Colibri practice - Study guides, Class notes & Summaries

Colibri Practice Test Questions And Answers 3. In real estate, which of the following is correct about the term "title?" Taxes and insurance are often prepaid at closing to establish the escrow account. On which page of the Closing Disclosure form will the buyer see an accounting of the escrow account set up? Page two, under other costs On page two of the form, other costs are itemized for buyers and sellers. Taxes, prepaids, and initial escrow payment at closing - usually two mon...

Colibri Practice Test/ 140+ Questions with Definitive Solutions. Terms like: Economic or external obsolescence is a loss of value outside of the perimeter boundary of the property, beyond the owner's control, and almost always incurable. A homestead exemption in Florida is available to those who qualify and file documents making the Florida home a primary residence. The base homestead exemption is-Answer $25,000 The base homestead exemption is $25,000. There is an additional $25,000 ...

colibri real estate practice questions and answers 100% correct Which of the following would be an example of a licensee specializing in business type? - Answer- Jim specializes in clients who want to buy restaurants. Which of the following statements is not true? - Answer- A broker is not responsible for the acts of independent contractors. Which of these statements is true? - Answer- Salespersons must perform all of their activities on behalf of their employing broker. Which of the fol...

Colibri Practice Test Questions and Answers (Graded A).

Colibri Practice Test Questions and Answers (Graded A)

Colibri Practice Test All Answers Rated A+ Real Estate Concepts Overview Title and Closing Disclosure - Title: Refers to the legal ownership of property. - Escrow Account on Closing Disclosure: The account is shown on Page 2 under "Other Costs," where taxes, prepaids, and initial escrow payments (usually two months) are itemized. Sales Price and Closing - Sales Price Reflection: The sales price is a debit to the buyer and a credit to the seller; the seller receives the price less adj...

3. In real estate, which of the following is correct about the term "title?" Taxes and insurance are often prepaid at closing to establish the escrow account. On which page of the Closing Disclosure form will the buyer see an accounting of the escrow account set up? Page two, under other costs On page two of the form, other costs are itemized for buyers and sellers. Taxes, prepaids, and initial escrow payment at closing - usually two months' worth, are paid by the buyer and shown on pa...

REAL ESTATE COLIBRI PRACTICE EXAM

Which item below can help protect against a home with a listed incorrect street address or legal description in public records? - Standard coverage title insurance policy and extended coverage title insurance policy Robert owns his property and enjoys the full bundle of rights. Can he use his property as collateral for debt? - Yes. Robert can encumber his property Which location is an industrial coal plant least likely to be located? - Adjacent to an elementary school What is the least li...

Real Estate Colibri Practice Exam 2024 Questions With 100% Correct Answers!!