COLIBRI REAL ESTATE EXAM WITH ACTUAL
CORRECT QUESTIONS AND VERIFIED
DETAILED ANSWERS| CURRENTLY TESTING
VERSION | ALREADY GRADED
A+|NEWEST|EXPERT VERIFIED FOR
GUARANTEED PASS 2026/2027
A broker has a policy that agents will not be dual agents in in-company transactions or
when the agents sell their own listings. Which would a potential buyer be to the listing
agent if the buyer wants to buy the agent's listing?
customer
A dual agent is a broker or salesperson who represents both buyer and seller. A client is
a party represented by a broker. An agent is someone a client hires to represent them
like a broker. The customer is the party in the transaction that is not represented.
Seller and buyer entered into an instrument of conveyance in which the buyer
immediately received legal title. Which instrument would have been used by the
parties?
deed
An offer cannot become a contract until the offer is accepted. An option may never be
exercised. A land contract only conveys equitable title. A deed is the instrument that
conveys legal title.
An attorney refers a friend looking to purchase a home to a broker. Subsequently, the
broker contacts the attorney's friend and assists in finding a property for the friend to
1|Page
,buy. At what point might the broker be allowed to compensate the attorney for the
referral?
At no time
License law in Georgia allows a broker to pay a referral fee ONLY to another real estate
broker.
A real estate listing is an agreement between
seller and broker
The listing agreement is an agreement between broker and seller; the broker is entitled
to a commission when a ready, willing, and able buyer makes an offer acceptable to the
seller.
Executor Fred calls Agent Tom to list a vacant tract of land, instructing him to list the
land for $700,000. Several weeks later, Agent Tom becomes aware of a developer who
would pay as much as $1,000,000 for the property. Tom thereupon submits a full-price
offer to the owner and purchases the property. Tom then resells the property to the
developer and pockets a $300,000 profit. Which statement is TRUE?
Tom violated the law by not providing notice of information that would affect Fred
Tom had a duty to inform Fred of the true value of the property. This would be known as
self-dealing.
Point of beginning refers to
the first corner of the parcel to be surveyed.
The point of beginning is where a metes and bound description starts and ends.
An individual has operated a service station in Georgia for years, in an area recently
rezoned for residential use. After the gas station was virtually demolished by a severe
storm, what would be true?
2|Page
,The owner could only rebuild the gas station if the location was spot zoned for
commercial use or if the owner was granted a variance
Under these circumstances, the owner had been operating the service station under
non-conforming use; when the property was destroyed, it would have to be rebuilt to
comply with current zoning laws, unless the location was spot zoned for commercial or
the owner was granted a variance from the zoning board. The owner would not be
entitled to compensation for the loss of the business.
Who is NOT an agent or subagent?
a non-licensed personal assistant of an agent
A broker, property manager, and salesperson would either be considered an agent, or
subagent. An unlicensed assistant can only do administrative tasks for the agent.
With the intention of offering a homebuyer some assurances about the physical
condition of the property under contract, the customary residential sales agreement
form in Georgia makes the buyer's contract commitment contingent on a(n):
Inspection by a qualified home inspector
Although many contingencies may be a part of any real estate sales contract, the
standard Georgia real estate contract includes a home inspection contingency that
specifically affords the buyer some degree of confidence regarding the structural
condition of the property.
A section of a township contains
640 Acres
An acre contains 43,560 square feet, which is equal to 160 square rods. A mile contains
5,280 feet, which is equal to 1,760 yards, or 320 rods. Each township contains 36
sections. Each section is one square mile, or 640 acres.
Taking measures to reduce adverse impacts on the environment is known as
3|Page
, mitigation
Minimization is a comprehensive program to minimize or eliminate wastes. Mitigation is
the measures taken to reduce adverse impacts on the environment. Microbial growth is
the amplification or multiplication of micro-organisms. A mobile incinerator system is
the hazardous waste incinerator that can be transported from one site to another.
After a mortgage foreclosure sale in Georgia, how long does the defaulted borrower
have to redeem the property?
There is no redemption period in Georgia after the foreclosure sale
In Georgia, the period for redeeming a property in default, called equity of redemption,
does not extend beyond the foreclosure sale, which, if allowed, is called statutory
equity of redemption.
Bob and Janice want to obtain a loan to buy a new home. Their combined monthly
income is $7,500. What amount of monthly payment can they qualify for if the lender
uses 28/36 ratios and they have no other debt?
$2100
To calculate the maximum monthly payment they can qualify for, use the qualifying
formula: Part (Allowable payment amount) = Percent (Ratio) x Whole (Income). Insert
the known variables, Part = 0.28 x $7,500 and calculate. The maximum monthly
payment Bob and Janice can qualify for is $2,100.
A real estate agent forms an LLC. While previewing the new listings on the market the
agent sees a bank-owned listing priced to sell quickly. The agent writes an offer on the
property in the name of the LLC. The bank addendum prohibits agents from purchasing
bank-owned assets. The agent's LLC buys the property. The agent
is acting as an undisclosed principle
If the purchaser (the LLC) is owned by the agent, the agent must disclose themselves as
4|Page
CORRECT QUESTIONS AND VERIFIED
DETAILED ANSWERS| CURRENTLY TESTING
VERSION | ALREADY GRADED
A+|NEWEST|EXPERT VERIFIED FOR
GUARANTEED PASS 2026/2027
A broker has a policy that agents will not be dual agents in in-company transactions or
when the agents sell their own listings. Which would a potential buyer be to the listing
agent if the buyer wants to buy the agent's listing?
customer
A dual agent is a broker or salesperson who represents both buyer and seller. A client is
a party represented by a broker. An agent is someone a client hires to represent them
like a broker. The customer is the party in the transaction that is not represented.
Seller and buyer entered into an instrument of conveyance in which the buyer
immediately received legal title. Which instrument would have been used by the
parties?
deed
An offer cannot become a contract until the offer is accepted. An option may never be
exercised. A land contract only conveys equitable title. A deed is the instrument that
conveys legal title.
An attorney refers a friend looking to purchase a home to a broker. Subsequently, the
broker contacts the attorney's friend and assists in finding a property for the friend to
1|Page
,buy. At what point might the broker be allowed to compensate the attorney for the
referral?
At no time
License law in Georgia allows a broker to pay a referral fee ONLY to another real estate
broker.
A real estate listing is an agreement between
seller and broker
The listing agreement is an agreement between broker and seller; the broker is entitled
to a commission when a ready, willing, and able buyer makes an offer acceptable to the
seller.
Executor Fred calls Agent Tom to list a vacant tract of land, instructing him to list the
land for $700,000. Several weeks later, Agent Tom becomes aware of a developer who
would pay as much as $1,000,000 for the property. Tom thereupon submits a full-price
offer to the owner and purchases the property. Tom then resells the property to the
developer and pockets a $300,000 profit. Which statement is TRUE?
Tom violated the law by not providing notice of information that would affect Fred
Tom had a duty to inform Fred of the true value of the property. This would be known as
self-dealing.
Point of beginning refers to
the first corner of the parcel to be surveyed.
The point of beginning is where a metes and bound description starts and ends.
An individual has operated a service station in Georgia for years, in an area recently
rezoned for residential use. After the gas station was virtually demolished by a severe
storm, what would be true?
2|Page
,The owner could only rebuild the gas station if the location was spot zoned for
commercial use or if the owner was granted a variance
Under these circumstances, the owner had been operating the service station under
non-conforming use; when the property was destroyed, it would have to be rebuilt to
comply with current zoning laws, unless the location was spot zoned for commercial or
the owner was granted a variance from the zoning board. The owner would not be
entitled to compensation for the loss of the business.
Who is NOT an agent or subagent?
a non-licensed personal assistant of an agent
A broker, property manager, and salesperson would either be considered an agent, or
subagent. An unlicensed assistant can only do administrative tasks for the agent.
With the intention of offering a homebuyer some assurances about the physical
condition of the property under contract, the customary residential sales agreement
form in Georgia makes the buyer's contract commitment contingent on a(n):
Inspection by a qualified home inspector
Although many contingencies may be a part of any real estate sales contract, the
standard Georgia real estate contract includes a home inspection contingency that
specifically affords the buyer some degree of confidence regarding the structural
condition of the property.
A section of a township contains
640 Acres
An acre contains 43,560 square feet, which is equal to 160 square rods. A mile contains
5,280 feet, which is equal to 1,760 yards, or 320 rods. Each township contains 36
sections. Each section is one square mile, or 640 acres.
Taking measures to reduce adverse impacts on the environment is known as
3|Page
, mitigation
Minimization is a comprehensive program to minimize or eliminate wastes. Mitigation is
the measures taken to reduce adverse impacts on the environment. Microbial growth is
the amplification or multiplication of micro-organisms. A mobile incinerator system is
the hazardous waste incinerator that can be transported from one site to another.
After a mortgage foreclosure sale in Georgia, how long does the defaulted borrower
have to redeem the property?
There is no redemption period in Georgia after the foreclosure sale
In Georgia, the period for redeeming a property in default, called equity of redemption,
does not extend beyond the foreclosure sale, which, if allowed, is called statutory
equity of redemption.
Bob and Janice want to obtain a loan to buy a new home. Their combined monthly
income is $7,500. What amount of monthly payment can they qualify for if the lender
uses 28/36 ratios and they have no other debt?
$2100
To calculate the maximum monthly payment they can qualify for, use the qualifying
formula: Part (Allowable payment amount) = Percent (Ratio) x Whole (Income). Insert
the known variables, Part = 0.28 x $7,500 and calculate. The maximum monthly
payment Bob and Janice can qualify for is $2,100.
A real estate agent forms an LLC. While previewing the new listings on the market the
agent sees a bank-owned listing priced to sell quickly. The agent writes an offer on the
property in the name of the LLC. The bank addendum prohibits agents from purchasing
bank-owned assets. The agent's LLC buys the property. The agent
is acting as an undisclosed principle
If the purchaser (the LLC) is owned by the agent, the agent must disclose themselves as
4|Page
