Ch. 1 GA Colibri Real Estate Course
(Vocabulary) Exam 2025 With 100%
Correct Answers
Agent - correct answers ✔✔Someone who acts on behalf on another, such as a real estate
licensee when representing a client
Brokerage - correct answers ✔✔A company where people go to buy and sell real estate through
certified professionals.
Broker - correct answers ✔✔A real estate licensee with several years of experience who has
received advanced training and passed a broker exam.
Corporation - correct answers ✔✔A legal entity with rights like a person. It has a centralized
management and board of directors.
Desk Fee - correct answers ✔✔A payment plan where a real estate worker pays their employer.
It's an alternative to splitting commissions.
Employing Broker - correct answers ✔✔The broker who hires other real estate workers.
Employment Agreement (Independent Contractors Agreement) - correct answers ✔✔A contract
between a self-employed real estate worker and the broker they work under.
Independent Contractor - correct answers ✔✔A term often used for self-employed real estate
workers who work under a broker.
(Vocabulary) Exam 2025 With 100%
Correct Answers
Agent - correct answers ✔✔Someone who acts on behalf on another, such as a real estate
licensee when representing a client
Brokerage - correct answers ✔✔A company where people go to buy and sell real estate through
certified professionals.
Broker - correct answers ✔✔A real estate licensee with several years of experience who has
received advanced training and passed a broker exam.
Corporation - correct answers ✔✔A legal entity with rights like a person. It has a centralized
management and board of directors.
Desk Fee - correct answers ✔✔A payment plan where a real estate worker pays their employer.
It's an alternative to splitting commissions.
Employing Broker - correct answers ✔✔The broker who hires other real estate workers.
Employment Agreement (Independent Contractors Agreement) - correct answers ✔✔A contract
between a self-employed real estate worker and the broker they work under.
Independent Contractor - correct answers ✔✔A term often used for self-employed real estate
workers who work under a broker.
