COLIBRI REAL ESTATE 30 HR POST LICENSING COURSE |
COMPLETE QUESTIONS WITH 100% RATED EXPERT SOLUTIONS
|2026 LATEST UPDATED
Chapter 1:
conditions affecting the property title
deposit or down payment procedures
riders
type of deed to be conveyedWhich is typically an element of a pre-printed purchase contract?
Select all correct responses. - (answer)conditions affecting the property title
deposit or down payment procedures
riders
type of deed to be conveyedWhich is typically an element of a pre-printed purchase contract?
Select all correct responses.
A simple formula that leads to rapport with clients is - (answer)Watch + Listen + Match.
The Indiana Legislature granted IREC exclusive authority for which function? Select all correct
responses. - (answer)adopt standards of competent practice and rules of behavior
,censure, deny, issue, revoke, or suspend licenses and/or licensees
conduct hearings to investigate complaints against licensees
take action in circuit court to enforce license law
Julia contracts with Joe to create the lace wedding dress she designed. Joe shows up at the first
fitting with a pink satin dress, although the design is similar. Joe demands the full $8,200
indicated in the contract. Julia refuses to pay. He sues, and the court rules that Julia owes him
nothing because this was - (answer)a material breach.
Attorney David is serving as executor of an estate that includes Indiana real estate. Is David
allowed to sell the property? - (answer)Yes
Who is required to receive a copy of the Indiana Residential Sales Disclosure Form? -
(answer)buyer prior to acceptance of their offer
At closing, who signs the new deed? - (answer)the seller only
Senate Bill 275 changed real estate licensing to a single licensure structure with brokers and
managing brokers having the same experience and education requirements. - (answer)False
,Adam and Jenny enter into an agreement wherein Adam will buy Jenny's house at the asking
price if Jenny will install a new roof and if Adam can qualify for a loan sufficient to cover the
purchase. Until the roof is installed and the financing obtained, the contract is said to be -
(answer)executory.
Upon termination, a licensee must turn over all listings and exclusive buyer agency agreements
to the managing broker. - (answer)True
An agreement in which the buyer is "open" to work with an unlimited number of brokers, and
only the broker who locates the property that the buyer purchases is paid compensation is a(n) -
(answer)non-exclusive buyer agency agreement.
Who receives a copy of the purchase offer? Select all correct responses. - (answer)managing
broker
prospective purchasers
sellers
All advertising listing a property must display the name of the managing broker or firm. -
(answer)True
, Which act(s) is designated as a Class A infraction of real estate laws and regulations? Select all
correct responses. - (answer)attempting to obtain a license through fraud or deception
committing acts in another state resulting in disciplinary action
engaging in false advertising
practicing with a license that is inactive or unassigned
Which of the following is designated as an incompetent real estate practice under Indiana real
estate regulations? Select all correct responses. - (answer)acting in dual capacity of licensee and
undisclosed client in any transaction
offering real property on any terms other than those authorized by the owner
representing a managing broker other than the one with whom the licensee is associated
IREC may summarily suspend a broker's license without a hearing for up to 90 days. -
(answer)True
The Indiana Real Estate Commission (IREC) randomly conducts investigations regarding
potential license law violations - (answer)False
IREC conducts investigations usually based on complaints or inquiries it receives; it randomly
conducts licensee audits
COMPLETE QUESTIONS WITH 100% RATED EXPERT SOLUTIONS
|2026 LATEST UPDATED
Chapter 1:
conditions affecting the property title
deposit or down payment procedures
riders
type of deed to be conveyedWhich is typically an element of a pre-printed purchase contract?
Select all correct responses. - (answer)conditions affecting the property title
deposit or down payment procedures
riders
type of deed to be conveyedWhich is typically an element of a pre-printed purchase contract?
Select all correct responses.
A simple formula that leads to rapport with clients is - (answer)Watch + Listen + Match.
The Indiana Legislature granted IREC exclusive authority for which function? Select all correct
responses. - (answer)adopt standards of competent practice and rules of behavior
,censure, deny, issue, revoke, or suspend licenses and/or licensees
conduct hearings to investigate complaints against licensees
take action in circuit court to enforce license law
Julia contracts with Joe to create the lace wedding dress she designed. Joe shows up at the first
fitting with a pink satin dress, although the design is similar. Joe demands the full $8,200
indicated in the contract. Julia refuses to pay. He sues, and the court rules that Julia owes him
nothing because this was - (answer)a material breach.
Attorney David is serving as executor of an estate that includes Indiana real estate. Is David
allowed to sell the property? - (answer)Yes
Who is required to receive a copy of the Indiana Residential Sales Disclosure Form? -
(answer)buyer prior to acceptance of their offer
At closing, who signs the new deed? - (answer)the seller only
Senate Bill 275 changed real estate licensing to a single licensure structure with brokers and
managing brokers having the same experience and education requirements. - (answer)False
,Adam and Jenny enter into an agreement wherein Adam will buy Jenny's house at the asking
price if Jenny will install a new roof and if Adam can qualify for a loan sufficient to cover the
purchase. Until the roof is installed and the financing obtained, the contract is said to be -
(answer)executory.
Upon termination, a licensee must turn over all listings and exclusive buyer agency agreements
to the managing broker. - (answer)True
An agreement in which the buyer is "open" to work with an unlimited number of brokers, and
only the broker who locates the property that the buyer purchases is paid compensation is a(n) -
(answer)non-exclusive buyer agency agreement.
Who receives a copy of the purchase offer? Select all correct responses. - (answer)managing
broker
prospective purchasers
sellers
All advertising listing a property must display the name of the managing broker or firm. -
(answer)True
, Which act(s) is designated as a Class A infraction of real estate laws and regulations? Select all
correct responses. - (answer)attempting to obtain a license through fraud or deception
committing acts in another state resulting in disciplinary action
engaging in false advertising
practicing with a license that is inactive or unassigned
Which of the following is designated as an incompetent real estate practice under Indiana real
estate regulations? Select all correct responses. - (answer)acting in dual capacity of licensee and
undisclosed client in any transaction
offering real property on any terms other than those authorized by the owner
representing a managing broker other than the one with whom the licensee is associated
IREC may summarily suspend a broker's license without a hearing for up to 90 days. -
(answer)True
The Indiana Real Estate Commission (IREC) randomly conducts investigations regarding
potential license law violations - (answer)False
IREC conducts investigations usually based on complaints or inquiries it receives; it randomly
conducts licensee audits
