COLIBRI Real Estate Final Exam 2024/2025 (Actual Exam) Verified Questions and Answers
8 views 0 purchase
Course
COLIBRI Real Estate
Institution
COLIBRI Real Estate
COLIBRI REAL ESTATE EXAM
Question 1: What is the primary purpose of a real estate appraisal?
• A) To determine the market value of a property
• B) To assess the condition of a property
• C) To estimate repair costs
• D) To evaluate rental income potential
• Correct Answer: A
Qu...
COLIBRI Real
Estate Final Exam
2024/2025
(Actual Exam)
Verified Questions
and Answers
, COLIBRI REAL ESTATE EXAM
Question 1: What is the primary purpose of a real estate appraisal?
A) To determine the market value of a property
B) To assess the condition of a property
C) To estimate repair costs
D) To evaluate rental income potential
Correct Answer: A
Question 2: Which document provides a detailed description of a property’s physical
characteristics?
A) Deed
B) Property Disclosure Statement
C) Title Report
D) Appraisal Report
Correct Answer: B
Question 3: What is an easement in real estate?
A) A legal right to use another person’s land for a specific purpose
B) A contract to purchase property
C) A type of mortgage
D) A process of property transfer
Correct Answer: A
Question 4: What does "zoning" refer to in real estate?
A) The division of a municipality into districts where certain types of land use are
permitted
B) The process of valuing a property
C) A type of property insurance
D) The transfer of property ownership
Correct Answer: A
Question 5: In real estate transactions, what is the significance of the "closing" process?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NewMatic. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
