Colibri Real Estate
Final Exam
(Actual Questions)
Latest Update
2024/2025
Graded A+
1|Page
,Colibri Real Estate Final Exam
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 that she wants to move to Cuban neighborhood. Then the
buyer asked if Lena could show her the best home in a Cuban area. How should Lena
respond to this request?
🗸🗸🗸: Lena should explain to the buyer that she ethically and legally cannot
recommend housing based on national origin.
Which of the following wills may be considered invalid?
🗸🗸🗸: A will that is not signed.
2|Page
, Broker Torrey hires salesperson Wes as an independent contractor. As an independent
contractor, Wes can expect which of the following from Broker Torrey?
🗸🗸🗸: Performance Expectations
Which of the following statements best describes what happens with a judicial
foreclosure?
🗸🗸🗸: The mortgaged property is sold under the supervision of a court.
Which of the following best describes the principle of conformity?
🗸🗸🗸: A home maintains its highest value by being in a neighborhood with similar-type
housing.
The cost of doing direct mail advertising depends on
🗸🗸🗸: The frequency of the mailings
A type of mortgage which allows the lender to increase the outstanding balance of a
loan up to the original amount of the loan in order to advance additional funds is called
an
🗸🗸🗸: open-end mortgage
3|Page
Final Exam
(Actual Questions)
Latest Update
2024/2025
Graded A+
1|Page
,Colibri Real Estate Final Exam
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 that she wants to move to Cuban neighborhood. Then the
buyer asked if Lena could show her the best home in a Cuban area. How should Lena
respond to this request?
🗸🗸🗸: Lena should explain to the buyer that she ethically and legally cannot
recommend housing based on national origin.
Which of the following wills may be considered invalid?
🗸🗸🗸: A will that is not signed.
2|Page
, Broker Torrey hires salesperson Wes as an independent contractor. As an independent
contractor, Wes can expect which of the following from Broker Torrey?
🗸🗸🗸: Performance Expectations
Which of the following statements best describes what happens with a judicial
foreclosure?
🗸🗸🗸: The mortgaged property is sold under the supervision of a court.
Which of the following best describes the principle of conformity?
🗸🗸🗸: A home maintains its highest value by being in a neighborhood with similar-type
housing.
The cost of doing direct mail advertising depends on
🗸🗸🗸: The frequency of the mailings
A type of mortgage which allows the lender to increase the outstanding balance of a
loan up to the original amount of the loan in order to advance additional funds is called
an
🗸🗸🗸: open-end mortgage
3|Page
