COLIBRI EXAMS BUNDLE STUDY UPDATED ACTUAL EXAM QUESTIONS CORRECT
ANSWERS GRADED A PLUS
Colibri Exams Bundle Study Sheet 2026/2027
Questions and Answers Verified Solutions Latest
Update
Question:
>> What is the mill rate of.017
Answer:
A mill is 1/1000th of a dollar, so the mill rate of 0.017 is calculated by multiplying 0.017 times
1000, which equals 17. >> Mobile homes manufactured ___________ are required to have tags
guaranteeing proper construction. Who issues this tag? Answer: After June 15, 1976; Housing and
Urban Development (HUD) >> A point of beginning refers to: Answer: A description starting at a
designated place on a parcel using the metes and bounds system >> Janet is a broker who negotiates
a number of loans to specific subdivisions. Last year, she took part in 27 loans to homeowners in
one subdivision. Due to this large number of loans to a subdivision, Janet has to report loan
activities to the California BRE. What is the name of this reporting process, how often must the
reports be made, and what is an additional requirement for making these reports? Answer:
Annual/quarterly Threshold Reporting. >> Parties that are exempt (free) from obtaining real estate
licensing requirements in CA? Answer: Cemetery Authorities >> John and Thom are purchasing
their dream home. Due to the expiration of escrow instructions, the escrow has been terminated.
Have they lost the contract on the house of their dreams? Answer: No, the termination of an escrow
does not terminate the associated contract. >> Which act is known as the original fair housing
statute? Answer: Civil Rights Act of 1866 >> Georgina sat for the exam about 2 weeks ago. She
believe she passed with flying colors and checks her mail immediately upon arrival home for her
results. Today, they arrived and, as she opened the envelope, she saw her test score. Did Georgina
pass or fail? Answer: Georgina failed the exam. >> Appraiser Jones appraises one-to-four unit
residential properties, and non-residential properties with a transaction value up to $250k. What is
this appraiser's level? How many hours of appraiser education were completed? Answer: Certified
Residential Real Estate Appraiser >> Dan has recently been transferred to SD, and only has a month
to find a home, sell his condo, pack, move, close, and get to work. His agent shows him the Walsh
home and it's perfect. He offers the asking price, along with all the kitchen appliances and window
treatments to remain with the property. The Walsh's accept his offer exactly as it is written. Which
contract term applies to this situation? Answer: Mirror Image >> Due to the subdividing of lots on
the lake, Jim's property is surrounded on three sides by Louise's property. The only other boundary
is the lake. Jim can only get to his home by driving up Andrea's driveway and behind her lake home
to get to his own. How was the easement in this situation created? Answer: Necessity >> Agent
Peters has qualified buyers to purchase a new home. Now he needs to qualify the property they wish
to buy. He understands the human qualification process. Can you help Agent Peters with steps to
ANSWERS GRADED A PLUS
Colibri Exams Bundle Study Sheet 2026/2027
Questions and Answers Verified Solutions Latest
Update
Question:
>> What is the mill rate of.017
Answer:
A mill is 1/1000th of a dollar, so the mill rate of 0.017 is calculated by multiplying 0.017 times
1000, which equals 17. >> Mobile homes manufactured ___________ are required to have tags
guaranteeing proper construction. Who issues this tag? Answer: After June 15, 1976; Housing and
Urban Development (HUD) >> A point of beginning refers to: Answer: A description starting at a
designated place on a parcel using the metes and bounds system >> Janet is a broker who negotiates
a number of loans to specific subdivisions. Last year, she took part in 27 loans to homeowners in
one subdivision. Due to this large number of loans to a subdivision, Janet has to report loan
activities to the California BRE. What is the name of this reporting process, how often must the
reports be made, and what is an additional requirement for making these reports? Answer:
Annual/quarterly Threshold Reporting. >> Parties that are exempt (free) from obtaining real estate
licensing requirements in CA? Answer: Cemetery Authorities >> John and Thom are purchasing
their dream home. Due to the expiration of escrow instructions, the escrow has been terminated.
Have they lost the contract on the house of their dreams? Answer: No, the termination of an escrow
does not terminate the associated contract. >> Which act is known as the original fair housing
statute? Answer: Civil Rights Act of 1866 >> Georgina sat for the exam about 2 weeks ago. She
believe she passed with flying colors and checks her mail immediately upon arrival home for her
results. Today, they arrived and, as she opened the envelope, she saw her test score. Did Georgina
pass or fail? Answer: Georgina failed the exam. >> Appraiser Jones appraises one-to-four unit
residential properties, and non-residential properties with a transaction value up to $250k. What is
this appraiser's level? How many hours of appraiser education were completed? Answer: Certified
Residential Real Estate Appraiser >> Dan has recently been transferred to SD, and only has a month
to find a home, sell his condo, pack, move, close, and get to work. His agent shows him the Walsh
home and it's perfect. He offers the asking price, along with all the kitchen appliances and window
treatments to remain with the property. The Walsh's accept his offer exactly as it is written. Which
contract term applies to this situation? Answer: Mirror Image >> Due to the subdividing of lots on
the lake, Jim's property is surrounded on three sides by Louise's property. The only other boundary
is the lake. Jim can only get to his home by driving up Andrea's driveway and behind her lake home
to get to his own. How was the easement in this situation created? Answer: Necessity >> Agent
Peters has qualified buyers to purchase a new home. Now he needs to qualify the property they wish
to buy. He understands the human qualification process. Can you help Agent Peters with steps to
