ofsthesfollowingsstatementssaboutsGordon'ssrefusalsisscorrect?
A)sGordonsissinsviolationsofsfairshousingslawsbecauseshesdiscriminatedsonsthesbasissofsnati
onalsorigin.
B)sSincesGordonsrefusedsonsthesbasissofsthesearnestsmoney,shesissnotsinsviolationsofsfairsh
ousingslaw.
C)sGordonsissinsviolationsofscivilsrightsslawsbecauseshesdiscriminatedsonsthesbasissofsrace.
D)sGordonsissguiltysofsredlinings-
scorrectsanswer.ssssB)sSincesGordonsrefusedsonsthesbasissofsthesearnestsmoney,shesissnotsi
nsviolationsofsfairshousingslaw.
Jadasissascommunitysassociationsmanager.sWhichsofsthesfollowingswouldsbesonesofshersdu
ties?
A)sAdvisingsansownersaboutshisslegalsliabilitysforsasvisitor'ssinjurysonshissproperty.
B)sFollowingsthesinstructionssofsallsthesownerssinsthescommunitysassociation.
C)sLendings$1,000stosthescommunitysassociation.
D)sSendingsasmonthlysnewsletterstosthesowners.s-
scorrectsanswer.ssssD)sSendingsasmonthlysnewsletterstosthesowners.
WhichsofsthesfollowingsdoessNOTsneedstosbesincludedsinsaspropertysmanagementsagreem
ent?
A)sAsspecificsdescriptionsofsthesproperty
B)sThesnamessofsthesowners
C)sThesnamessofsthestenants
D)sThestermssofsthesmanagementsfees-scorrectsanswer.ssssC)sThesnamessofsthestenants
GarysgotshisslicensesinsMaysofs2021.sHissbirthdaysissSeptembers28.sWhenswillshisslicenses
expire?
A)sMays31,s2025
B)sSeptembers1,s2025
C)sSeptembers30,s2025
D)sMays1,s2009s-scorrectsanswer.ssssC)sSeptembers30,s2025
*Realsestateslicensessexpiresonstheslastsdaysofstheslicensee'ssbirthsmonth,severys4syears.
Asseller'ssagentsmustsdisclosesanysadversesphysicalsconditionssinsthesimmediatesneighbor
hoodswithins_______sofsasproperty.
A)s1smile
B)s2smiles
C)s5smiles
, D)s10smiless-scorrectsanswer.ssssA)s1smile
Jadariusshasshadshisslicensessuspended.sByslaw,sJadarius'ssnameswillsbsespublishedsonst
hesGeorgiasRealsEstatesCommissionswebsitesifstheslicensesshassbeenssuspendedsforshow
slong?
A)s15sdays
B)s30sdays
C)s60sdays
D)s90sdayss-scorrectsanswer.ssssC)s60sdays
WhyswassthesRealsEstatesEducation,sResearchsandsRecoverysFundsestablished?
A)sToseducatesthespublicsaboutsrealsestate
B)sTosfundscoursessforsrealsestatesagents
C)sToscompensatesconsumerssdamagedsbyslicensees'spractices
D)sTosconductsrealsestatesresearchsprojectss-
scorrectsanswer.ssssC)sToscompensatesconsumerssdamagedsbyslicensees'spractices
Whichsofsthesespersonsswouldsrequiresasrealsestateslicense?
A)sSureshsissasfull-
timesemployeesofsasutilityscompany.sHesnegotiatessandsacquiressleasessforsthescompany.
B)sGretasissansattorneyswhosconveyssrealsestatesundersaspowersofsattorney.
C)sJacksreferssclientsstoshisslicensedsbrokersbrothersandsreceivessasfeesfromsthespartiessh
esrefers.
D)sAspartnershipssellssasbuildingsownedsbysthespartners.s-
scorrectsanswer.ssssC)sJacksreferssclientsstoshisslicensedsbrokersbrothersandsreceivessasfees
fromsthespartiesshesrefers.
BrokersLarrysreceivedsansearnestsmoneyschecksfromsasbuyersfors$3,000.sHesneededsthes
money,ssoshescashedsthescheck.sAtsclosing,shesgavesthessellersaschecksfors$3,180,sthesa
mountsofsthesoriginalscheckspluss6%sinterest.sWhichsstatementsisstrue?
A)sLarrysshouldshavesdepositedsthesearnestsmoneysinsasfederally-
insuredsaccountswithsothersescrowsfunds.
B)sItswassokaysthatsLarryscashedsthescheck,sbutshesshouldsnotshavesgivensthesintereststost
hesseller.
C)sLarrysshouldshavesdepositedstheschecksintoshisspersonalsaccountsandskeptsthesinterest
.
D)sLarrysshouldshavesdiscussedswhatstosdoswithsthesinterestswithsallsofsthespartiessinvolve
dsinsthestransaction.s-
scorrectsanswer.ssssA)sLarrysshouldshavesdepositedsthesearnestsmoneysinsasfederally-
insuredsaccountswithsothersescrowsfunds.
WhichsofsthesfollowingsisstruesofsGeorgiassupportspersonnel?s
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