colibri real estate practice Q&As
(Verified Answers) 2026
type? - correct answer ✅
Which of the following would be an example of a licensee specializing in business
Jim specializes in clients who want to buy restaurants.
Which of the following statements is not true? - correct answer
responsible for the acts of independent contractors.
✅ A broker is not
Which of these statements is true? - correct answer ✅ Salespersons must
perform all of their activities on behalf of their employing broker.
Broker John? - correct answer
on unsupervised telephone duty.
✅
Which of the following circumstances would concern you about working for
John expects his agents to spend 5 hours a week
answer ✅
Which of the following is not a national real estate trade organization? - correct
CAR
specialization would she fall into? - correct answer ✅
Alice has decided that she will specialize in selling farm land. Which area of
Type of property
answer ✅
Which of the following is NOT a condition of the safe harbor test? - correct
Gross income must be based on hours worked.
correct answer ✅
A shopping center would be primarily categorized as what type of property? -
Commercial
,colibri real estate practice Q&As
(Verified Answers) 2026
answer ✅
All of the following are true statements about goals except which one? - correct
Once you set a goal you should never change it.
activities does she have control over? - correct answer
commission the licensees can charge.
✅
Broker Alice has hired several independent contractors in her firm. Which of these
What percent of
not allowed to do? - correct answer
account.
✅
If a broker receives a deposit check with a purchase contract, which of these is he
Deposit into the brokerage business
A person who believes he or she has been discriminated against has how long
correct answer ✅
from the time of the alleged violation to file a suit in a state or federal court? -
24 months
she have to file a HUD complaint? - correct answer ✅
If a person believes he or she has been discriminated against, how long does he or
1 year
business establishments? - correct answer ✅
Which California Fair Housing law provides protection from discrimination by
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 answer
Panic selling
codes? - correct answer ✅
Which of the following is not a source of information for professional ethics
Real estate schools
, colibri real estate practice Q&As
(Verified Answers) 2026
How long must trust account records be kept? - correct answer ✅ 3 years
answer ✅
Which is not a true statement about the Americans with Disabilities Act? - correct
A duplex owner might need to remodel the kitchen in the rental unit
to accommodate persons with disabilities.
answer ✅
Which Fair Housing Law added sex to the list of protected classes? - correct
Housing and Community Development Act
Which of these is not an exemption to fair housing law? - correct answer
sale of a single-family home by an owner who owns five residences
✅ The
after signing the purchase contract? - correct answer ✅
Timeshare buyers have the right to rescind a transaction within what timeframe
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 answer
The owner of the property is HIV positive.
one? - correct answer ✅
The principles of an agency relationship include all of these factors except which
Compensation
principal? - correct answer ✅
Which of the following is not a fiduciary duty an agent owes to his or her
Blind obedience
(Verified Answers) 2026
type? - correct answer ✅
Which of the following would be an example of a licensee specializing in business
Jim specializes in clients who want to buy restaurants.
Which of the following statements is not true? - correct answer
responsible for the acts of independent contractors.
✅ A broker is not
Which of these statements is true? - correct answer ✅ Salespersons must
perform all of their activities on behalf of their employing broker.
Broker John? - correct answer
on unsupervised telephone duty.
✅
Which of the following circumstances would concern you about working for
John expects his agents to spend 5 hours a week
answer ✅
Which of the following is not a national real estate trade organization? - correct
CAR
specialization would she fall into? - correct answer ✅
Alice has decided that she will specialize in selling farm land. Which area of
Type of property
answer ✅
Which of the following is NOT a condition of the safe harbor test? - correct
Gross income must be based on hours worked.
correct answer ✅
A shopping center would be primarily categorized as what type of property? -
Commercial
,colibri real estate practice Q&As
(Verified Answers) 2026
answer ✅
All of the following are true statements about goals except which one? - correct
Once you set a goal you should never change it.
activities does she have control over? - correct answer
commission the licensees can charge.
✅
Broker Alice has hired several independent contractors in her firm. Which of these
What percent of
not allowed to do? - correct answer
account.
✅
If a broker receives a deposit check with a purchase contract, which of these is he
Deposit into the brokerage business
A person who believes he or she has been discriminated against has how long
correct answer ✅
from the time of the alleged violation to file a suit in a state or federal court? -
24 months
she have to file a HUD complaint? - correct answer ✅
If a person believes he or she has been discriminated against, how long does he or
1 year
business establishments? - correct answer ✅
Which California Fair Housing law provides protection from discrimination by
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 answer
Panic selling
codes? - correct answer ✅
Which of the following is not a source of information for professional ethics
Real estate schools
, colibri real estate practice Q&As
(Verified Answers) 2026
How long must trust account records be kept? - correct answer ✅ 3 years
answer ✅
Which is not a true statement about the Americans with Disabilities Act? - correct
A duplex owner might need to remodel the kitchen in the rental unit
to accommodate persons with disabilities.
answer ✅
Which Fair Housing Law added sex to the list of protected classes? - correct
Housing and Community Development Act
Which of these is not an exemption to fair housing law? - correct answer
sale of a single-family home by an owner who owns five residences
✅ The
after signing the purchase contract? - correct answer ✅
Timeshare buyers have the right to rescind a transaction within what timeframe
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 answer
The owner of the property is HIV positive.
one? - correct answer ✅
The principles of an agency relationship include all of these factors except which
Compensation
principal? - correct answer ✅
Which of the following is not a fiduciary duty an agent owes to his or her
Blind obedience
