Colibri real es - Study guides, Class notes & Summaries

COLIBRI REAL ESTATE FINAL EXAM WITH CORRECT ANSWERS Graded A {2024/2025} During which stage of a real estate transaction must the licensee remember to impart information to the seller regarding the potential buyer's qualifications and the quality of the offer being presented? - CORRECT ANSWER During the negotiation stage Why should real estate licensees have good knowledge of the loan programs that are currently available from local banks and other lenders? - CORRECT ANSWER Financ...

COLIBRI REAL ESTATE (REAL ESTATE EXPRESS) FINAL EXAM REVIEW 2024 Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission plus a bonus to one of her l...

Colibri Real Estate (Real Estate Express) Final Exam Review 2024/2025

Colibri Real Estate Exam Questions With Complete Solutions

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? -Correct Answer No Ellie is very regimented. She likes to be in the office by 8 a.m. and be home by 5:30 p.m. She likes that same...

Final Exam-Colibri Real Estate Questions With Complete Solutions

Haru is working with his buyers to draw up a written offer on a property they want to purchase. Which of the following items is not required in the offer? A) The property description B) The mortgage lender C) The method of payment D) Special stipulations the offer requires - ️️B) The mortgage lender Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal as...

Colibri Real Estate (Real Estate Express) Final Exam Review Already Passed Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission plus a bonus to o...

Colibri Real Estate Final Exam Part One Questions With Complete Solutions

When the agency relationship has been terminated, the licensee is no longer considered the principal's agent but still owes which of the following duties to the principal? - ️️Accounting Which of the following may not involuntarily terminate an agency relationship? - ️️Expiration of the agreement term When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes - ️️A subagent An agency relationship ...