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Colibri Real Estate Practice Exam With 100% Correct And Verified Answers
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Colibri Real Estate Practice Exam With 100% Correct And Verified Answers
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Colibri Real Estate Practice Exam With100% Correct And Verified Answers
Which of the following would be an example of a licensee specializing in
business type? - Correct Answer-Jim specializes in clients who want to
buy restaurants.
Which of the following statements is not true? - Correct Answer-A broker
is not responsible for the acts of independent contractors.
Which of these statements is true? - Correct Answer-Salespersons must
perform all of their activities on behalf of their employing broker.
Which of the following circumstances would concern you about working
for Broker John? - Correct Answer-John expects his agents to spend 5
hours a week on unsupervised telephone duty.
Which of the following is not a national real estate trade organization? -
Correct Answer-CAR
Alice has decided that she will specialize in selling farm land. Which area
of specialization would she fall into? - Correct Answer-Type of property
Which of the following is NOT a condition of the safe harbor test? - Correct
Answer-Gross income must be based on hours worked.
A shopping center would be primarily categorized as what type of
property? - Correct Answer-Commercial
All of the following are true statements about goals except which one? -
Correct Answer-Once you set a goal you should never change it.
Broker Alice has hired several independent contractors in her firm. Which
of these activities does she have control over? - Correct Answer-What
percent of commission the licensees can charge.
Vendarsol
,If a broker receives a deposit check with a purchase contract, which of
these is he not allowed to do? - Correct Answer-Deposit into the brokerage
business account.
A person who believes he or she has been discriminated against has how
long from the time of the alleged violation to file a suit in a state or federal
court? - Correct Answer-24 months
If a person believes he or she has been discriminated against, how long
does he or she have to file a HUD complaint? - Correct Answer-1 year
Which California Fair Housing law provides protection from discrimination
by business establishments? - Correct Answer-Unruh Civil Rights Act
A broker induces an owner to sell by telling him that Hispanics are moving
into the neighborhood. This broker is guilty of what prohibited activity? -
Correct Answer-Panic selling
Which of the following is not a source of information for professional
ethics codes? - Correct Answer-Real estate schools
How long must trust account records be kept? - Correct Answer-3 years
Which is not a true statement about the Americans with Disabilities Act? -
Correct 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? - Correct Answer-Housing and
Community Development Act
Which of these is not an exemption to fair housing
law? - Correct Answer-The sale of a single-family
home by an owner who owns five residences
Vendarsol
, Timeshare buyers have the right to rescind a
transaction within what timeframe after signing
the purchase contract? - Correct 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"? - Correct Answer-The owner of
the property is HIV positive.
The principles of an agency relationship include all of these factors
except which one? - Correct Answer-Compensation
Which of the following is not a fiduciary duty an agent owes to his
or her principal? - Correct Answer-Blind obedience
Which disclosure form gives detailed information about the
property's condition? - Correct Answer-Real Estate Transfer
Disclosure Statement
Which of the following types of agency is not allowed in California?
- Correct Answer-Designated agency
When must a listing agent present the Disclosure Regarding Real
Estate Agency Relationships to the seller? - Correct Answer-Prior to
accepting the listing.
If an agent does not comply with the requirement of conducting a
visual inspection of a property, how long after possession does the
buyer have to file a suit? - Correct Answer-24 months
Which booklet is not part of the Combined Hazards Book? - Correct
Answer-Consumer Guide to Disclosure for Buyers
Vendarsol
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