Colibri Real Estate Study guides, Class notes & Summaries

Colibri Real Estate Practice Questions & Answers | 100% Correct | Verified 2024 Version Which of the following would be an example of a licensee specializing in business type? - Jim specializes in clients who want to buy restaurants. Which of the following statements is not true? - A broker is not responsible for the acts of independent contractors. Which of these statements is true? - Salespersons must perform all of their activities on behalf of their employing broker. Which of...

Colibri Real Estate Practice Final Exam | 100% Correct Answers | Verified 2024 Version Why is the condition of bearing walls more important than non bearing walls? - Bearing 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 - transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? - Stabilized budget A buyer told broker Lena ...

Colibri Real Estate Chapter 2 Quiz Questions | 100% Correct Answers | Verified 2024 Version An agency relationship may be involuntarily terminated by which of the following? - By destruction of the property through fire, vandalism, or natural disaster 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 may be involuntarily terminated by which of the following? - Co...

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 licensees. D) Jane paid a commission to a Florida licensee who is not ...

Real Estate Colibri Practice Exam Questions and Answers 100% Correct Which item below can help protect against a home with a listed incorrect street address or legal description in public records? - Answer- 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? - Answer- Yes. Robert can encumber his property Which location is an industrial coal plan...

Colibri Chapter 1, 2, 3 Questions and Answers 100% Correct The Knowledge of Property Transfer - - Answer- by deed, will, inheritance or the use of contracts, or trusts. Knowledge of Market Conditions - - Answer- the level of listings on the market, how the property may be financed, how quickly property sells and the value of a property Knowledge of How to Market Real Estate - - Answer- techniques that include proper pricing, disclosure to both the buyer and the seller, service to the buye...

Colibri Real Estate Final Exam Questions and Answers 100% Correct land contract - Answer- buyer pays seller to occupy and use property net lease - Answer- buyer pays rent and other expenses gross lease - Answer- buyer pays only rent goes to heirs - Answer- Tenants in common, 2 of 3 people die. Who gets the property of those who died? Tenant owns it in severality - Answer- Joint Tenancy, 3 of 4 people die. Who gets property of those who died? Client - Answer- Another word for principal ...

Colibri Real Estate (Real Estate Express) Final Exam Review Questions and Answers 100% Pass 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 plu...

Colibri Real Estate Practice Final Exam Questions and Answers 100% Pass Why is the condition of bearing walls more important than non bearing walls? - Answer- Bearing 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 - Answer- transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? - Answer- Stabilized budget A buyer told broker L...

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...