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COLIBRI REAL ESTATE PRACTICE FINAL EXAM QUESTIONS WITH CORRECT ANSWERS.
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COLIBRI REAL ESTATE PRACTICE FINAL EXAM QUESTIONS WITH CORRECT ANSWERS.
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COLIBRI REAL ESTATE PRACTICEFINAL EXAM QUESTIONS WITH
CORRECT ANSWERS
Why ttis ttthe ttcondition ttof ttbearing ttwalls ttmore ttimportant ttthan ttnon ttbearing ttwalls? tt-
ttCorrect ttAnswer tt- ttBearing ttwalls ttsupport ttthe ttceiling ttand ttthe ttroof.
Owner ttTom ttdecided ttto ttlease ttout tthis ttbasement ttto tta ttcollege ttstudent. ttBy ttleasing
ttthe ttbasement, ttTom tthas tt- ttCorrect ttAnswer tt- tttransferred tta ttportion ttof tthis ttbundle
ttof ttrights
What ttis tta ttforecast ttof ttincome ttand ttexpenses ttthat ttcan ttbe ttprojected ttover ttfive
ttyears? tt- ttCorrect ttAnswer tt- ttStabilized ttbudget
A ttbuyer tttold ttbroker ttLena ttthat ttshe ttwants ttto ttmove ttto ttCuban ttneighborhood. ttThen
ttthe ttbuyer ttasked ttif ttLena ttcould ttshow tther ttthe ttbest tthome ttin tta ttCuban ttarea. ttHow
ttshould ttLena ttrespond ttto ttthis ttrequest? tt- ttCorrect ttAnswer tt- ttLena ttshould ttexplain
ttto ttthe ttbuyer ttthat ttshe ttethically ttand ttlegally ttcannot ttrecommend tthousing ttbased tton
ttnational ttorigin.
Which ttof ttthe ttfollowing ttwills ttmay ttbe ttconsidered ttinvalid? tt- ttCorrect ttAnswer tt- ttA
ttwill ttthat ttis ttnot ttsigned.
Broker ttTorrey tthires ttsalesperson ttWes ttas ttan ttindependent ttcontractor. ttAs ttan
ttindependent ttcontractor, ttWes ttcan ttexpect ttwhich ttof ttthe ttfollowing ttfrom ttBroker
ttTorrey? tt- ttCorrect ttAnswer tt- ttPerformance ttExpectations
Which ttof ttthe ttfollowing ttstatements ttbest ttdescribes ttwhat tthappens ttwith tta ttjudicial
ttforeclosure? tt- ttCorrect ttAnswer tt- ttThe ttmortgaged ttproperty ttis ttsold ttunder ttthe
ttsupervision ttof tta ttcourt.
Which ttof ttthe ttfollowing ttbest ttdescribes ttthe ttprinciple ttof ttconformity? tt- ttCorrect
ttAnswer tt- ttA tthome ttmaintains ttits tthighest ttvalue ttby ttbeing ttin tta ttneighborhood ttwith
ttsimilar-type tthousing.
The ttcost ttof ttdoing ttdirect ttmail ttadvertising ttdepends tton tt- ttCorrect ttAnswer tt- ttThe
ttfrequency ttof ttthe ttmailings
, A tttype ttof ttmortgage ttwhich ttallows ttthe ttlender ttto ttincrease ttthe ttoutstanding ttbalance
ttof tta ttloan ttup ttto ttthe ttoriginal ttamount ttof ttthe ttloan ttin ttorder ttto ttadvance ttadditional
ttfunds ttis ttcalled ttan tt- ttCorrect ttAnswer tt- ttopen-end ttmortgage
Of ttthe ttfollowing ttliens: tta tt$100,000 ttmortgage, tta tt$2,500 ttproperty tttax ttbill, ttand tta
tt$8,000 ttmechanic's ttlien ttand tta tt$25,000 ttjudgement ttlien, ttwhich ttwill ttbe ttpaid ttoff
ttfirst ttafter tta ttforeclosure ttsale? tt- ttCorrect ttAnswer tt- ttThe tt$2,500 ttproperty tttax ttlien
On tta tt$280,000 ttloan, ttthe ttlender ttcharges tta tt2 ttpoint ttservice ttcharge. ttHow ttmuch
ttdoes ttthe ttborrower tthave ttto ttpay ttfor ttjust ttthese tttwo ttpoints? tt- ttCorrect ttAnswer tt-
tt$5,600
A ttseller ttdecided ttto ttback ttout ttof tta ttsales ttcontract ttfor ttno ttgood ttreason. ttWhat
ttrecourse ttdoes ttthe ttbuyer tthave? tt- ttCorrect ttAnswer tt- ttTo ttsue ttfor ttspecific
ttperformance.
What ttare ttthe ttprimary ttadvantages ttof ttPEX ttpiping? tt- ttCorrect ttAnswer tt- ttPEX ttpiping
ttis ttable ttto ttwithstand ttboth tthigh ttand ttlow tttemperatures ttand ttit ttis tthighly ttresistant ttto
ttchemicals.
How ttdoes ttPlanned ttUnit ttDevelopment ttzoning ttdiffer ttfrom ttordinary ttzoning? tt-
ttCorrect ttAnswer tt- ttI ttrequires ttthat ttmultiple tttracts ttof ttland ttbe ttdeveloped ttaccording
ttto tta ttsingle ttdesign ttfor ttefficient ttuse ttof ttspace.
Home ttHoarding ttRealty ttis ttadvertising ttto ttthe ttpublic ttthat tttheir ttmanaging ttbroker
tthas ttbeen ttin ttthe ttbusiness tt37 ttyears ttand tthas ttsold ttover tt1,250 tthomes. ttThis ttis ttan
ttexample ttof tt- ttCorrect ttAnswer tt- ttinstitutional ttadvertising
Which ttof ttthe ttfollowing ttwould ttqualify ttas ttan ttexample ttof ttretail ttproperty? tt- ttCorrect
ttAnswer tt- ttA ttshopping ttcenter
Neal's tthome tthas ttbeen ttforeclosed tton ttand ttsold ttat tta ttSheriff's ttsale. ttThe ttsale
ttbrought ttin tt$500,000 ttand ttthe tttotal ttliabilities tton ttthe tthome ttwere tt$425,000. ttWho
ttreceives ttthe ttadditional tt$75,000? tt- ttCorrect ttAnswer tt- ttNeal
Broker ttJon ttis ttattaching tta ttrider ttstrip ttto tta ttFor ttSale ttsign. ttWhat ttinformation ttis
ttmost ttlikely tton ttthis ttrider ttstrip? tt- ttCorrect ttAnswer tt- ttJon's ttcell ttphone ttnumber
Which ttis ttfalse ttregarding tta ttpromissory ttnote? tt- ttCorrect ttAnswer tt- ttIt ttis ttthe ttterm
ttused ttfor tta ttnote ttthat ttis ttguaranteed ttor ttinsured ttby tta ttgovernmental ttagency.
What ttis tta ttdisadvatage ttof ttreal ttestate ttinvestment? tt- ttCorrect ttAnswer tt- ttIt ttis ttnot
tthighly ttliquid
A ttbroker ttinduces ttan ttowner ttto ttsell ttby tttelling tthim ttthat ttMuslims ttare ttmoving ttinto
ttthe ttneighborhood. ttThis ttbroker ttis ttguilty ttof tt- ttCorrect ttAnswer tt- ttblockbusting
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