COLIBRI REAL ESTATE COMPLETE EXAM QUESTIONS ANSWERS GUARANTEED PASS
FORM TWO
Colibri Real Estate Final Exam Questions and
Answers Verified Solutions Latest Update 2026/2027
Question:
What phrase could a licensee use in advertising that would not discriminate on the basis of familial
status? Couples only Empty nesters No bicycles allowed Senior discount
Answer:
Senior discount
Question:
Who is charged with the responsibility of making sure that owners do not use their property in a way
that will harm the public? The Real Estate Commission The HOA The government The zoning
committee
Answer:
The HOA
Question:
What type of residential survey, also called a drive-by survey, is designed to show the location of
the house and other large structures on the property? A house location survey A cadastral land
survey A site survey A boundary survey
Answer:
A house location survey
Question:
What type of lien is one placed against any and all real and personal property owned by a particular
debtor? A specific lien A general lien A senior lien A junior lien
Answer:
A general lien
,Question:
What describes when a borrower requests that the lender replace him or her on the loan instrument
with a new buyer who must go through a process of full substitution? Restoration Novation
Successor Renewal
Answer:
Novation
Question:
When working with any client, the broker's job is to protect the broker's interest. protect the client's
interest. get the best price. establish a good rapport.
Answer:
protect the client's interest.
Question:
In creating a joint tenancy, there are four unities. Which of the following is NOT one of the four?
Unity of Time Unity of Possession Unity of Interest Unity of Origination
Answer:
Unity of Origination
Question:
The collection of Roman law contributed the model for which type of law? Civil law Criminal law
Case law Common law
Answer:
Civil law
Question:
What term, in the California Civil Code addressing mobile home residency, describes the right of a
homeowner to use the site within a mobile home park? Leasehold Specific use Tenancy Propriety
, Answer:
Tenancy
Question:
Who serves as the chief executive of the Department of Real Estate in California? The CEO of
CalDRE The California Real Estate Commissioner The California Executive Branch The Chief
Executive Officer of California
Answer:
The California Real Estate Commissioner
Question:
What have lenders established to protect borrowers from unlimited increases in the interest rate?
Mortgage caps Rate caps Payment caps Amortization caps
Answer:
Rate caps
Question:
What type of contract consists of obligations arising from a mutual agreement and intent to promise
where the agreement and promise have not been expressed in words? An unconscionable contract
An aleatory contract An implied contract A unilateral contract
Answer:
An implied contract
Question:
Who are the primary regulatory entities of the real estate business? The real estate commission
Local governments State governments City governments
Answer:
State governments
FORM TWO
Colibri Real Estate Final Exam Questions and
Answers Verified Solutions Latest Update 2026/2027
Question:
What phrase could a licensee use in advertising that would not discriminate on the basis of familial
status? Couples only Empty nesters No bicycles allowed Senior discount
Answer:
Senior discount
Question:
Who is charged with the responsibility of making sure that owners do not use their property in a way
that will harm the public? The Real Estate Commission The HOA The government The zoning
committee
Answer:
The HOA
Question:
What type of residential survey, also called a drive-by survey, is designed to show the location of
the house and other large structures on the property? A house location survey A cadastral land
survey A site survey A boundary survey
Answer:
A house location survey
Question:
What type of lien is one placed against any and all real and personal property owned by a particular
debtor? A specific lien A general lien A senior lien A junior lien
Answer:
A general lien
,Question:
What describes when a borrower requests that the lender replace him or her on the loan instrument
with a new buyer who must go through a process of full substitution? Restoration Novation
Successor Renewal
Answer:
Novation
Question:
When working with any client, the broker's job is to protect the broker's interest. protect the client's
interest. get the best price. establish a good rapport.
Answer:
protect the client's interest.
Question:
In creating a joint tenancy, there are four unities. Which of the following is NOT one of the four?
Unity of Time Unity of Possession Unity of Interest Unity of Origination
Answer:
Unity of Origination
Question:
The collection of Roman law contributed the model for which type of law? Civil law Criminal law
Case law Common law
Answer:
Civil law
Question:
What term, in the California Civil Code addressing mobile home residency, describes the right of a
homeowner to use the site within a mobile home park? Leasehold Specific use Tenancy Propriety
, Answer:
Tenancy
Question:
Who serves as the chief executive of the Department of Real Estate in California? The CEO of
CalDRE The California Real Estate Commissioner The California Executive Branch The Chief
Executive Officer of California
Answer:
The California Real Estate Commissioner
Question:
What have lenders established to protect borrowers from unlimited increases in the interest rate?
Mortgage caps Rate caps Payment caps Amortization caps
Answer:
Rate caps
Question:
What type of contract consists of obligations arising from a mutual agreement and intent to promise
where the agreement and promise have not been expressed in words? An unconscionable contract
An aleatory contract An implied contract A unilateral contract
Answer:
An implied contract
Question:
Who are the primary regulatory entities of the real estate business? The real estate commission
Local governments State governments City governments
Answer:
State governments
