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COLIBRI REAL ESTATE 30 HOUR FINAL PA EXAM 2024/2025 | ACCURATE CURRENTLY TESTING REAL EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+ $17.49
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COLIBRI REAL ESTATE 30 HOUR FINAL PA EXAM 2024/2025 | ACCURATE CURRENTLY TESTING REAL EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
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Course
COLIBRI REAL ESTATE 30 HOUR
Institution
COLIBRI REAL ESTATE 30 HOUR
COLIBRI REAL ESTATE 30 HOUR FINAL PA
EXAM 2024/2025 | ACCURATE CURRENTLY
TESTING REAL EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
COLIBRI REAL ESTATE 30 HOUR FINAL PA
EXAM 2024/2025 | ACCURATE CURRENTLY
TESTING REAL EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
The assessed value of Sidneys home is $350,000 but
the home was recently appraised at $225,000. As a
result, Sidney believes her tax bill is way too high.
What option does Sidney have?
a. She can file an appeal with the local board of
assessment review
b. She can opt to pay her tax bill based on appraisal
of $225,000
c. She must file an appeal to adjust the mileage rate
d. Sidney has No option - ....ANSWER...A. She can file
an appeal with the local board of assessment review
Carla has been walking across a path on John's
property for the past 22 years. John knows about
,this but has never given Carla permission. What
might a court grant to Carla?
a. An easement by necessity
b. An easement by prescription
c. An encroachment by necessity
d. Ownership by prescription - ....ANSWER...B. An
easement by prescription (court ordered, statutory,
certain conditions)
Broker Ron wants to open a separate escrow
account for each transaction he is involved in. Is this
legal?
a. No, only lawyers and trust companies can open
escrow accounts
b. No, each broker can only have one escrow
account
c. Yes, this is legal unless he has more than three
escrow accounts open at once
d. Yes, there is no legal limit on the number of
escrow accounts a broker can have - ....ANSWER...D.
Yes there is no legal limit on the number of escrow
accounts a broker can have
,Which of the following would qualify as an example
of a retail property?
a. Hospital
b. Farm
c. Shopping center
d. Warehouse - ....ANSWER...C. Shopping center
Which of the following statements is false regarding
tenancy in common?
a. The co-owners must be married
b. The tenants share an indivisible interest
c. All tenants in common have distinct and separable
ownership of their respective interests
d. Any number of people may be co-tenants in single
property - ....ANSWER...A. The co-owners must be
married (NOT a requirement)
Of the following liens: a $100,000 mortgage, a $2,500
property tax bill, and a $8,000 mechanic's lien, and a
$25,000 judgment lien, which will be paid off first
after a foreclosure sale?
a. The $8,000 mechanics lien
b. The $25,000 judgement lien
, c. The $100,000 mortgage
d. The $2,500 property tax lien - ....ANSWER...D. The
$2,500 property tax lien (it's superior)
If a cooperating broker accepts the offer of
subagency from a listing broker, to whom does the
cooperating broker owe fiduciary duties?
a. Seller
b. Listing broker
c. Buyer
d. Nobody - ....ANSWER...A. Seller
Alex's home has been on the market for 8 months.
What is most likely the reason Alex's home has not
sold yet?
a. There has not been enough advertising done by
broker
b. The property is overpriced
c. The kitchen is ugly and outdated
d. The air conditioner is old - ....ANSWER...B. The
property is overpriced
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