Colibri practice test - Study guides, Class notes & Summaries

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 Practice Test Questions and Answers (Already Scored A+) | Updated

3. In real estate, which of the following is correct about the term "title?" - correct answer 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? - correct answer 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...

Colibri Practice Test with complete solutions

Colibri Practice Test | Questions With Accurate Solutions

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 with complete solutions budget variance. - ANS ️️ the difference between the budgeted amount and the actual amount that you spend debt ratio - ANS ️️ shows the relationship between debt and net worth. debt ratio - ANS ️️ The lower the ratio the better off financially the person is. debt ratio - ANS ️️ calculated by dividing liabilities by net worth excise tax - ANS ️️ government imposes a tax on specific goods and services such as alcohol, cigaret...

Colibri Practice Test Questions and Answers (Graded A)

Colibri Practice Test Question and answer rated A+ 20233. 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 - u...