3/27/25, 11:08 PM ILLINOIS COLIBRI TEST FINAL EXAM CURRENTLY TESTING COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED …
ILLINOIS COLIBRI TEST FINAL EXAM CURRENTLY
TESTING COMPLETE ACCURATE EXAM
QUESTIONS WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) /ALREADY GRADED
A+
the type of improvements best suited for the land
All of the following is
included as part of a
survey, EXCEPT:
How do you stay in Asking questions
control of a call from a
prospect?
On the day prior to Advise the buyer to speak with his/her attorney about
closing, the buyer does a a financial adjustment, at the closing, for the cost of
walk-through and sees the chandelier.
that the seller took a
chandelier that was
supposed to remain. What
should the buyer's broker
do?
A loan applicant has an $840
annual gross income of
$36,000. How much will a
lender allow the applicant
to pay for monthly
housing expense to
qualify for a loan if the
lender uses an income
ratio of 28%?
1/26
,3/27/25, 11:08 PM ILLINOIS COLIBRI TEST FINAL EXAM CURRENTLY TESTING COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED …
Beginning after the 2013 12 credit hours
renewal, individuals
renewing or obtaining a
managing broker's license
must complete how many
CE credit hours, in
addition to the Broker
Management Course?
An interest in real estate An estate in land
that includes the right to
possess is known as:
Under Title III of this Act, American With Disabilities Act
discrimination in
commercial properties is
prohibited. To which Act
does this apply?
When two adjacent pieces Assemblage.
of property are joined
together, the value of the
one larger parcel may be
greater than the value of
the two separately. Which
principle of value is this?
"Realestate" includes such fences, sidewalks, and piers on a parcel of land.
things as:
If an owner of real It will revert to the state or county by escheat.
property dies without
leaving a will and with no
legal heirs, what will
generally happen to the
property?
2/26
, 3/27/25, 11:08 PM ILLINOIS COLIBRI TEST FINAL EXAM CURRENTLY TESTING COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED …
Radon gas can be traced groundwater pollutants
back to:
RESPA applies to all of the Seller-financed loan or a Loan involving a first
following EXCEPT which? mortgage
Which duty an agent has confidentiality
to his/her client never
stops?
When does the seller At the time of signing.
receive a copy of the
listing agreement?
A Recorded Plat System a contiguous group of lots, which is called a block.
contains all of the
following, EXCEPT:
Which tax is imposed on Real estate transfer tax
any deed or instrument
which conveys interest in
property?
Under the Equal Credit ask the buyer/borrower about his religion or national
Opportunity Act, a lender, origin
or a real estate agent who
assists a seller in qualifying
a potential buyer, may not
Regulation Z applies to $75,000 condominium loan
which of these situations?
Which statement is true Licensees must stop faxes upon request.
about the Junk Fax
Prevention Act is False?
What accounting tools are Income Ratio and Debt Ratio
used to determine a
buyer's ability to pay off a
loan?
3/26
ILLINOIS COLIBRI TEST FINAL EXAM CURRENTLY
TESTING COMPLETE ACCURATE EXAM
QUESTIONS WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) /ALREADY GRADED
A+
the type of improvements best suited for the land
All of the following is
included as part of a
survey, EXCEPT:
How do you stay in Asking questions
control of a call from a
prospect?
On the day prior to Advise the buyer to speak with his/her attorney about
closing, the buyer does a a financial adjustment, at the closing, for the cost of
walk-through and sees the chandelier.
that the seller took a
chandelier that was
supposed to remain. What
should the buyer's broker
do?
A loan applicant has an $840
annual gross income of
$36,000. How much will a
lender allow the applicant
to pay for monthly
housing expense to
qualify for a loan if the
lender uses an income
ratio of 28%?
1/26
,3/27/25, 11:08 PM ILLINOIS COLIBRI TEST FINAL EXAM CURRENTLY TESTING COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED …
Beginning after the 2013 12 credit hours
renewal, individuals
renewing or obtaining a
managing broker's license
must complete how many
CE credit hours, in
addition to the Broker
Management Course?
An interest in real estate An estate in land
that includes the right to
possess is known as:
Under Title III of this Act, American With Disabilities Act
discrimination in
commercial properties is
prohibited. To which Act
does this apply?
When two adjacent pieces Assemblage.
of property are joined
together, the value of the
one larger parcel may be
greater than the value of
the two separately. Which
principle of value is this?
"Realestate" includes such fences, sidewalks, and piers on a parcel of land.
things as:
If an owner of real It will revert to the state or county by escheat.
property dies without
leaving a will and with no
legal heirs, what will
generally happen to the
property?
2/26
, 3/27/25, 11:08 PM ILLINOIS COLIBRI TEST FINAL EXAM CURRENTLY TESTING COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED …
Radon gas can be traced groundwater pollutants
back to:
RESPA applies to all of the Seller-financed loan or a Loan involving a first
following EXCEPT which? mortgage
Which duty an agent has confidentiality
to his/her client never
stops?
When does the seller At the time of signing.
receive a copy of the
listing agreement?
A Recorded Plat System a contiguous group of lots, which is called a block.
contains all of the
following, EXCEPT:
Which tax is imposed on Real estate transfer tax
any deed or instrument
which conveys interest in
property?
Under the Equal Credit ask the buyer/borrower about his religion or national
Opportunity Act, a lender, origin
or a real estate agent who
assists a seller in qualifying
a potential buyer, may not
Regulation Z applies to $75,000 condominium loan
which of these situations?
Which statement is true Licensees must stop faxes upon request.
about the Junk Fax
Prevention Act is False?
What accounting tools are Income Ratio and Debt Ratio
used to determine a
buyer's ability to pay off a
loan?
3/26
