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Colibri Real Estate Exam Questions And Answers
Latest 2025/2026 Edition Already Graded A+
A _______________ is a fee or rebate that is paid to an agent or
another participant in a transaction as an incentive to refer
customers to a particular vendor.
Bribe
Kickback
Dividend
Transfer note - ...ANSWER✓✓✓Kickback
A broker maintaining more than one place of business must
apply for and secure an additional____________ for each of the
branch offices.
branch certificate
performance bond
license
sponsoring branch license - ...ANSWER✓✓✓license
A broker must keep records of transactions on file for how long?
One year
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Two years
Three years
Until the Department of State audits the records -
...ANSWER✓✓✓Three years
A hearing decision is NOT made up of which of the following
sections?
Complaint
Findings of Fact
Mediation
Determination - ...ANSWER✓✓✓Mediation
A licensed _______________ must display his or her license
conspicuously in the principal place of business at all times.
salesperson
broker
affiliate broker
associate broker - ...ANSWER✓✓✓broker
A licensee can be held liable for _________ amount of any
compensation received for a transaction in which the license law
was violated.
The same
Four times the
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Five times the
Ten times the - ...ANSWER✓✓✓Four times the
A listing contract gives the broker the authority to
Negotiate the purchase price of the property.
Qualify buyers.
Determine which repairs will be made to the property.
Market the property. - ...ANSWER✓✓✓Market the property.
A net listing is a contract in which the broker receives as
commission all monies over and above a minimum sales price
agreed upon by the broker and the seller. This type of listing
is___________in New York.
illegal
frowned-upon
mandatory
implied - ...ANSWER✓✓✓illegal
A real estate salesperson works on behalf of a licensed real
estate broker to perform any of the following duties associated
with real estate transactions except?
List property
Sell property
Lease property
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Collect commissions - ...ANSWER✓✓✓Collect commissions
A real estate transaction has four stages. Which of the following
is NOT one of those stages?
Listing the property
Marketing the property
Negotiating the purchase contract
Settling the transaction - ...ANSWER✓✓✓Marketing the property
A salesperson can accept a commission from ___________________.
Their sponsoring broker.
The buyer
The seller
The title company - ...ANSWER✓✓✓Their sponsoring broker.
A salesperson sells a house listed by another company for
$192,000. The salesperson's company is to receive 50% of a 7%
commission, what is the salesperson's share of the commission
if he received 45% of the amount his company receives?
$3,220
$6,720
$3,024
$2,898 - ...ANSWER✓✓✓$3,024
Colibri Real Estate Exam Questions And Answers
Latest 2025/2026 Edition Already Graded A+
A _______________ is a fee or rebate that is paid to an agent or
another participant in a transaction as an incentive to refer
customers to a particular vendor.
Bribe
Kickback
Dividend
Transfer note - ...ANSWER✓✓✓Kickback
A broker maintaining more than one place of business must
apply for and secure an additional____________ for each of the
branch offices.
branch certificate
performance bond
license
sponsoring branch license - ...ANSWER✓✓✓license
A broker must keep records of transactions on file for how long?
One year
,2|Page
Two years
Three years
Until the Department of State audits the records -
...ANSWER✓✓✓Three years
A hearing decision is NOT made up of which of the following
sections?
Complaint
Findings of Fact
Mediation
Determination - ...ANSWER✓✓✓Mediation
A licensed _______________ must display his or her license
conspicuously in the principal place of business at all times.
salesperson
broker
affiliate broker
associate broker - ...ANSWER✓✓✓broker
A licensee can be held liable for _________ amount of any
compensation received for a transaction in which the license law
was violated.
The same
Four times the
,3|Page
Five times the
Ten times the - ...ANSWER✓✓✓Four times the
A listing contract gives the broker the authority to
Negotiate the purchase price of the property.
Qualify buyers.
Determine which repairs will be made to the property.
Market the property. - ...ANSWER✓✓✓Market the property.
A net listing is a contract in which the broker receives as
commission all monies over and above a minimum sales price
agreed upon by the broker and the seller. This type of listing
is___________in New York.
illegal
frowned-upon
mandatory
implied - ...ANSWER✓✓✓illegal
A real estate salesperson works on behalf of a licensed real
estate broker to perform any of the following duties associated
with real estate transactions except?
List property
Sell property
Lease property
, 4|Page
Collect commissions - ...ANSWER✓✓✓Collect commissions
A real estate transaction has four stages. Which of the following
is NOT one of those stages?
Listing the property
Marketing the property
Negotiating the purchase contract
Settling the transaction - ...ANSWER✓✓✓Marketing the property
A salesperson can accept a commission from ___________________.
Their sponsoring broker.
The buyer
The seller
The title company - ...ANSWER✓✓✓Their sponsoring broker.
A salesperson sells a house listed by another company for
$192,000. The salesperson's company is to receive 50% of a 7%
commission, what is the salesperson's share of the commission
if he received 45% of the amount his company receives?
$3,220
$6,720
$3,024
$2,898 - ...ANSWER✓✓✓$3,024
