100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Colibri Real Estate (Real Estate Express) Final Exam Review(2023 updated)fully solved CA$51.38   Add to cart
Quickly navigate to
Preview
  2.  
  3. Colibri Real Estate
  4.  
  5. Colibri Real Estate

Exam (elaborations)

Colibri Real Estate (Real Estate Express) Final Exam Review(2023 updated)fully solved

1 review
 1434 views  8 purchases
  • Course
  • Colibri Real Estate
  • Institution
  • Colibri Real Estate

Colibri Real Estate (Real Estate Express) Final Exam Review(2023 updated)fully solvedBroker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a...

[Show more]

Preview 4 out of 60  pages

Document information

  • June 26, 2023
  • 60
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • colibri real estate real estate express final ex
  • broker jane has been accused of a law violation re
  • any salesperson can legally receive her share of t
  • which of the following is not a protected class

Written for

  • Colibri Real Estate
  • Colibri Real Estate

1  review

review-writer-avatar

By: zackgetta • 1 year ago

Seller

avatar-seller
BravelRadon

Reviews received

Content preview

Colibri Real Estate (Real Estate Express)
Final Exam Review(2023 updated)fully
solved


Broker Jane has been accused of a law violation regarding commissions. Which of the following might
result in her being found guilty?



A) Jane paid a commission to her licensed personal assistant.

B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto
accident. The deceased licensee had earned the commission prior to his death.

C) Jane paid a commission plus a bonus to one of her licensees.

D) Jane paid a commission to a Florida licensee who is not licensed in Georgia for licensing activity in
Georgia. - correct answer D) Jane paid a commission to a Florida licensee who is not licensed in Georgia
for licensing activity in Georgia.



Any salesperson can legally receive her share of the commission on a sale from



A) her employing broker only.

B) any cooperating broker with whom she completes a sale.

C) a builder she represents in a sale

D) the purchaser of the home in a successful sale. - correct answer A) her employing broker only.



Which of the following is NOT a protected class under Georgia fair housing law?



A) Sexual preference

B) Familial status

C) Religion

,D) Race - correct answer A) Sexual preference



Syed is an inactive licensee. He just moved to a new home across town. What must he do?



A) Call the Commission and give it his new address.

B) Report the address change when he's ready to reactivate his license.

C) Send a written notice to the Commission within 30 days.

D) Notify the post office to send a change of address notice to the Commission. - correct answer C) Send
a written notice to the Commission within 30 days.



How many hours of continuing education must a licensee complete for each year of licensure?



A) 8 hours

B) 9 hours

C) 5 hours

D) 4 hours - correct answer B) 9 hours



Glenda is the office manager for a local real estate firm. She is responsible for coordinating the
paperwork flow through the office, preparing ads and supervising the clerical staff. Glenda is



A) required to have a salesperson's license.

B) violating license law.

C) required to have a broker license.

D) exempt from the license law. - correct answer D) exempt from the license law.



Haru is working with his buyers to draw up a written offer on a property they want to purchase. Which of
the following items is not required in the offer?



A) The property description

B) The mortgage lender

,C) The method of payment

D) Special stipulations the offer requires - correct answer B) The mortgage lender



Kezia just bought and closed on a new home that cost $195,000. her mortgage amount is $165,500. how
much is the intangible recording tax on Kezia's property?



A) $585

B) $195

C) $165.50

D) $496.50 - correct answer D) $496.50



*An intangible recording tax is due and payable on each instrument securing one or more long-term
notes at the rate of $1.50 per each $500



$165,500 ÷ $500 = 331

331 x $1.50 = $496.50



Salesperson Gordon refuse to accept an offer to purchase his home from buyer Juan Valdez of Columbia
because Gordon feels the earnest money of $100 is not enough. Which of the following statements
about Gordon's refusal is correct?



A) Gordon is in violation of fair housing law because he discriminated on the basis of national origin.

B) Since Gordon refused on the basis of the earnest money, he is not in violation of fair housing law.

C) Gordon is in violation of civil rights law because he discriminated on the basis of race.

D) Gordon is guilty of redlining - correct answer B) Since Gordon refused on the basis of the earnest
money, he is not in violation of fair housing law.



Jada is a community association manager. Which of the following would be one of her duties?



A) Advising an owner about his legal liability for a visitor's injury on his property.

, B) Following the instructions of all the owners in the community association.

C) Lending $1,000 to the community association.

D) Sending a monthly newsletter to the owners. - correct answer D) Sending a monthly newsletter to the
owners.



Which of the following does NOT need to be included in a property management agreement?



A) A specific description of the property

B) The names of the owners

C) The names of the tenants

D) The terms of the management fee - correct answer C) The names of the tenants



Gary got his license in May of 2021. His birthday is September 28. When will his license expire?



A) May 31, 2025

B) September 1, 2025

C) September 30, 2025

D) May 1, 2009 - correct answer C) September 30, 2025



*Real estate licenses expire on the last day of the licensee's birth month, every 4 years.



A seller's agent must disclose any adverse physical conditions in the immediate neighborhood within
_______ of a property.



A) 1 mile

B) 2 miles

C) 5 miles

D) 10 miles - correct answer A) 1 mile

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 BravelRadon. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$51.38. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$51.38  8x  sold
  • (1)
  Add to cart