COLIBRI REAL ESTATE EXAM REVIEW SOLVED QUESTIONS COMPLETE ANSWERS
GRADED A PLUS
Colibri REAL Estate Final EXAM 2026/2027 Master
KEY Review Questions and Answers Verified
Solutions Latest Update
Question:
net lease. Answers: buyer pays rent and other expenses
Answer:
gross lease. Answers: buyer pays only rent goes to heirs. Answers: Tenants in common, 2 of 3
people die. Who gets the property of those who died? Tenant owns it in severality. Answers: Joint
Tenancy, 3 of 4 people die. Who gets property of those who died? Client. Answers: Another word
for principal race, nat. origin, sex, color, religion, disability, familial status. Answers: Protected by
Fair Housing Act marital status. Answers: Not protected by Fair Housing Act Blockbusting.
Answers: telling homeowners that property values will be declining because of ethical/racial
makeup is changing flat, paved parking lot. Answers: real estate put to its highest use puffing.
Answers: "This is the most prestigious street in town" $5,000. Answers: maximum fine for first
offense name and broker. Answers: an individual advertisement needs. statement that they are
licensed. Answers: a brokerage advertisement needs. 48 hours. Answers: if listing is submitted to
MLS, must notify customer within. at their next meeting. Answers: Licensee must deliver Consumer
Info Statement when. blanket mortgage. Answers: a mortgage that covers 2 parcels of land tenancy
at sufference. Answers: lease expires, tenants won't leave easement in gross. Answers: gas company
intrudes on land to fix a gas line the seller. Answers: signs the deed at a closing listing agreement.
Answers: least likely to require a legal description let the client know. Answers: agent takes on a
listing, decides to buy house for themselves honesty. Answers: Open house, declined agency
relationship. What does the agent owe the person? disclose it to the buyers. Answers: leak in the
house, seller is trying to hide it but the agent finds it listings stay with brokerage. Answers: agent
switches brokerages, what happens to their listings? net listing. Answers: a seller wants a certain
amount, the rest of the money goes to the agent as commission redlining. Answers: refusing to make
loans in a minority neighborhood consequence. Answers: NOT an element for a valid and
enforceable contract liquidity damages. Answers: seller keeps earnest money deposit when the
buyer backs out security deposit. Answers: LEAST likely to be needed in a lease hypothecation.
Answers: pledge of property as collateral for a loan 7 business days. Answers: lender must deliver
loan estimate within. 10 days of receipt. Answers: broker pays agent within. metes and bounds.
Answers: beginning point (street name), then the direction to go call for late payments. Answers:
What can an unlicensed assistant NOT do? PITI. Answers: principal, interest, taxes, insurance
clearing, adding structures, draining/filling, pesticides. Answers: Wetlands: need a permit for.
selling wetlands. Answers: Wetlands: do not need a permit for. encroachment. Answers: a fence 3
feet onto another property's lawn is considered an. appurtenances. Answers: rights that transfer with
GRADED A PLUS
Colibri REAL Estate Final EXAM 2026/2027 Master
KEY Review Questions and Answers Verified
Solutions Latest Update
Question:
net lease. Answers: buyer pays rent and other expenses
Answer:
gross lease. Answers: buyer pays only rent goes to heirs. Answers: Tenants in common, 2 of 3
people die. Who gets the property of those who died? Tenant owns it in severality. Answers: Joint
Tenancy, 3 of 4 people die. Who gets property of those who died? Client. Answers: Another word
for principal race, nat. origin, sex, color, religion, disability, familial status. Answers: Protected by
Fair Housing Act marital status. Answers: Not protected by Fair Housing Act Blockbusting.
Answers: telling homeowners that property values will be declining because of ethical/racial
makeup is changing flat, paved parking lot. Answers: real estate put to its highest use puffing.
Answers: "This is the most prestigious street in town" $5,000. Answers: maximum fine for first
offense name and broker. Answers: an individual advertisement needs. statement that they are
licensed. Answers: a brokerage advertisement needs. 48 hours. Answers: if listing is submitted to
MLS, must notify customer within. at their next meeting. Answers: Licensee must deliver Consumer
Info Statement when. blanket mortgage. Answers: a mortgage that covers 2 parcels of land tenancy
at sufference. Answers: lease expires, tenants won't leave easement in gross. Answers: gas company
intrudes on land to fix a gas line the seller. Answers: signs the deed at a closing listing agreement.
Answers: least likely to require a legal description let the client know. Answers: agent takes on a
listing, decides to buy house for themselves honesty. Answers: Open house, declined agency
relationship. What does the agent owe the person? disclose it to the buyers. Answers: leak in the
house, seller is trying to hide it but the agent finds it listings stay with brokerage. Answers: agent
switches brokerages, what happens to their listings? net listing. Answers: a seller wants a certain
amount, the rest of the money goes to the agent as commission redlining. Answers: refusing to make
loans in a minority neighborhood consequence. Answers: NOT an element for a valid and
enforceable contract liquidity damages. Answers: seller keeps earnest money deposit when the
buyer backs out security deposit. Answers: LEAST likely to be needed in a lease hypothecation.
Answers: pledge of property as collateral for a loan 7 business days. Answers: lender must deliver
loan estimate within. 10 days of receipt. Answers: broker pays agent within. metes and bounds.
Answers: beginning point (street name), then the direction to go call for late payments. Answers:
What can an unlicensed assistant NOT do? PITI. Answers: principal, interest, taxes, insurance
clearing, adding structures, draining/filling, pesticides. Answers: Wetlands: need a permit for.
selling wetlands. Answers: Wetlands: do not need a permit for. encroachment. Answers: a fence 3
feet onto another property's lawn is considered an. appurtenances. Answers: rights that transfer with
