Exam (elaborations)

COLIBRI REAL ESTATE 30 HOUR FINAL EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+|BRAND NEW VERSIONS !!!|LATEST UPDATE |GUARANTEED PASS

0 purchase

Course
COLIBRI REAL ESTATE

Institution
COLIBRI REAL ESTATE

[Show more]

Preview 4 out of 62 pages

View example

Uploaded on September 24, 2024
Number of pages 62
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

colibri real
colibri real estate
colibri real estate 30 hour final exam 2024
colibri real estate 30 hour final exam
colibri real estate 30 hour final
colibri real estate 30 hour

Institution COLIBRI REAL ESTATE
Course COLIBRI REAL ESTATE

Drgary Member since 1 year 375 documents sold

995

441

$20.99

Add to cart

Save

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

COLIBRI REAL ESTATE 30 HOUR FINAL
EXAM 2024-2025 WITH ACTUAL
CORRECT QUESTIONS AND VERIFIED
DETAILED ANSWERS |FREQUENTLY
TESTED QUESTIONS AND SOLUTIONS
|ALREADY GRADED A+|BRAND NEW
VERSIONS !!!|LATEST UPDATE
|GUARANTEED PASS

What is the number one rule of adjusting properties when using the sales comparison approach to
value?

A). If the comparable is inferior to the subject, subtract value from the comparable.
B). If the comparable is superior to the subject, add value to the comparable.
C). Never adjust the subject property
D). Always use assessed value, not market value

C

Two parcels of land priced at $1,200 per acre were purchased. One parcel was 15 acres in size and the
other was 1 mile square in size. How much did these two parcels cost together?

A). $180,000
B). $640,000
C). $786,000
D). $1,020,000

C

A rented office space has a monthly income of $3,800. A suitable gross income multiplier derived from
market data is 11.1. What would the estimated value be? Round to the nearest $1,000.

A). $380,000
B). $422,000
C). $506,000
D). $342,000

1|Page

,C

If one discount point costs the borrower 1% of the loan amount, and increases the lender's yield by
1/8th of one percent, how many discount points must be purchased to lower the interest rate by 1%?

A). 1
B). 4
C). 8
D). 16

C

A borrower obtains a 30-year $210,000 amortized loan at a 6% interest rate. If his monthly payment is
$1199.10, how much is applied to the principal balance in the first month?

A). $143.54
B). $144.94
C). $169
D). $149.10

D

An FHA-insured loan in the amount of $57,500 at a 6 ½% interest rate for 30 years was closed on March
17. The first monthly payment is not due until May 1. If the interest is paid monthly in arrears, how
much pre-paid interest does the buyer owe at closing? (Use a 360-day year)

A). $145.32
B). $311.52
C). $551.20
D). $3,737.50

A

The annual property taxes of $1,700 were paid in arrears by the buyer. If the closing took place on June
4th and the seller paid through the day of closing, how did this appear on the settlement sheet if the
360-day method is used?

A). $727 DS, CB
B). $727 DB, CS
C). $973 DS, CB
D). $973 DB, CS

A

Six years ago a commercial property owner paid $490,000 for her complex which included 10 acres of
land valued at $100,000. Using a 40-year straight-line depreciation method, what would be the current
value of the apartment complex?

2|Page

,A). $330,000
B). $390,000
C). $400,000
D). $431,500

D

A home sells for $150,000 and has a mortgage loan balance of $100,000 at closing. If the commission is
5% and other closing costs are $6,000, what is the seller's net?

A). $44,000
B). $40,000
C). $32,250
D). $36,500

D

What is the volume of a 90' x 20' x 12' house?

A). 21,600 cubic feet
B). 1,800 cubic feet
C). 3,750 cubic feet
D). 36,000 cubic feet

A

A strip mall generates $215,000 in effective rental income and $3,000 in other income. The same mall
has $102,000 in operating expenses and $15,000 as reserves. What is the net operating income of the
strip mall?

A). $113,000
B). $99,000
C). $101,000
D). $116,000

C

If a lot contains 48,000 square feet and is 240' wide, how deep is the lot?

A). 480'
B). 240'
C). 200'
D). 720'

C

3|Page

, A five-sided lot has the following dimensions: side A = 44', side B = 67', side C = 91', side D = 18', and side
E = 55'. What is the perimeter of the lot?

A). 257 feet
B). 220 feet
C). 320 feet
D). 275 feet

D

A sale transaction closes on April 15th. The day of closing belongs to the seller. Real estate taxes for the
year, not yet billed, are expected to be $2,110. According to the 365-day method, what is the seller's
share of the tax bill?

A). $626
B). $675
C). $607
D). $721

C

If a buyer purchases 25% of a lot in the spring and then purchases 50% more later in the fall, what
percentage of the lot is still available for purchase?

A). 20%
B). 25%
C). 50%
D). 75%

B

Sean, age 37, sold the home he purchased three years ago and now rents an apartment. He had
originally purchased his home for $86,500 and sold it for $115,300. What is Sean's capital gain?

A). $11,320
B). $16,980
C). $28,800
D). $0

C

An apartment building that sold for $780,000 had a monthly gross income of $8,000. What is its monthly
gross rent multiplier?

A). 97.5
B). 62.4
C). 103
D). 158

4|Page

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 Drgary. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $20.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64302 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

COLIBRI REAL ESTATE 30 HOUR FINAL EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+|BRAND NEW VERSIONS !!!|LATEST UPDATE |GUARANTEED PASS

Document information

Subjects

Written for

Seller

Reviews received

Content preview

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Quick and easy check-out

Focus on what matters

Frequently asked questions

What do I get when I buy this document?

Satisfaction guarantee: how does it work?

Who am I buying these notes from?

Will I be stuck with a subscription?

Can Stuvia be trusted?

Recently viewed by you

Package deal ·

NURS 6670 / NURS6670 Midterm Exam Questions With Correct Answers Latest Updated | NURS 6670 Final Exam Questions With Answers & NURS 6670N / NURS6670N Midterm Exam Questions With Answers Latest Update

Exam (elaborations) ·

2024 FUNDAMENTALS BRAND NEW AUTHENTIC REAL RN HESI EXIT EXAM VERSION 1 (V1) TEST BANK (55 out of 55 Question & ANSWER(S)): Next Generation Format ALL 100% CORRECT – GUARANTEED A++ Samples are

Exam (elaborations) ·

Chamberlain College of Nursing: CHEM120 Midterm Exam (Latest-2022) / CHEM 120 Midterm Exam / CHEM120 Week 4 Midterm Exam / CHEM120 Unit 4 Midterm Exam: Chamberlain College of Nursing |100% Correct Ans

Exam (elaborations) ·

ACLS (ADVANCED CARDIOVASCULAR LIFE SUPPORT 2023/204 REAL EXAMS FORM A &B/ ACLS ACTUAL LATEST EXAMS A & B EACH WITH 50 QUESTIONS & CORRECT ANSWERS (100% CORRECT & VERIFIED ANSWERS) BRAND NEW!!! / (AMER

Exam (elaborations) ·

Test Bank For Leifer's Introduction to Maternity & Pediatric Nursing in Canada, 1st Edition, Lisa Keenan-Lindsay, Gloria Leifer All Chapters 1-33 A+ Guide ISBN:9781771722049 Newest Version 2024 Instan

Exam (elaborations) ·

NR507 Final Exam (Latest-2021, Version-4) / NR 507 Final Exam / NR507 Week 8 Final Exam / NR 507 Week 8 Final Exam: Advanced Pathophysiology: Chamberlain College of Nursing |100% Correct Q & A, Downl

Package deal ·

(All Inclusive) MLT Exam (MLT Blood Bank; MLT Urinalysis & Body Fluids; MLT Chemistry and Clinical; MLT Haematology; MLT Immunology; MLT Microbiology; MLT Laboratory Operations) Test Bank |2024/2025 G

Exam (elaborations) ·

2024 MATERNAL NEWBORN NURSING NGN ACTUAL EXAM AND STUDY GUIDE. EXPERT VERIFIED A+ VERIFIED ANSWERS FOR NURSING STUDENTS |250+ REAL QUESTIONS AND CORRECT ANSWERS| GUARANTEED SUCCESS WITH COMPREHENSIVE

Exam (elaborations) ·

NSG 530 ADVANCED PATHOPHYSIOLOGY EXAM 3/ 530 EXAM 3 NSG EXAM (ACTUAL EXAM) WITH 250+ QUESTIONS WITH VERY ELABORATED ANSWERS CORRECTRY WELL ORGANIZED LATEST 2024 – 2025 ALREADY GRADED A+/ ADVANCED P