Colibri Chapter 1, 2, 3 Exam Questions and Answers Fully Solved Latest Version 2025-2026
The Knowledge of Property Transfer - - Answersby deed, will, inheritance or the use of contracts, or
trusts.
Knowledge of Market Conditions - - Answersthe level of listings on the market, how the property may be
financed, how quickly property sells and the value of a property
Knowledge of How to Market Real Estate - - Answerstechniques that include proper pricing, disclosure
to both the buyer and the seller, service to the buyers and sellers, and maintaining relationships with
other real estate professionals.
real estate brokerage business brings interested parties together to ... - Answerssell, lease, rent or
exchange real property.
Real estate professionals often specialize in one particular geographic area or property type. In real
estate world, this is known as . - AnswersFarming
Licensee may choose - AnswersSales
Leasing
Management
Counseling
There are Six Major Real Estate Property Types: - AnswersResidential property - a family home that is 4
units or less, or vacant land that has been zoned for 4 units or less.
Commercial property - income producing property - retail center or an apartment (4+ units)
Industrial property - usually manufactures or distributes products
Agricultural property - a farm or ranch land 10+ acres.
Business opportunity - an investor purchasing an income producing business.
Special Purpose property - schools, churches, nursing homes, post offices and hospitals.
, property manager is defined as - Answersthe professional who preserves the value of an investment (by
an owner) while generating income as an agent for the owner and acts as a fiduciary to the owner.
Fiduciary is a person ... - Answersthat has a duty to act primarily for another's benefit,
four types of maintenance a property manager may be tasked to perform: - AnswersPreventative
Maintenance,
Routine Maintenance,
Repair Maintenance, and Construction Maintenance.
3 Methods to determine value - AnswersAppraisal - conducted by appriasers
Broker Price Opinion - local expert opinion
Comparative Market Analysis -
3 Types of residential contruction - AnswersSpec homes - inventory
Tract homes - built to certain guidelines
custom homes - built for a specific buyer
There are a variety of professional organizations which also support and endorse the real estate
business. The largest is the - AnswersNational Association of REALTORS®, whose Code of Ethics and
certification/designations are influential in their goals to protect private property rights, promote home
ownership, and lobby to maintain reasonable credit and other standards at the federal level for shelter
for everyone.
Which is NOT commonly an area of federal government interference in real property? - Answerszoning
laws
Local communities regulate real estate by - Answerscreating zoning laws.
One example of a Loan Originator would be a(n) - Answersseller who finances more than two homes in a
two year period.
2 years (3 items) - Answers1. Time an application remains effective for state exam
2. Time pre-licensure course is effective for state exam
3. Minimum experience time for a sales associate to become a broker
4. months - AnswersMinimum time for establishing residency in Florida
5 days - AnswersMinimum timeframe between submitting fingerprints and applying for a license
5 years - AnswersTime for reapplication allowance after revocation of a license
The Knowledge of Property Transfer - - Answersby deed, will, inheritance or the use of contracts, or
trusts.
Knowledge of Market Conditions - - Answersthe level of listings on the market, how the property may be
financed, how quickly property sells and the value of a property
Knowledge of How to Market Real Estate - - Answerstechniques that include proper pricing, disclosure
to both the buyer and the seller, service to the buyers and sellers, and maintaining relationships with
other real estate professionals.
real estate brokerage business brings interested parties together to ... - Answerssell, lease, rent or
exchange real property.
Real estate professionals often specialize in one particular geographic area or property type. In real
estate world, this is known as . - AnswersFarming
Licensee may choose - AnswersSales
Leasing
Management
Counseling
There are Six Major Real Estate Property Types: - AnswersResidential property - a family home that is 4
units or less, or vacant land that has been zoned for 4 units or less.
Commercial property - income producing property - retail center or an apartment (4+ units)
Industrial property - usually manufactures or distributes products
Agricultural property - a farm or ranch land 10+ acres.
Business opportunity - an investor purchasing an income producing business.
Special Purpose property - schools, churches, nursing homes, post offices and hospitals.
, property manager is defined as - Answersthe professional who preserves the value of an investment (by
an owner) while generating income as an agent for the owner and acts as a fiduciary to the owner.
Fiduciary is a person ... - Answersthat has a duty to act primarily for another's benefit,
four types of maintenance a property manager may be tasked to perform: - AnswersPreventative
Maintenance,
Routine Maintenance,
Repair Maintenance, and Construction Maintenance.
3 Methods to determine value - AnswersAppraisal - conducted by appriasers
Broker Price Opinion - local expert opinion
Comparative Market Analysis -
3 Types of residential contruction - AnswersSpec homes - inventory
Tract homes - built to certain guidelines
custom homes - built for a specific buyer
There are a variety of professional organizations which also support and endorse the real estate
business. The largest is the - AnswersNational Association of REALTORS®, whose Code of Ethics and
certification/designations are influential in their goals to protect private property rights, promote home
ownership, and lobby to maintain reasonable credit and other standards at the federal level for shelter
for everyone.
Which is NOT commonly an area of federal government interference in real property? - Answerszoning
laws
Local communities regulate real estate by - Answerscreating zoning laws.
One example of a Loan Originator would be a(n) - Answersseller who finances more than two homes in a
two year period.
2 years (3 items) - Answers1. Time an application remains effective for state exam
2. Time pre-licensure course is effective for state exam
3. Minimum experience time for a sales associate to become a broker
4. months - AnswersMinimum time for establishing residency in Florida
5 days - AnswersMinimum timeframe between submitting fingerprints and applying for a license
5 years - AnswersTime for reapplication allowance after revocation of a license
