Colibri Real Estate Practice Exam 2025
With 100% Correct Answers
Which of the following would be an example of a licensee specializing in business type? -
correct answers ✔✔Jim specializes in clients who want to buy restaurants.
Which of the following statements is not true? - correct answers ✔✔A broker is not responsible
for the acts of independent contractors.
Which of these statements is true? - correct answers ✔✔Salespersons must perform all of their
activities on behalf of their employing broker.
Which of the following circumstances would concern you about working for Broker John? -
correct answers ✔✔John expects his agents to spend 5 hours a week on unsupervised
telephone duty.
Which of the following is not a national real estate trade organization? - correct answers
✔✔CAR
Alice has decided that she will specialize in selling farm land. Which area of specialization would
she fall into? - correct answers ✔✔Type of property
Which of the following is NOT a condition of the safe harbor test? - correct answers ✔✔Gross
income must be based on hours worked.
A shopping center would be primarily categorized as what type of property? - correct answers
✔✔Commercial
,All of the following are true statements about goals except which one? - correct answers
✔✔Once you set a goal you should never change it.
Broker Alice has hired several independent contractors in her firm. Which of these activities
does she have control over? - correct answers ✔✔What percent of commission the licensees
can charge.
If a broker receives a deposit check with a purchase contract, which of these is he not allowed
to do? - correct answers ✔✔Deposit into the brokerage business account.
A person who believes he or she has been discriminated against has how long from the time of
the alleged violation to file a suit in a state or federal court? - correct answers ✔✔24 months
If a person believes he or she has been discriminated against, how long does he or she have to
file a HUD complaint? - correct answers ✔✔1 year
Which California Fair Housing law provides protection from discrimination by business
establishments? - correct answers ✔✔Unruh Civil Rights Act
A broker induces an owner to sell by telling him that Hispanics are moving into the
neighborhood. This broker is guilty of what prohibited activity? - correct answers ✔✔Panic
selling
Which of the following is not a source of information for professional ethics codes? - correct
answers ✔✔Real estate schools
How long must trust account records be kept? - correct answers ✔✔3 years
, Which is not a true statement about the Americans with Disabilities Act? - correct answers
✔✔A duplex owner might need to remodel the kitchen in the rental unit to accommodate
persons with disabilities.
Which Fair Housing Law added sex to the list of protected classes? - correct answers
✔✔Housing and Community Development Act
Which of these is not an exemption to fair housing law? - correct answers ✔✔The sale of a
single-family home by an owner who owns five residences
Timeshare buyers have the right to rescind a transaction within what timeframe after signing
the purchase contract? - correct answers ✔✔7 days
Agent Paul is bound to inform his client of all facts that might affect the client's interests -- both
what Paul knows and what he "should have known." Which of these situations would not be
something Paul "should know"? - correct answers ✔✔The owner of the property is HIV positive.
The principles of an agency relationship include all of these factors except which one? - correct
answers ✔✔Compensation
Which of the following is not a fiduciary duty an agent owes to his or her principal? - correct
answers ✔✔Blind obedience
Which disclosure form gives detailed information about the property's condition? - correct
answers ✔✔Real Estate Transfer Disclosure Statement
Which of the following types of agency is not allowed in California? - correct answers
✔✔Designated agency
With 100% Correct Answers
Which of the following would be an example of a licensee specializing in business type? -
correct answers ✔✔Jim specializes in clients who want to buy restaurants.
Which of the following statements is not true? - correct answers ✔✔A broker is not responsible
for the acts of independent contractors.
Which of these statements is true? - correct answers ✔✔Salespersons must perform all of their
activities on behalf of their employing broker.
Which of the following circumstances would concern you about working for Broker John? -
correct answers ✔✔John expects his agents to spend 5 hours a week on unsupervised
telephone duty.
Which of the following is not a national real estate trade organization? - correct answers
✔✔CAR
Alice has decided that she will specialize in selling farm land. Which area of specialization would
she fall into? - correct answers ✔✔Type of property
Which of the following is NOT a condition of the safe harbor test? - correct answers ✔✔Gross
income must be based on hours worked.
A shopping center would be primarily categorized as what type of property? - correct answers
✔✔Commercial
,All of the following are true statements about goals except which one? - correct answers
✔✔Once you set a goal you should never change it.
Broker Alice has hired several independent contractors in her firm. Which of these activities
does she have control over? - correct answers ✔✔What percent of commission the licensees
can charge.
If a broker receives a deposit check with a purchase contract, which of these is he not allowed
to do? - correct answers ✔✔Deposit into the brokerage business account.
A person who believes he or she has been discriminated against has how long from the time of
the alleged violation to file a suit in a state or federal court? - correct answers ✔✔24 months
If a person believes he or she has been discriminated against, how long does he or she have to
file a HUD complaint? - correct answers ✔✔1 year
Which California Fair Housing law provides protection from discrimination by business
establishments? - correct answers ✔✔Unruh Civil Rights Act
A broker induces an owner to sell by telling him that Hispanics are moving into the
neighborhood. This broker is guilty of what prohibited activity? - correct answers ✔✔Panic
selling
Which of the following is not a source of information for professional ethics codes? - correct
answers ✔✔Real estate schools
How long must trust account records be kept? - correct answers ✔✔3 years
, Which is not a true statement about the Americans with Disabilities Act? - correct answers
✔✔A duplex owner might need to remodel the kitchen in the rental unit to accommodate
persons with disabilities.
Which Fair Housing Law added sex to the list of protected classes? - correct answers
✔✔Housing and Community Development Act
Which of these is not an exemption to fair housing law? - correct answers ✔✔The sale of a
single-family home by an owner who owns five residences
Timeshare buyers have the right to rescind a transaction within what timeframe after signing
the purchase contract? - correct answers ✔✔7 days
Agent Paul is bound to inform his client of all facts that might affect the client's interests -- both
what Paul knows and what he "should have known." Which of these situations would not be
something Paul "should know"? - correct answers ✔✔The owner of the property is HIV positive.
The principles of an agency relationship include all of these factors except which one? - correct
answers ✔✔Compensation
Which of the following is not a fiduciary duty an agent owes to his or her principal? - correct
answers ✔✔Blind obedience
Which disclosure form gives detailed information about the property's condition? - correct
answers ✔✔Real Estate Transfer Disclosure Statement
Which of the following types of agency is not allowed in California? - correct answers
✔✔Designated agency
