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Colibri Real Estate Final Exam PT With 100% Correct And Verified Answers
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Colibri Real Estate Final Exam PT With 100% Correct And Verified Answers
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Colibri Real Estate Final Exam PT With100% Correct And Verified Answers
Who can train office staff at a brokerage firm in weekly meetings? -
Correct Answer-All of the above
Which step in the construction building process is likeliest to be first? -
Correct Answer-Grading
Without legal capacity and mutual consent in place, courts may likely do
what to the existing contracts or agency relationships? - Correct Answer-
All of the above
The term "business ethics" applies to which of the following statements? -
Correct Answer-A form of applied ethics that examines ethical principles
that arise in a business environment.
What must a licensee first do before advertising listed property? - Correct
Answer-Obtain the owner's consent.
A 90-day listing agreement is a type of _____. - Correct Answer-Special
Agency
Which of the following would be an example of personal ethics? - Correct
Answer-All of the above
Buyer Immanuel's broker finds out information about the seller which will
help Immanuel in the transaction. Loyalty is one of the duties of _____. -
Correct Answer-protection.
A property has sold for $185,000. The listing agreement calls for a
commission of 6.5%. The listing broker and selling broker agree to share
the commission equally. What will the listing agent receive if the agent is
scheduled to get a 65% share from his broker? - Correct Answer-$3,908
Vendarsol
, Who is required to be the trustee for a brokerage trust account fund? -
Correct Answer-Principal Broker
Under what type of contract is a seller obligated to sell, but the buyer is
not obligated to buy? - Correct Answer-Option
What is the name for the act of spending client funds without permission
from a trust fund account? - Correct Answer-Conversion
What must a licensee first obtain before engaging in property
management? - Correct Answer-A current written property management
agreement.
When may a REALTOR® accept a rebate for services or suggest the
use of services of a business entity in which they have direct interest
in? - Correct Answer-Only with their client's knowledge and consent.
What type of bank accounts are trust funds placed into once received
from clients? - Correct Answer-Non-interest bearing accounts
What is "one click away" as it relates to the real estate profession? -
Correct Answer-When a viewer online can find the agent's contact
information with just one click of the mouse, smartphone, or
keyboard
What would be a valid reason for a city to approve a zoning variance?
- Correct Answer-All of the Above
Which location is an industrial coal plant least likely to be located? -
Correct Answer-Adjacent to an Elementary SchoolTo the Buyer
Who can financially be held liable for a Salesperson or Associate
Broker being physically assaulted at an open house showing? -
Correct Answer-
Vendarsol
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