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COLIBRI REAL ESTATE PREMIUM EXAM PAPER TESTED QUESTIONS CORRECT ANSWERS.pdf

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COLIBRI REAL ESTATE PREMIUM EXAM PAPER TESTED QUESTIONS CORRECT ANSWERS.pdf

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COLIBRI REAL ESTATE PREMIUM EXAM PAPER TESTED QUESTIONS CORRECT
ANSWERS
Colibri REAL Estate TEST Paper 2026/2027
Questions and Answers Verified Solutions Latest
Update

Question:
Marta and Sean had an unfair advantage over the other applicants taking the examination. It was
basically old fashioned cheating, and was not tolerated.

Answer:
Marta and Sean were denied licenses due to their inability to completely and correctly fill out their
examination applications.



Question:
Both A and B Final

Answer:
Both A and B ✔✔John is trying to keep things straight while he studies. He's having a rough time
distinguishing federal and state legislation. Help John with the primary focus of federal legislation. -
✔✔Anti-discrimination laws and fair trade practices ✔✔The Ritchie family has put their home on
the market. The Sampsons make an offer on the Ritchies' home. Suddenly, the Ritchies decide not to
sell their home. They explain to Sara, their agent, that the Sampsons "aren't quite right" for the
neighborhood. What should Sara do? - ✔✔- The Ritchies are her clients. Sara must honor their
wishes and remove the home from the market. Sara must explain to the Richies that she cannot
ethically remove a property from the market, after an offer has been made, to sidestep a purchase by
a party.



Question:
Sara must withdraw herself from the relationship with the Ritchies or from any situation where
client discrimination occurs. Final

Answer:
Both B and C ✔✔Jane has filed her complaint of discrimination. She also wants to seek some sort
of punitive damages. What are her options, if any? - ✔✔Jane may file suit within two years of the
violation. She may seek a restraining order, actual damages, and punitive damages of up to $1,000.

, ✔✔Jennifer is a single mother looking for a place to live. She sees an ad on Facebook by a private
owner which states "No young children because of pool". Would this be a Fair Housing Violation? -
✔✔Yes. Private owners cannot advertise against a protected class. ✔✔Agent Smith tells the Jacob
family the Fernwood neighborhood is beautiful, attractive, and highly desirable. The next day,
Agent Smith tells the Miller family that Fernwood is deteriorating, values are falling, and the school
district is less than stellar. Name the form of illegal discrimination. - ✔✔Steering ✔✔John is still
studying for his California real estate license. Once again, he is having a difficult time keeping areas
straight. Help John with the largest area of the NAR Code of Ethics Standards and Practices. -
✔✔Article 16 - Ethics and Agency Relationships ✔✔Martha and Liz have applied for a mortgage.
They both have excellent credit and very successful careers and they are perfect on paper. Martha
and Liz are partners and are expecting the birth of their first child together. They are denied a loan.
What's the violation here? - ✔✔Martha and Liz have been denied the full protection of the Equal
Credit Opportunity Act (ECOA). The ECOA is a part of the Fair Financing Laws. ✔✔While
waiting in the lobby of the Fair Real Estate Company's office, Samir and Rhadika overhear an agent
tell clients, "You wouldn't be happy in THAT neighborhood. It's very "colorful," if you know what I
mean." Which ruling by the Supreme Court dealt with this issue? - ✔✔All discrimination and
appearances of discrimination in selling or renting residential property based on race and color is
prohibited under the provisions of the Civil Rights Act of 1866, Jones v. Mayer. ✔✔Jane feels she
has been discriminated against in her search for a new home. She's a single mother of two who
works full time. Where does she go with a complaint? - ✔✔The Office of Fair Housing and Equal
Opportunity (OFHEO) ✔✔John is studying for his California real estate license. He is studying
federal law, state law, and local law. Now, he is trying to get a handle on something called
"Professional Code." What source has no input on the topic John is currently studying? - ✔✔The
Better Business Bureau® ✔✔Which of the following is not a water right? - ✔✔Alluvial Right
✔✔Jonathan decides to sell his home and transfer all of his property ownership rights to the new
buyer. This bundling and selling of rights is known as: - ✔✔Livery of Seisin ✔✔The Percy family
have purchased a heavily wooded property in Northern California. They are planning to build a
guest house off the main house for entertaining. In the process, many trees will need to be cleared.
The family is planning to sell the wood to the neighbors as firewood. Which process applies? -
✔✔Severance ✔✔Melinda's mother recently passed away. She is thinking of selling her belongings
in an estate sale. During her research, she came across real and personal property regulations and
laws. Please help Melinda understand the legal difference(s) between real and personal property. -
✔✔For the most part, the rules of the situs state govern the transfer of personal property from seller
to buyer. Tax laws often distinguish between real and personal property. An agreement for a sale of
real property must be in writing and signed by the party to be charged. If the amount or value is
$500 or more, an agreement for the sale of personal property must be in writing. Final Answer: Both
B and C ✔✔Gary and Paul have wooden shutters installed throughout their home. A few years later,
Paul is promoted by his employer and transferred to another city. Gary wants to take the wooden
shutters to their new home. Paul insists they must remain with the home. Which of the five tests for
real and personal property applies? - ✔✔Method of Attachment Adaptability Intent Final Answer:
All of the above. ✔✔Which of the following is not considered one of the five economic
characteristics of land? - ✔✔Each parcel of land has its own nonhomogeneous characteristics. No

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