COLIBRI REAL ESTATE 2025
PRACTICE FINAL EXAM
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
Alex'x home has been on the market for eight months. What is the most likely
reason Alex's home has not been sold yet? - ANSWERS-The property is
overpriced.
QUESTION 2
Broker Austin represents a party in a transaction where there is a dispute regarding
the deposited escrow money. What should Austin do? - ANSWERS-Hold the
money until both parties (or their lawyers) provide a written release.
QUESTION 3
Unlike buyer/seller agency agreements that create _________, the management
agreement creates ________. - ANSWERS-Special agency, General agency
QUESTION 4
A cooperative is - ANSWERS-a type of residential property.
END OF
PAGE 1
, COLIBRI REAL ESTATE 2025
PRACTICE FINAL EXAM
QUESTION 5
Licensee Alex only represents the buyer in a transaction. What is Alex called in
this situation? - ANSWERS-A single Agent
QUESTION 6
Which of these activities is appropriate to do within the first few days of obtaining
a listing? - ANSWERS-Have the managing broker send a "Thank you for listing"
letter to the sellers
QUESTION 7
"This property has the best view in the entire county." This statement is an
example of - ANSWERS-Puffing
QUESTION 8
The cost to replace an improvement with original materials is known as -
ANSWERS-Reproduction cost
END OF
PAGE 2
, COLIBRI REAL ESTATE 2025
PRACTICE FINAL EXAM
QUESTION 9
One of the major considerations in a master plan is - ANSWERS-The effect of
development on traffic patterns and the environment.
QUESTION 19
Under the _______ of recording, title passes when the conveyance is registered on
the title certificate. - ANSWERS-Torrens System
QUESTION 11
If a cooperative corporation cannot pay its bills, what would happen? -
ANSWERS-The corporation owning the property would be dissolved, and all of
the residents could lose their interest in the cooperative.
QUESTION 12
END OF
PAGE 3
PRACTICE FINAL EXAM
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
Alex'x home has been on the market for eight months. What is the most likely
reason Alex's home has not been sold yet? - ANSWERS-The property is
overpriced.
QUESTION 2
Broker Austin represents a party in a transaction where there is a dispute regarding
the deposited escrow money. What should Austin do? - ANSWERS-Hold the
money until both parties (or their lawyers) provide a written release.
QUESTION 3
Unlike buyer/seller agency agreements that create _________, the management
agreement creates ________. - ANSWERS-Special agency, General agency
QUESTION 4
A cooperative is - ANSWERS-a type of residential property.
END OF
PAGE 1
, COLIBRI REAL ESTATE 2025
PRACTICE FINAL EXAM
QUESTION 5
Licensee Alex only represents the buyer in a transaction. What is Alex called in
this situation? - ANSWERS-A single Agent
QUESTION 6
Which of these activities is appropriate to do within the first few days of obtaining
a listing? - ANSWERS-Have the managing broker send a "Thank you for listing"
letter to the sellers
QUESTION 7
"This property has the best view in the entire county." This statement is an
example of - ANSWERS-Puffing
QUESTION 8
The cost to replace an improvement with original materials is known as -
ANSWERS-Reproduction cost
END OF
PAGE 2
, COLIBRI REAL ESTATE 2025
PRACTICE FINAL EXAM
QUESTION 9
One of the major considerations in a master plan is - ANSWERS-The effect of
development on traffic patterns and the environment.
QUESTION 19
Under the _______ of recording, title passes when the conveyance is registered on
the title certificate. - ANSWERS-Torrens System
QUESTION 11
If a cooperative corporation cannot pay its bills, what would happen? -
ANSWERS-The corporation owning the property would be dissolved, and all of
the residents could lose their interest in the cooperative.
QUESTION 12
END OF
PAGE 3
