Colibri Real Estate (Real Estate Express) Final Exam –
Practice Test Questions And Correct Answers (Verified
Answers) Plus Rationales 2025/2026 Q&A | Instant
Download Pdf
1. Which of the following is considered real property?
A. A dining table
B. A chandelier permanently installed in the ceiling
C. A stack of lumber
D. A refrigerator not built into cabinetry
B. A chandelier permanently installed in the ceiling
Fixtures attached to the property become part of real property unless otherwise
agreed.
2. Which right allows a property owner to use water from a river bordering their
land?
A. Littoral rights
B. Avulsion
C. Riparian rights
D. Accretion
C. Riparian rights
Riparian rights apply to flowing water such as rivers and streams.
3. Which of the following would terminate an easement?
A. Abandonment by the dominant tenement
B. Death of the servient owner
C. Sale of the dominant property
,D. Lien placed on the property
A. Abandonment by the dominant tenement
If the dominant estate owner ceases use with intent to abandon, the easement can
terminate.
4. The bundle of rights in real property includes all EXCEPT:
A. Right of possession
B. Right to control
C. Right to police powers
D. Right to enjoyment
C. Right to police powers
Police powers are reserved for the government, not individual property owners.
5. An agency relationship is created when:
A. A broker advertises a property
B. A client signs a listing agreement
C. A salesperson shows property
D. A license is issued by the state
B. A client signs a listing agreement
Agency requires consent and agreement between client and broker.
6. What is the fiduciary duty requiring an agent to act in the client’s best
financial interest?
A. Loyalty
B. Obedience
C. Accounting
D. Disclosure
A. Loyalty
Loyalty ensures the client’s interest is put above all others, including the agent’s.
, 7. What is the primary purpose of a deed?
A. To provide evidence of ownership
B. To transfer title
C. To guarantee marketable title
D. To record property boundaries
B. To transfer title
A deed is the written instrument that conveys title from grantor to grantee.
8. A special warranty deed differs from a general warranty deed because it:
A. Provides no warranties
B. Covers only the time of the grantor’s ownership
C. Is only used in tax sales
D. Includes covenant of further assurance
B. Covers only the time of the grantor’s ownership
Special warranty limits the warranty to defects during the grantor’s ownership.
9. Which lien takes priority over all other liens?
A. Mortgage lien
B. IRS tax lien
C. Mechanic’s lien
D. Property tax lien
D. Property tax lien
Property tax liens always take priority regardless of recording date.
10. Which appraisal approach is best for a church?
A. Income approach
B. Cost approach
C. Sales comparison approach
D. Market approach
B. Cost approach
Practice Test Questions And Correct Answers (Verified
Answers) Plus Rationales 2025/2026 Q&A | Instant
Download Pdf
1. Which of the following is considered real property?
A. A dining table
B. A chandelier permanently installed in the ceiling
C. A stack of lumber
D. A refrigerator not built into cabinetry
B. A chandelier permanently installed in the ceiling
Fixtures attached to the property become part of real property unless otherwise
agreed.
2. Which right allows a property owner to use water from a river bordering their
land?
A. Littoral rights
B. Avulsion
C. Riparian rights
D. Accretion
C. Riparian rights
Riparian rights apply to flowing water such as rivers and streams.
3. Which of the following would terminate an easement?
A. Abandonment by the dominant tenement
B. Death of the servient owner
C. Sale of the dominant property
,D. Lien placed on the property
A. Abandonment by the dominant tenement
If the dominant estate owner ceases use with intent to abandon, the easement can
terminate.
4. The bundle of rights in real property includes all EXCEPT:
A. Right of possession
B. Right to control
C. Right to police powers
D. Right to enjoyment
C. Right to police powers
Police powers are reserved for the government, not individual property owners.
5. An agency relationship is created when:
A. A broker advertises a property
B. A client signs a listing agreement
C. A salesperson shows property
D. A license is issued by the state
B. A client signs a listing agreement
Agency requires consent and agreement between client and broker.
6. What is the fiduciary duty requiring an agent to act in the client’s best
financial interest?
A. Loyalty
B. Obedience
C. Accounting
D. Disclosure
A. Loyalty
Loyalty ensures the client’s interest is put above all others, including the agent’s.
, 7. What is the primary purpose of a deed?
A. To provide evidence of ownership
B. To transfer title
C. To guarantee marketable title
D. To record property boundaries
B. To transfer title
A deed is the written instrument that conveys title from grantor to grantee.
8. A special warranty deed differs from a general warranty deed because it:
A. Provides no warranties
B. Covers only the time of the grantor’s ownership
C. Is only used in tax sales
D. Includes covenant of further assurance
B. Covers only the time of the grantor’s ownership
Special warranty limits the warranty to defects during the grantor’s ownership.
9. Which lien takes priority over all other liens?
A. Mortgage lien
B. IRS tax lien
C. Mechanic’s lien
D. Property tax lien
D. Property tax lien
Property tax liens always take priority regardless of recording date.
10. Which appraisal approach is best for a church?
A. Income approach
B. Cost approach
C. Sales comparison approach
D. Market approach
B. Cost approach
