colibri real estate practice questions and answers | 100% pass
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Course
Colibri Real Estate
Institution
Colibri Real Estate
colibri real estate practice questions
and answers | 100% pass
Which of the following would be an example of a licensee specializing in business type?
- Answer-Jim specializes in clients who want to buy restaurants.
Which of the following statements is not true? - Answer-A broker is not
respon...
Answer✔✔-A duplex owner might need to remodel the kitchen in the rental unit to
accommodate persons with disabilities.
Which Fair Housing Law added sex to the list of protected classes? - Answer✔✔-
Housing and Community Development Act
Which of these is not an exemption to fair housing law? - Answer✔✔-The sale of a
single-family home by an owner who owns five residences
Timeshare buyers have the right to rescind a transaction within what timeframe after
signing the purchase contract? - Answer✔✔-7 days
Agent Paul is bound to inform his client of all facts that might affect the client's interests
-- both what Paul knows and what he "should have known." Which of these situations
would not be something Paul "should know"? - Answer✔✔-The owner of the property
is HIV positive.
The principles of an agency relationship include all of these factors except which one? -
Answer✔✔-Compensation
Which of the following is not a fiduciary duty an agent owes to his or her principal? -
Answer✔✔-Blind obedience
Which disclosure form gives detailed information about the property's condition? -
Answer✔✔-Real Estate Transfer Disclosure Statement
Which of the following types of agency is not allowed in California? - Answer✔✔-
Designated agency
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