Exam (elaborations)
COLIBRI REAL ESTATE EXAM PT 2024/2025
- Course
- Institution
COLIBRI REAL ESTATE EXAM PT 2024/2025
[Show more]
Content preview
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
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 YANCHY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67474 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now