colibri real estate practice Questions With Complete
Solutions
A blanket mortgage: Correct Answers Covers more than one
piece of property.
A broker induces an owner to sell by telling him that Hispanics
are moving into the neighborhood. This broker is guilty of what
prohibited activity? Correct Answers Panic selling
A buyer calls your office to inquire about a property he saw
advertised. He sounds really excited about this property. Where
is it that he likely found out the property was for sale? Correct
Answers On the Internet
A competitive market analysis contains information about all of
the following items except which? Correct Answers Recently
remodeled homes
A competitive market analysis is an attempt to: Correct
Answers Establish a home's fair market value.
A growing equity mortgage: Correct Answers Allows quick
repayment of the loan through accelerated payments.
A lease that has no time limit is an: Correct Answers Estate at
will
A listing presentation can be compared to: Correct Answers An
employment interview
,A person who believes he or she has been discriminated against
has how long from the time of the alleged violation to file a suit
in a state or federal court? Correct Answers 24 months
A presentation manual: Correct Answers Lends good visual
support to what the agent is saying.
A real estate assistant: Correct Answers Needs a license to
perform activities that are not strictly administrative in nature.
A reference list of alternative comparable properties is
sometimes referred to as the: Correct Answers Switch sheet.
A shopping center would be primarily categorized as what type
of property? Correct Answers Commercial
A totally disabled veteran could be eligible for a property tax
exemption of up to what amount? Correct Answers $224,991
Accepting referral fees: Correct Answers Could be a violation
of state licensing laws.
According to FIRPTA, what percent would a buyer who is
buying the property as a personal residence need to withhold
when purchasing a $200,000 home from a foreigner? Correct
Answers 0%
Agent Jim tells his buyers that the seller will leave the riding
lawn mower if the buyers make an offer now. What kind of
closing technique is Jim using? Correct Answers Bonus
, Agent Paul is bound to inform his client of all facts that might
affect the client's interests -- both what Paul knows and what he
"should have known." Which of these situations would not be
something Paul "should know"? Correct Answers The owner of
the property is HIV positive.
Alice has decided that she will specialize in selling farm land.
Which area of specialization would she fall into? Correct
Answers Type of property
All of the following are benefits of listing with an agent except
which? Correct Answers Preparation of an appraisal of the
property
All of the following are good approaches for handling objections
except which? Correct Answers Tell the buyer it's not an issue.
All of the following are good newspaper sections to read for
prospecting except which? Correct Answers Business section
All of the following are primary mortgage market lenders except
which? Correct Answers Holding warehouse agencies
All of the following are true statements about goals except
which one? Correct Answers Once you set a goal you should
never change it.
All of the following are valid listing agreements. Which one is
illegal in many states? Correct Answers Net.
Solutions
A blanket mortgage: Correct Answers Covers more than one
piece of property.
A broker induces an owner to sell by telling him that Hispanics
are moving into the neighborhood. This broker is guilty of what
prohibited activity? Correct Answers Panic selling
A buyer calls your office to inquire about a property he saw
advertised. He sounds really excited about this property. Where
is it that he likely found out the property was for sale? Correct
Answers On the Internet
A competitive market analysis contains information about all of
the following items except which? Correct Answers Recently
remodeled homes
A competitive market analysis is an attempt to: Correct
Answers Establish a home's fair market value.
A growing equity mortgage: Correct Answers Allows quick
repayment of the loan through accelerated payments.
A lease that has no time limit is an: Correct Answers Estate at
will
A listing presentation can be compared to: Correct Answers An
employment interview
,A person who believes he or she has been discriminated against
has how long from the time of the alleged violation to file a suit
in a state or federal court? Correct Answers 24 months
A presentation manual: Correct Answers Lends good visual
support to what the agent is saying.
A real estate assistant: Correct Answers Needs a license to
perform activities that are not strictly administrative in nature.
A reference list of alternative comparable properties is
sometimes referred to as the: Correct Answers Switch sheet.
A shopping center would be primarily categorized as what type
of property? Correct Answers Commercial
A totally disabled veteran could be eligible for a property tax
exemption of up to what amount? Correct Answers $224,991
Accepting referral fees: Correct Answers Could be a violation
of state licensing laws.
According to FIRPTA, what percent would a buyer who is
buying the property as a personal residence need to withhold
when purchasing a $200,000 home from a foreigner? Correct
Answers 0%
Agent Jim tells his buyers that the seller will leave the riding
lawn mower if the buyers make an offer now. What kind of
closing technique is Jim using? Correct Answers Bonus
, Agent Paul is bound to inform his client of all facts that might
affect the client's interests -- both what Paul knows and what he
"should have known." Which of these situations would not be
something Paul "should know"? Correct Answers The owner of
the property is HIV positive.
Alice has decided that she will specialize in selling farm land.
Which area of specialization would she fall into? Correct
Answers Type of property
All of the following are benefits of listing with an agent except
which? Correct Answers Preparation of an appraisal of the
property
All of the following are good approaches for handling objections
except which? Correct Answers Tell the buyer it's not an issue.
All of the following are good newspaper sections to read for
prospecting except which? Correct Answers Business section
All of the following are primary mortgage market lenders except
which? Correct Answers Holding warehouse agencies
All of the following are true statements about goals except
which one? Correct Answers Once you set a goal you should
never change it.
All of the following are valid listing agreements. Which one is
illegal in many states? Correct Answers Net.
