Exam (elaborations)

Colibri Real Estate (Real Estate Express) Final Exam Review (UPDATED) Fully Solved Assured A+.

71 views 3 purchases

Course
Colibri Real Estate

Institution
Colibri Real Estate

Colibri Real Estate (Real Estate Express) Final Exam Review (UPDATED) Fully Solved Assured A+. 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) ...

[Show more]

Preview 4 out of 68 pages

View example

Uploaded on November 17, 2023
Number of pages 68
Written in 2023/2024
Type Exam (elaborations)
Contains Questions & answers

colibri real estate final
colibri real estate real estate express
colibri real estate final exam review
colibri real estate final exam review updated
colibri real estate final exam review fully solved

Institution Colibri Real Estate
Course Colibri Real Estate

DoctorReinhad

Member since 3 year 1852 documents sold

108

CA$18.81

Added

Add to cart

Add to wishlist

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

Colibri Real Estate (Real Estate Express) Final
Exam Review 2023-2024 (UPDATED) Fully
Solved Assured A+.
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. - 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. - 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 - 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. - 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 - 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. - 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 - 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 - 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 - 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. - 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 - 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 - 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 - ANSWER A) 1 mile

Jadarius has had his license suspended. By law, Jadarius's name will b e published on the
Georgia Real Estate Commission website if the licenses has been suspended for how long?

A) 15 days

B) 30 days

C) 60 days

D) 90 days - ANSWER C) 60 days

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 DoctorReinhad. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$18.81. 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

Exam (elaborations)

Colibri Real Estate (Real Estate Express) Final Exam Review (UPDATED) Fully Solved Assured A+.

Document information

Subjects

Written for

Seller

Reviews received

Content preview