Colibri Real Estate Study guides, Class notes & Summaries

Real Estate Principles Final Exam Colibri Questions and Answers 100% Pass Long Beach salesperson Eric Janey is providing sellers Julie and Zach Roberts with the necessary disclosures they must be given upon the sale of real property. Which of the following is NOT a disclosure that is given upon the sale of real property? - Answer- Mold Disclosure Required Lead-based Paint Disclosure Required Natural Hazards Disclosure Required Radon Detection Test Disclosure - NOT REQUIRED IN CA Escrow ...

Colibri Real Estate Exam Questions and Answers 100% Correct 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 or services or too many p...

Colibri Real Estate Chapter 1 Questions and Answers 100% Pass What five economic characteristics affect the value of land in the marketplace? (D.U.S.T.S) - Answer- 1. 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 ava...

colibri real estate law Exam Questions and Answers 100% Pass The discovery step of civil cases is where the parties use a mediator. the complaint is filed. each party presents their case. each party gathers information from each other and third parties. - Answer- each party gathers information from each other and third parties. What phrase could a licensee use in advertising that would not discriminate on the basis of familial status? Couples only Empty nesters No bicycles allowed S...

Colibri Real Estate Chapter 2 Quiz Questions with 100% Correct Answers An agency relationship may be involuntarily terminated by which of the following? - Answer- 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 - Answer- A subagent An agency relationship may be involuntarily terminated by which of the following? - Answer- Co...

Final Exam-Colibri Real Estate Questions and Answers 100% Pass 1. All six members of the Georgia Real Estate Commission are appointed by - Answer- The Governor of Georgia How many commission members must be licensed - Answer- Five 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 - Answer- All money that belongs to clients or customers must be deposited in the br...

Colibri Real Estate Chapter 4 Unit 1 Questions and Answers 100% Pass What five economic characteristics affect the value of land in the marketplace? - Answer- Demand Utility Scarcity Transferability Situs What are the three physical characteristics of land? - Answer- Immobile or permanent Indestructible Non-homogeneous or unique Explain the differences between the legal concepts of land and real estate. - Answer- Land encompasses the surface of the earth, whatever is below the surfac...

final colibri real estate exam PT Questions and Answers 100% Pass Who can train office staff at a brokerage firm in weekly meetings? - Answer- All of the above Which step in the construction building process is likeliest to be first? - Answer- Grading Without legal capacity and mutual consent in place, courts may likely do what to the existing contracts or agency relationships? - Answer- All of the above The term "business ethics" applies to which of the following statements? - Answer- ...

Colibri Real Estate: Ch.2-7 Exam Questions and Answers 100% Pass *Ch. 2: Real Property Fundamentals (p. 17)* - Answer- what is land legally considered to include? what does an owner have rights to? - Answer- - *surface* of the earth, *subsurface* of the center of the earth, & *air* above the land (e.g. mineral rights, water, etc.) ^ owner has rights to all of that within property's boundaries real estate - Answer- actual *physical land* (aka unimproved land or raw land) and its *permane...

Colibri real estate express chapter 8 Questions and Answers 100% Pass Which of the following is NOT a characteristic of land? A. It is permanent. B. It is destructible C. It is unique. D. It is immobile - Answer- B. It is destructible Which of the following is included in the bundle of rights inherent in ownership? A. To inherit B. To tax C. To transfer D. To vote - Answer- C. To transfer Which of the following is a descriptive, non-legal term for a group of two or more people who c...