final colibri real estate exam
Who can train office staff at a brokerage firm in weekly meetings? correct
answersAll of the above
Which step in the construction building process is likeliest to be
first? correct answersGrading
Without legal capacity and mutual consent in place, courts may likely do
what to the existing contracts or agency relationships? correct answersAll
of the above
The term "business ethics" applies to which of the following statements?
correct answersA form of applied ethics that examines ethical principles that
arise in a business environment.
What must a licensee first do before advertising listed property? correct
answersObtain the owner's consent.
A 90-day listing agreement is a type of . correct answersSpecial Agency
Which of the following would be an example of personal ethics? correct
answersAll of the above
Buyer Immanuel's broker finds out information about the seller which will
help Immanuel in the transaction. Loyalty is one of the duties of . correct
answersprotection.
A property has sold for $185,000. The listing agreement calls for a
commission of 6.5%. The listing broker and selling broker agree to share the
commission equally. What will the listing agent receive if the agent is
scheduled to get a 65% share from his broker? correct answers$3,908
Who is required to be the trustee for a brokerage trust account
fund? correct answersPrincipal Broker
Under what type of contract is a seller obligated to sell, but the buyer is not
obligated to buy? correct answersOption
What is the name for the act of spending client funds without permission
from a trust fund account? correct answersConversion
What must a licensee first obtain before engaging in property
management? correct answersA current written property management
agreement.
, When may a REALTOR® accept a rebate for services or suggest the use of
services of a business entity in which they have direct interest in? correct
answersOnly with their client's knowledge and consent.
What type of bank accounts are trust funds placed into once received
from clients? correct answersNon-interest bearing accounts
What is "one click away" as it relates to the real estate profession? correct
answersWhen a viewer online can find the agent's contact information with
just one click of the mouse, smartphone, or keyboard
What would be a valid reason for a city to approve a zoning
variance? correct answersAll of the Above
Which location is an industrial coal plant least likely to be
located? correct answersAdjacent to an Elementary SchoolTo the
Buyer
Who can financially be held liable for a Salesperson or Associate
Broker being physically assaulted at an open house showing? correct
answers
Who does the Buyer's Agent owe their primary loyalty to in a purchase
deal? correct answersTo the Buyer
For a dispute to qualify for arbitration, which of the following conditions
must be met? correct answersAll of the above.
What should a Principal Broker do when he wants to add new unique
clauses to a complex commercial real estate purchase contract to
minimize his risks? correct answersSeek out the advice of a trusted real
estate attorney
What can an injured party in a breach of contract situation do to attempt to
minimize the damage? correct answersAll of the above
Arbitration refers to what type of claim? correct answersA
money claim. How many square miles are there in a township?
correct answers36
Which method below is NOT a common one used by appraisers when
estimating a building's replacement cost? correct answersDrive-by
method
Under the Rectangular survey system, which direction do the base lines run
on a map? correct answersEast-West
Seller Monica is selling her property to Harriet. What is Monica's primary
responsibility at closing? correct answersTo deliver marketable title
Who can train office staff at a brokerage firm in weekly meetings? correct
answersAll of the above
Which step in the construction building process is likeliest to be
first? correct answersGrading
Without legal capacity and mutual consent in place, courts may likely do
what to the existing contracts or agency relationships? correct answersAll
of the above
The term "business ethics" applies to which of the following statements?
correct answersA form of applied ethics that examines ethical principles that
arise in a business environment.
What must a licensee first do before advertising listed property? correct
answersObtain the owner's consent.
A 90-day listing agreement is a type of . correct answersSpecial Agency
Which of the following would be an example of personal ethics? correct
answersAll of the above
Buyer Immanuel's broker finds out information about the seller which will
help Immanuel in the transaction. Loyalty is one of the duties of . correct
answersprotection.
A property has sold for $185,000. The listing agreement calls for a
commission of 6.5%. The listing broker and selling broker agree to share the
commission equally. What will the listing agent receive if the agent is
scheduled to get a 65% share from his broker? correct answers$3,908
Who is required to be the trustee for a brokerage trust account
fund? correct answersPrincipal Broker
Under what type of contract is a seller obligated to sell, but the buyer is not
obligated to buy? correct answersOption
What is the name for the act of spending client funds without permission
from a trust fund account? correct answersConversion
What must a licensee first obtain before engaging in property
management? correct answersA current written property management
agreement.
, When may a REALTOR® accept a rebate for services or suggest the use of
services of a business entity in which they have direct interest in? correct
answersOnly with their client's knowledge and consent.
What type of bank accounts are trust funds placed into once received
from clients? correct answersNon-interest bearing accounts
What is "one click away" as it relates to the real estate profession? correct
answersWhen a viewer online can find the agent's contact information with
just one click of the mouse, smartphone, or keyboard
What would be a valid reason for a city to approve a zoning
variance? correct answersAll of the Above
Which location is an industrial coal plant least likely to be
located? correct answersAdjacent to an Elementary SchoolTo the
Buyer
Who can financially be held liable for a Salesperson or Associate
Broker being physically assaulted at an open house showing? correct
answers
Who does the Buyer's Agent owe their primary loyalty to in a purchase
deal? correct answersTo the Buyer
For a dispute to qualify for arbitration, which of the following conditions
must be met? correct answersAll of the above.
What should a Principal Broker do when he wants to add new unique
clauses to a complex commercial real estate purchase contract to
minimize his risks? correct answersSeek out the advice of a trusted real
estate attorney
What can an injured party in a breach of contract situation do to attempt to
minimize the damage? correct answersAll of the above
Arbitration refers to what type of claim? correct answersA
money claim. How many square miles are there in a township?
correct answers36
Which method below is NOT a common one used by appraisers when
estimating a building's replacement cost? correct answersDrive-by
method
Under the Rectangular survey system, which direction do the base lines run
on a map? correct answersEast-West
Seller Monica is selling her property to Harriet. What is Monica's primary
responsibility at closing? correct answersTo deliver marketable title
