COLIBRI REAL ESTATE EXAM ULTIMATE STUDY COMPENDIUM WITH FULLY ACTUAL
TEST PAPER QUESTIONS CORRECT ANSWERS GRADED A PLUS
Colibri REAL Estate EXAM 2026/2027 Ultimate
Study Compendium WITH Fully Questions and
Answers Verified Solutions Latest Update
Question:
Which step in the construction building process is likeliest to be first?
Answer:
Grading
Question:
Without legal capacity and mutual consent in place, courts may likely do what to the existing
contracts or agency relationships?
Answer:
All of the above
Question:
The term "business ethics" applies to which of the following statements?
Answer:
A form of applied ethics that examines ethical principles that arise in a business environment.
Question:
What must a licensee first do before advertising listed property?
Answer:
Obtain the owner's consent.
Question:
,A 90-day listing agreement is a type of _____.
Answer:
Special Agency
Question:
Which of the following would be an example of personal ethics?
Answer:
All of the above
Question:
Buyer Immanuel's broker finds out information about the seller which will help Immanuel in the
transaction. Loyalty is one of the duties of _____.
Answer:
protection.
Question:
A property has sold for $185,000. The listing agreement calls for a commission of 6.5%. The listing
broker and selling broker agree to share the commission equally. What will the listing agent receive
if the agent is scheduled to get a 65% share from his broker?
Answer:
$3,908
Question:
Who is required to be the trustee for a brokerage trust account fund?
Answer:
Principal Broker
, Question:
Under what type of contract is a seller obligated to sell, but the buyer is not obligated to buy?
Answer:
Option
Question:
What is the name for the act of spending client funds without permission from a trust fund account?
Answer:
Conversion
Question:
What must a licensee first obtain before engaging in property management?
Answer:
A current written property management agreement.
Question:
When may a REALTOR® accept a rebate for services or suggest the use of services of a business
entity in which they have direct interest in?
Answer:
Only with their client's knowledge and consent.
Question:
What type of bank accounts are trust funds placed into once received from clients?
Answer:
Non-interest bearing accounts
Question:
TEST PAPER QUESTIONS CORRECT ANSWERS GRADED A PLUS
Colibri REAL Estate EXAM 2026/2027 Ultimate
Study Compendium WITH Fully Questions and
Answers Verified Solutions Latest Update
Question:
Which step in the construction building process is likeliest to be first?
Answer:
Grading
Question:
Without legal capacity and mutual consent in place, courts may likely do what to the existing
contracts or agency relationships?
Answer:
All of the above
Question:
The term "business ethics" applies to which of the following statements?
Answer:
A form of applied ethics that examines ethical principles that arise in a business environment.
Question:
What must a licensee first do before advertising listed property?
Answer:
Obtain the owner's consent.
Question:
,A 90-day listing agreement is a type of _____.
Answer:
Special Agency
Question:
Which of the following would be an example of personal ethics?
Answer:
All of the above
Question:
Buyer Immanuel's broker finds out information about the seller which will help Immanuel in the
transaction. Loyalty is one of the duties of _____.
Answer:
protection.
Question:
A property has sold for $185,000. The listing agreement calls for a commission of 6.5%. The listing
broker and selling broker agree to share the commission equally. What will the listing agent receive
if the agent is scheduled to get a 65% share from his broker?
Answer:
$3,908
Question:
Who is required to be the trustee for a brokerage trust account fund?
Answer:
Principal Broker
, Question:
Under what type of contract is a seller obligated to sell, but the buyer is not obligated to buy?
Answer:
Option
Question:
What is the name for the act of spending client funds without permission from a trust fund account?
Answer:
Conversion
Question:
What must a licensee first obtain before engaging in property management?
Answer:
A current written property management agreement.
Question:
When may a REALTOR® accept a rebate for services or suggest the use of services of a business
entity in which they have direct interest in?
Answer:
Only with their client's knowledge and consent.
Question:
What type of bank accounts are trust funds placed into once received from clients?
Answer:
Non-interest bearing accounts
Question:
