Colibri Real Estate Exam 2025 | 200+ Verified
Questions and Correct Answers with
Rationales
This comprehensive question bank reflects the current 2025 exam outline and contains 200+ exam
questions with detailed rationales. I used this exact material to prepare and aced the exam with an
A+! Covering everything from license law, contracts, and agency to fair housing, financing, and key
calculations (like intangible tax, LTV, and seller's net), this set targets the most testable topics.
Each question includes all multiple-choice options and a concise, one-sentence rationale for the
correct answer. Download now and study with the confidence of a proven A+ method
Kezia just bought and closed on a new home that cost $195,000. her mortgage amount is
$165,500. how much is the intangible recording tax on Kezia's property?
A) $585
B) $195
C) $165.50
D) $496.50
CORRECT ANSWER ✓ ✓ D) $496.50
Rationale: The tax is calculated on the loan amount: ($165,500 / $500) = 331 units; 331 *
$1.50 = $496.50.
A buyer offers a seller $189,500 for his house. The seller accepts. The appraisal comes in at
$188,000. If the buyer's lender requires a loan-to-value ratio of 80%, how much of a down
payment must she make?
A) $37,600
B) $37,900
C) $39,100
,D) $39,500
CORRECT ANSWER ✓ ✓ C) $39,100
Rationale: The lender bases the loan on the lower of the sales price or appraisal ($188,000).
80% LTV loan = $188,000 x 0.80 = $150,400. Down payment = $189,500 (sales price) -
$150,400 (loan) = $39,100.
A seller needs to pay an estimated $3,500 in closing costs, $96,000 on her current
mortgage, and wants $45,000 in cash for a down payment on another house. Her listing
agreement obligates her to pay 6.5% commission to the brokerage. What is the minimum
selling price she can accept? Round your answer up to the nearest dollar.
A. $148,835
B. $153,893
C. $154,546
D. $158,509
CORRECT ANSWER ✓ ✓ C. $154,546
Rationale: Total seller needs = $3,500 + $96,000 + $45,000 = $144,500. This amount
represents 93.5% of the sale price (100% - 6.5% commission). Minimum Sale Price =
$144,.935 = $154,545.45 (rounded up to $154,546).
How many hours of continuing education must a licensee complete for each year of
licensure?
A) 8 hours
B) 9 hours
C) 5 hours
D) 4 hours
CORRECT ANSWER ✓ ✓ B) 9 hours
Rationale: This is the standard annual requirement to maintain an active real estate license in
this jurisdiction.
Broker Jane has been accused of a law violation regarding commissions. Which of the
following might result in her being found guilty?
,A) Jane paid a commission to her licensed personal assistant.
B) Jane paid a commission to the wife of one of her licensees who was recently killed in an
auto accident. The deceased licensee had earned the commission prior to his death.
C) Jane paid a commission plus a bonus to one of her licensees.
D) Jane paid a commission to a Florida licensee who is not licensed in Georgia for licensing
activity in Georgia.
CORRECT ANSWER ✓ ✓ D) Jane paid a commission to a Florida licensee who is not licensed
in Georgia for licensing activity in Georgia.
Rationale: Commissions can only be paid to licensed individuals within the state where the
licensed activity occurred.
Glenda is the office manager for a local real estate firm. She is responsible for coordinating
the paperwork flow through the office, preparing ads and supervising the clerical staff.
Glenda is
A) required to have a salesperson's license.
B) violating license law.
C) required to have a broker license.
D) exempt from the license law.
CORRECT ANSWER ✓ ✓ D) exempt from the license law.
Rationale: Her duties are purely clerical and supervisory, not activities defined as acting as a
real estate agent for a fee.
Haru is working with his buyers to draw up a written offer on a property they want to
purchase. Which of the following items is not required in the offer?
A) The property description
B) The mortgage lender
C) The method of payment
D) Special stipulations the offer requires
CORRECT ANSWER ✓ ✓ B) The mortgage lender
Rationale: While financing terms are often included, specifying a particular lender is not a
mandatory element of a valid offer.
, Syed is an inactive licensee. He just moved to a new home across town. What must he do?
A) Call the Commission and give it his new address.
B) Report the address change when he's ready to reactivate his license.
C) Send a written notice to the Commission within 30 days.
D) Notify the post office to send a change of address notice to the Commission.
CORRECT ANSWER ✓ ✓ C) Send a written notice to the Commission within 30 days.
Rationale: Inactive licensees must still report address changes in writing within the mandated
timeframe to ensure the Commission can contact them.
Any salesperson can legally receive her share of the commission on a sale from
A) her employing broker only.
B) any cooperating broker with whom she completes a sale.
C) a builder she represents in a sale
D) the purchaser of the home in a successful sale.
CORRECT ANSWER ✓ ✓ A) her employing broker only.
Rationale: Salespersons must be paid through their employing broker, who is responsible for
all commission disbursements.
Which of the following is NOT a protected class under Georgia fair housing law?
A) Sexual preference
B) Familial status
C) Religion
D) Race
CORRECT ANSWER ✓ ✓ A) Sexual preference
Rationale: While sexual orientation is a protected class under federal law, this specific state
law does not include it.
Salesperson Gordon refuse to accept an offer to purchase his home from buyer Juan Valdez
of Columbia because Gordon feels the earnest money of $100 is not enough. Which of the
following statements about Gordon's refusal is correct?
A) Gordon is in violation of fair housing law because he discriminated on the basis of
Questions and Correct Answers with
Rationales
This comprehensive question bank reflects the current 2025 exam outline and contains 200+ exam
questions with detailed rationales. I used this exact material to prepare and aced the exam with an
A+! Covering everything from license law, contracts, and agency to fair housing, financing, and key
calculations (like intangible tax, LTV, and seller's net), this set targets the most testable topics.
Each question includes all multiple-choice options and a concise, one-sentence rationale for the
correct answer. Download now and study with the confidence of a proven A+ method
Kezia just bought and closed on a new home that cost $195,000. her mortgage amount is
$165,500. how much is the intangible recording tax on Kezia's property?
A) $585
B) $195
C) $165.50
D) $496.50
CORRECT ANSWER ✓ ✓ D) $496.50
Rationale: The tax is calculated on the loan amount: ($165,500 / $500) = 331 units; 331 *
$1.50 = $496.50.
A buyer offers a seller $189,500 for his house. The seller accepts. The appraisal comes in at
$188,000. If the buyer's lender requires a loan-to-value ratio of 80%, how much of a down
payment must she make?
A) $37,600
B) $37,900
C) $39,100
,D) $39,500
CORRECT ANSWER ✓ ✓ C) $39,100
Rationale: The lender bases the loan on the lower of the sales price or appraisal ($188,000).
80% LTV loan = $188,000 x 0.80 = $150,400. Down payment = $189,500 (sales price) -
$150,400 (loan) = $39,100.
A seller needs to pay an estimated $3,500 in closing costs, $96,000 on her current
mortgage, and wants $45,000 in cash for a down payment on another house. Her listing
agreement obligates her to pay 6.5% commission to the brokerage. What is the minimum
selling price she can accept? Round your answer up to the nearest dollar.
A. $148,835
B. $153,893
C. $154,546
D. $158,509
CORRECT ANSWER ✓ ✓ C. $154,546
Rationale: Total seller needs = $3,500 + $96,000 + $45,000 = $144,500. This amount
represents 93.5% of the sale price (100% - 6.5% commission). Minimum Sale Price =
$144,.935 = $154,545.45 (rounded up to $154,546).
How many hours of continuing education must a licensee complete for each year of
licensure?
A) 8 hours
B) 9 hours
C) 5 hours
D) 4 hours
CORRECT ANSWER ✓ ✓ B) 9 hours
Rationale: This is the standard annual requirement to maintain an active real estate license in
this jurisdiction.
Broker Jane has been accused of a law violation regarding commissions. Which of the
following might result in her being found guilty?
,A) Jane paid a commission to her licensed personal assistant.
B) Jane paid a commission to the wife of one of her licensees who was recently killed in an
auto accident. The deceased licensee had earned the commission prior to his death.
C) Jane paid a commission plus a bonus to one of her licensees.
D) Jane paid a commission to a Florida licensee who is not licensed in Georgia for licensing
activity in Georgia.
CORRECT ANSWER ✓ ✓ D) Jane paid a commission to a Florida licensee who is not licensed
in Georgia for licensing activity in Georgia.
Rationale: Commissions can only be paid to licensed individuals within the state where the
licensed activity occurred.
Glenda is the office manager for a local real estate firm. She is responsible for coordinating
the paperwork flow through the office, preparing ads and supervising the clerical staff.
Glenda is
A) required to have a salesperson's license.
B) violating license law.
C) required to have a broker license.
D) exempt from the license law.
CORRECT ANSWER ✓ ✓ D) exempt from the license law.
Rationale: Her duties are purely clerical and supervisory, not activities defined as acting as a
real estate agent for a fee.
Haru is working with his buyers to draw up a written offer on a property they want to
purchase. Which of the following items is not required in the offer?
A) The property description
B) The mortgage lender
C) The method of payment
D) Special stipulations the offer requires
CORRECT ANSWER ✓ ✓ B) The mortgage lender
Rationale: While financing terms are often included, specifying a particular lender is not a
mandatory element of a valid offer.
, Syed is an inactive licensee. He just moved to a new home across town. What must he do?
A) Call the Commission and give it his new address.
B) Report the address change when he's ready to reactivate his license.
C) Send a written notice to the Commission within 30 days.
D) Notify the post office to send a change of address notice to the Commission.
CORRECT ANSWER ✓ ✓ C) Send a written notice to the Commission within 30 days.
Rationale: Inactive licensees must still report address changes in writing within the mandated
timeframe to ensure the Commission can contact them.
Any salesperson can legally receive her share of the commission on a sale from
A) her employing broker only.
B) any cooperating broker with whom she completes a sale.
C) a builder she represents in a sale
D) the purchaser of the home in a successful sale.
CORRECT ANSWER ✓ ✓ A) her employing broker only.
Rationale: Salespersons must be paid through their employing broker, who is responsible for
all commission disbursements.
Which of the following is NOT a protected class under Georgia fair housing law?
A) Sexual preference
B) Familial status
C) Religion
D) Race
CORRECT ANSWER ✓ ✓ A) Sexual preference
Rationale: While sexual orientation is a protected class under federal law, this specific state
law does not include it.
Salesperson Gordon refuse to accept an offer to purchase his home from buyer Juan Valdez
of Columbia because Gordon feels the earnest money of $100 is not enough. Which of the
following statements about Gordon's refusal is correct?
A) Gordon is in violation of fair housing law because he discriminated on the basis of
