Colibri Exam 2025 With 100% Correct
Answers
A licensee who is interested in retail stores and shopping centers should look into entering:
residential real estate.
commercial real estate.
real estate counseling.
real estate appraisal. - correct answers ✔✔Commercial
Of the following, which would NOT likely be a prospect?
Blogs
FSBOs
People in your target audience
Sphere of influence - correct answers ✔✔Blogs
Which of the following is considered the most important factor in real estate value due to the
limited supply of land and immobility of real estate?
Location
Price
Appearance
Size - correct answers ✔✔Location
What do most new real estate licensees do after passing the state exam and receiving the state
license?
Begin investing in real estate
,Become a real estate attorney
Join a brokerage that has a training program
Open their own real estate firm - correct answers ✔✔Join a Brokerage that has a training
program.
Which of the following is not one of the six separate areas of a licensee's activities?
Prospecting for listings
Previewing properties and matching prospective buyers with properties
Representing clients in real estate law cases
Attending meetings - correct answers ✔✔Represent Clients in real estate law cases
What is the purpose of prospecting?
Creating a list of customers for the MLS
Defining the target market
Identifying potential customers
Determining market value - correct answers ✔✔Identifying potential customers
The majority of new licensees begin their careers with a:
mentor.
personal assistant.
attorney.
public relations specialist. - correct answers ✔✔A mentor
All of the following are characteristics of a real estate market, EXCEPT that it:
is a unique product.
has a limited number of buyers and sellers.
, has a high mobility of product.
has a local and segmented market. - correct answers ✔✔Has a high mobility of product
The real estate markets are driven by the business climate and activity in the economy, which
are continuously changing. The changes occur as trends and cycles. Trends are:
changes in the market in a consistent direction that occur over a long-term period.
geographic, economic, or specialized subdivision of a market.
fundamental principles in determining the price of a commodity.
periodic, irregular up-and-down movements in economic activity that take place over a period
of 2 to 6 years. - correct answers ✔✔Changes in the market in a consistent direction that occur
over a long-term period.
When dealing with FSBOs, it is best to:
call them at least once a week until they give up and see you.
send your broker to make the first contact.
make a personal visit to the owners.
point out the owners' inept marketing skills. - correct answers ✔✔Make a personal visit to the
owners
What occurs during the activity of pre-qualifying?
The licensee closes escrow.
The licensee holds an open house.
The licensee works with a lender to determine what a buyer can afford.
The licensee works with a seller to determine a listing price. - correct answers ✔✔The licensee
works with a lender to determine what a buyer can afford.
Of the following, which would NOT be considered permanently attached and therefore is
personal property?
Answers
A licensee who is interested in retail stores and shopping centers should look into entering:
residential real estate.
commercial real estate.
real estate counseling.
real estate appraisal. - correct answers ✔✔Commercial
Of the following, which would NOT likely be a prospect?
Blogs
FSBOs
People in your target audience
Sphere of influence - correct answers ✔✔Blogs
Which of the following is considered the most important factor in real estate value due to the
limited supply of land and immobility of real estate?
Location
Price
Appearance
Size - correct answers ✔✔Location
What do most new real estate licensees do after passing the state exam and receiving the state
license?
Begin investing in real estate
,Become a real estate attorney
Join a brokerage that has a training program
Open their own real estate firm - correct answers ✔✔Join a Brokerage that has a training
program.
Which of the following is not one of the six separate areas of a licensee's activities?
Prospecting for listings
Previewing properties and matching prospective buyers with properties
Representing clients in real estate law cases
Attending meetings - correct answers ✔✔Represent Clients in real estate law cases
What is the purpose of prospecting?
Creating a list of customers for the MLS
Defining the target market
Identifying potential customers
Determining market value - correct answers ✔✔Identifying potential customers
The majority of new licensees begin their careers with a:
mentor.
personal assistant.
attorney.
public relations specialist. - correct answers ✔✔A mentor
All of the following are characteristics of a real estate market, EXCEPT that it:
is a unique product.
has a limited number of buyers and sellers.
, has a high mobility of product.
has a local and segmented market. - correct answers ✔✔Has a high mobility of product
The real estate markets are driven by the business climate and activity in the economy, which
are continuously changing. The changes occur as trends and cycles. Trends are:
changes in the market in a consistent direction that occur over a long-term period.
geographic, economic, or specialized subdivision of a market.
fundamental principles in determining the price of a commodity.
periodic, irregular up-and-down movements in economic activity that take place over a period
of 2 to 6 years. - correct answers ✔✔Changes in the market in a consistent direction that occur
over a long-term period.
When dealing with FSBOs, it is best to:
call them at least once a week until they give up and see you.
send your broker to make the first contact.
make a personal visit to the owners.
point out the owners' inept marketing skills. - correct answers ✔✔Make a personal visit to the
owners
What occurs during the activity of pre-qualifying?
The licensee closes escrow.
The licensee holds an open house.
The licensee works with a lender to determine what a buyer can afford.
The licensee works with a seller to determine a listing price. - correct answers ✔✔The licensee
works with a lender to determine what a buyer can afford.
Of the following, which would NOT be considered permanently attached and therefore is
personal property?
