Exam (elaborations)
COLIBRI REAL ESTATE EXAM PT 2024/2025
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COLIBRI REAL ESTATE EXAM PT 2024/2025
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COLIBRI REAL ESTATE EXAM PT2024/2025
Who can train office staff at a brokerage firm in weekly meetings? -
Precise Answer ✔✔All of the above
Which step in the construction building process is likeliest to be first? -
Precise Answer ✔✔Grading
Without legal capacity and mutual consent in place, courts may likely do
what to the existing contracts or agency relationships? - Precise Answer
✔✔All of the above
The term "business ethics" applies to which of the following statements?
- Precise 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? -
Precise Answer ✔✔Obtain the owner's consent.
A 90-day listing agreement is a type of _____. - Precise Answer
✔✔Special Agency
Which of the following would be an example of personal ethics? -
Precise 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
_____. - Precise 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? - Precise Answer
✔✔$3,908
Who is required to be the trustee for a brokerage trust account fund? -
Precise Answer ✔✔Principal Broker
Under what type of contract is a seller obligated to sell, but the buyer is
not obligated to buy? - Precise Answer ✔✔Option
What is the name for the act of spending client funds without permission
from a trust fund account? - Precise Answer ✔✔Conversion
What must a licensee first obtain before engaging in property
management? - Precise 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? -
Precise Answer ✔✔Only with their client's knowledge and consent.
, What type of bank accounts are trust funds placed into once received
from clients? - Precise Answer ✔✔Non-interest bearing accounts
What is "one click away" as it relates to the real estate profession? -
Precise 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? -
Precise Answer ✔✔All of the Above
Which location is an industrial coal plant least likely to be located? -
Precise 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? - Precise Answer
✔✔
Who does the Buyer's Agent owe their primary loyalty to in a purchase
deal? - Precise Answer ✔✔To the Buyer
For a dispute to qualify for arbitration, which of the following conditions
must be met? - Precise Answer ✔✔All of the above.
What should a Principal Broker do when he wants to add new unique
clauses to a complex commercial real estate purchase contract to
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