Colibri Real Estate Test Questions 2025
With 100% Correct Answers
What is the primary purpose of instituting FACTA? - correct answers ✔✔To combat identity
theft, and enhance the accuracy and privacy of information held by credit reporting agencies.
In the case of multiple offers who should review counteroffer terms that deviate from the
standard fill-in-the-blank forms? - correct answers ✔✔An attorney
Conventional loans usually require the debt ratio be? - correct answers ✔✔Less than 36%
What is formed when people join together and own or control housing or related facilities? -
correct answers ✔✔Co-op Ownership
Commercial property is used specifically for? - correct answers ✔✔Business Properties
Price is the number that quantifies? - correct answers ✔✔Cost
The services a licensees owes ONLY to a client? - correct answers ✔✔Agency Disclosure
How long does an individual have to file a complaint with the Housing and Urban Development
Agency(HUD)? - correct answers ✔✔1 Year
What actions make up the majority of exclusionary discrimination cases against landlords? -
correct answers ✔✔False Advertisements
, What does a For Sale By Owner(FSBO) seller sign that identifies the buyer, and guarantees the
agent a commission if the buyer purchases? - correct answers ✔✔Commission Agreement for
Sale
What clause allows for parcels and units to be sold from a blanket mortgage? - correct answers
✔✔Release Clause
To avoid litigation, what should all Real Estate(RE) companies using websites develop? - correct
answers ✔✔An Internet Advertising Policy
What is it called when the lack of public sites in urban minority areas have contributed to the
urban decay? - correct answers ✔✔Public Domain Racism
What gives the public constructive notice of a grantee's ownership? - correct answers
✔✔Recording the Deed
Life insurance companies typically invest how much of their assets in RE? - correct answers
✔✔(3/4), three- fourths
Why should agents avoid expressing value judgements when advertising? - correct answers
✔✔So as to not mislead the consumer
With a reverse annuity mortgage, the lender is making payments to? - correct answers
✔✔Borrower
An insured conventional loan is similar to a Federal Housing Administration(FHA) loan, except
the insurer is? - correct answers ✔✔Secondary Lender
What protected class was added by Fair Housing Amendments Act in 1988? - correct answers
✔✔Families with children, and people with disabilities
With 100% Correct Answers
What is the primary purpose of instituting FACTA? - correct answers ✔✔To combat identity
theft, and enhance the accuracy and privacy of information held by credit reporting agencies.
In the case of multiple offers who should review counteroffer terms that deviate from the
standard fill-in-the-blank forms? - correct answers ✔✔An attorney
Conventional loans usually require the debt ratio be? - correct answers ✔✔Less than 36%
What is formed when people join together and own or control housing or related facilities? -
correct answers ✔✔Co-op Ownership
Commercial property is used specifically for? - correct answers ✔✔Business Properties
Price is the number that quantifies? - correct answers ✔✔Cost
The services a licensees owes ONLY to a client? - correct answers ✔✔Agency Disclosure
How long does an individual have to file a complaint with the Housing and Urban Development
Agency(HUD)? - correct answers ✔✔1 Year
What actions make up the majority of exclusionary discrimination cases against landlords? -
correct answers ✔✔False Advertisements
, What does a For Sale By Owner(FSBO) seller sign that identifies the buyer, and guarantees the
agent a commission if the buyer purchases? - correct answers ✔✔Commission Agreement for
Sale
What clause allows for parcels and units to be sold from a blanket mortgage? - correct answers
✔✔Release Clause
To avoid litigation, what should all Real Estate(RE) companies using websites develop? - correct
answers ✔✔An Internet Advertising Policy
What is it called when the lack of public sites in urban minority areas have contributed to the
urban decay? - correct answers ✔✔Public Domain Racism
What gives the public constructive notice of a grantee's ownership? - correct answers
✔✔Recording the Deed
Life insurance companies typically invest how much of their assets in RE? - correct answers
✔✔(3/4), three- fourths
Why should agents avoid expressing value judgements when advertising? - correct answers
✔✔So as to not mislead the consumer
With a reverse annuity mortgage, the lender is making payments to? - correct answers
✔✔Borrower
An insured conventional loan is similar to a Federal Housing Administration(FHA) loan, except
the insurer is? - correct answers ✔✔Secondary Lender
What protected class was added by Fair Housing Amendments Act in 1988? - correct answers
✔✔Families with children, and people with disabilities
