COLIBRI REAL ESTATE TEST QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GRADED A+|VERIFIED

COLIBRI REAL ESTATE TEST QUESTIONS
AND 100% CORRECT ANSWERS|LATEST
2025/2026|GRADED A+|VERIFIED

What is the primary purpose of instituting FACTA? - ANSWER-
B B B B B B B B B



To combat identity theft, and enhance the accuracy and privacy of information held by
B B B B B B B B B B B B B B



credit reporting agencies.
B B




In the case of multiple offers who should review counteroffer terms that deviate from the stan
B B B B B B B B B B B B B B B



dard fill-in-the-blank forms? - ANSWER-
B B B B An attorney B




Conventional loans usually require the debt ratio be? - ANSWER-
B B B B B B B B B Less than 36% B B




What is formed when people join together and own or control housing or related facilities? -
B B B B B B B B B B B B B B B



B ANSWER- Co-op Ownership B




Commercial property is used specifically for? - ANSWER-
B B B B B B B Business Properties
B




Price is the number that quantifies? - ANSWER-
B B B B B B B Cost



The services a licensees owes ONLY to a client? - ANSWER-
B B B B B B B B B B Agency Disclosure B




How long does an individual have to file a complaint with the Housing and Urban Developmen
B B B B B B B B B B B B B B B



t Agency(HUD)? - ANSWER-
B B B 1 Year B




What actions make up the majority of exclusionary discrimination cases against landlords? -
B B B B B B B B B B B B



B ANSWER- False Advertisements B




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Wicky

, What does a For Sale By Owner(FSBO) seller sign that identifies the buyer, and guarantees the
B B B B B B B B B B B B B B B B



agent a commission if the buyer purchases? - ANSWER-
B B B B B B B B



Commission Agreement for Sale B B B




What clause allows for parcels and units to be sold from a blanket mortgage? - ANSWER-
B B B B B B B B B B B B B B B



Release Clause B




To avoid litigation, what should all Real Estate(RE) companies using websites develop? -
B B B B B B B B B B B B



B ANSWER- An Internet Advertising Policy
B B B




What is it called when the lack of public sites in urban minority areas have contributed to the u
B B B B B B B B B B B B B B B B B B



rban decay? - ANSWER-
B B B Public Domain Racism B B




What gives the public constructive notice of a grantee's ownership? - ANSWER-
B B B B B B B B B B B



Recording the Deed B B




Life insurance companies typically invest how much of their assets in RE? - ANSWER-
B B B B B B B B B B B B B



(3/4), three- fourths B B




Why should agents avoid expressing value judgements when advertising? - ANSWER-
B B B B B B B B B B



So as to not mislead the consumer
B B B B B B




With a reverse annuity mortgage, the lender is making payments to? - ANSWER-
B B B B B B B B B B B B



Borrower



An insured conventional loan is similar to a Federal Housing Administration(FHA) loan, except
B B B B B B B B B B B B B



the insurer is? - ANSWER-
B B B B Secondary Lender B




What protected class was added by Fair Housing Amendments Act in 1988? - ANSWER-
B B B B B B B B B B B B B



Families with children, and people with disabilities
B B B B B B




2
Wicky