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COLIBRI REAL ESTATE- CHAPTER 1 EXAM QUESTIONS & CORRECT ANSWERS

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COLIBRI REAL ESTATE- CHAPTER 1 EXAM QUESTIONS & CORRECT ANSWERS real estate education program designed to help students become licensed real estate agents or brokers in the United States. Formerly known as “Real Estate Express,” the platform offers flexible self-paced courses for people entering the real estate industry as well as licensed professionals seeking continuing education.

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COLIBRI REAL ESTATE- CHAPTER 1
EXAM QUESTIONS & CORRECT
ANSWERS
The regulation of money through the Federal Reserve Board. - Correct Answer ✔✔
Economic, government

The property's exact position in a neighborhood, city, and region. - Correct Answer ✔✔
Physical

The buyer's tastes and standards based on lifestyle. - Correct Answer ✔✔ Social

The main industry of an area - Correct Answer ✔✔ Economic

General trends of buyers toward one city or area over another. - Correct Answer ✔✔
Social

The Fed's plan for spending and debt management. - Correct Answer ✔✔ Economic

The relative supply of available houses. - Correct Answer ✔✔ Economic, social

Tax breaks and other tax policies - Correct Answer ✔✔ Government

Trends such as single-parent households or empty nest households - Correct Answer
✔✔ Social

The topography of the area. - Correct Answer ✔✔ Physical

The presence of or lack of water. - Correct Answer ✔✔ Physical

The current interest rate - Correct Answer ✔✔ Economic, government

The availability of schools in the area - Correct Answer ✔✔ Social

The opening of a new corporate headquarters - Correct Answer ✔✔ Economic

Empty nesters looking to downsize - Correct Answer ✔✔ Social

In general, a real estate licensee may NOT accept compensation for selling _________
on behalf of a client. - Correct Answer ✔✔ Securities

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