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Colibri Real Estate Final Practice Questions And Detailed Solutions

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COLIBRI REAL ESTATE FINAL PRACTICE QUESTIONS AND DETAILED SOLUTIONS

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COLIBRI REAL ESTATE FINAL PRACTICE
QUESTIONS AND DETAILED SOLUTIONS

◉ statement that they are licensed.
Answer: a brokerage advertisement needs...


◉ 48 hours.
Answer: if listing is submitted to MLS, must notify customer within...


◉ at their next meeting.
Answer: Licensee must deliver Consumer Info Statement when...


◉ blanket mortgage.
Answer: a mortgage that covers 2 parcels of land


◉ tenancy at sufference.
Answer: lease expires, tenants won't leave


◉ easement in gross.
Answer: gas company intrudes on land to fix a gas line

, ◉ the seller.
Answer: signs the deed at a closing


◉ listing agreement.
Answer: least likely to require a legal description


◉ let the client know.
Answer: agent takes on a listing, decides to buy house for themselves


◉ honesty.
Answer: Open house, declined agency relationship... What does the
agent owe the person?


◉ disclose it to the buyers.
Answer: leak in the house, seller is trying to hide it but the agent
finds it


◉ listings stay with brokerage.
Answer: agent switches brokerages, what happens to their listings?


◉ net listing.

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