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COLIBRI REAL ESTATE (REAL ESTATE EXPRESS) FINAL ACTUAL EXAM,PRACTICE EXAM,STUDY GUIDE AND REVIEW ALL IN ONE SET QUESTIONS AND WELL ELABORATED ANSWERS TOP RATED VERSION FOR ALREADY A GRADED WITH EXPERT FEEDBACK |NEW AND REVISED

©EVERLY 2025 ALL RIGHTS RESERVED 1 Colibri Real Estate Exam Questions And Answers Latest Updated 2025 |100% Verified. Joe Alpha of ABC Real Estate Corp. has been very successful in buying houses, fixing them up, and reselling them. He put an advertisement in the local newspaper seeking investors to help him purchase property and pay for renovations, promising an excellent return on investment when the properties sold. Do you think that Joe needs a securities broker-dealer license? - An...

What five economic characteristics affect the value of land in the marketplace? (D.U.S.T.S) - ANSWER1. Demand; The more demand a property has, the higher the value 2. Utility (Or usefulness); More space/rooms etc.. the more useful .. 3 bed 4 bath > 1 bed 2 bath 3. Scarcity; A property will sell quickly if limited property's available 4. Transferability; Real estate is readily transferable from seller to buyer (loans available, rates are low) 5. Situs; (Site) Unique property attractiven...

Why is the condition of bearing walls more important than non bearing walls? - ANSWERBearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has - ANSWERtransferred a portion of his bundle of rights Which of the following wills may be considered invalid? - ANSWERA will that is not signed. Broker Torrey hires salesperson Wes as an independent contractor. As an independent contractor, Wes can expect whi...

1. All six members of the Georgia Real Estate Commission are appointed by - ANSWERThe Governor of Georgia How many commission members must be licensed - ANSWERFive of the six members of the Georgia Real Estate can have licenses One must be an unlicensed member of the " general public 3. EARLNOTES What must happen with all funds in a sale - ANSWERAll money that belongs to clients or customers must be deposited in the brokerage trust fund as soon as possible ASAP after receipt . What i...

What is the primary purpose of instituting FACTA? - ANSWERTo combat identity theft, and enhance the accuracy and privacy of information held by credit reporting agencies. What does a For Sale By Owner(FSBO) seller sign that identifies the buyer, and guarantees the agent a commission if the buyer purchases? - ANSWERCommission Agreement for Sale What clause allows for parcels and units to be sold from a blanket mortgage? - ANSWERRelease Clause To avoid litigation, what should all Real Est...

Which of the following would be an example of a licensee specializing in business type? - ANSWERJim specializes in clients who want to buy restaurants. Which of the following statements is not true? - ANSWERA broker is not responsible for the acts of independent contractors. Which of these statements is true? - ANSWERSalespersons must perform all of their activities on behalf of their employing broker. Which of the following circumstances would concern you about working for Broker John?...

land contract - ANSWERbuyer pays seller to occupy and use property net lease - ANSWERbuyer pays rent and other expenses gross lease - ANSWERbuyer pays only rent goes to heirs - ANSWERTenants in common, 2 of 3 people die. Who gets the property of those who died? Tenant owns it in severality - ANSWERJoint Tenancy, 3 of 4 people die. Who gets property of those who died? Client - ANSWERAnother word for principal race, nat. origin, sex, color, religion, disability, familial status -...

COLIBRI REAL ESTATE EXAM 2025 | 400+ QUESTIONS WITH VERIFIED CORRECT ANSWERS | LATEST UPDATE /. Joe Alpha of ABC Real Estate Corp. has been very successful in buying houses, fixing them up, and reselling them. He put an advertisement in the local newspaper seeking investors to help him purchase property and pay for renovations, promising an excellent return on investment when the properties sold. Do you think that Joe needs a securities broker-dealer license? - Answer-No /.Ellie is ver...

Colibri Real Estate Exam Questions With New Update Solutions 2025 /. Buyer's Market - Answer-A situation in the housing market when there are many homes available for sale, but few buyers. /.Cost of Money - Answer-The interest rate that people or businesses must pay to use another's money for their own purposes. /.Economic Base - Answer-The main business or industry in an area that supports and sustains the community. /.Inflation - Answer-An increase in the cost of goods o...