COLIBRI Real Estate | Expert Verified
Questions and Answers | Most Recent
2026 Update
• Which of the following statements is not true? -✓✓ A broker is not responsible
for the acts of independent contractors.
• Which of these statements is true? -✓✓ Salespersons must perform all of their
activities on behalf of their employing broker.
• Which of the following circumstances would concern you about working for
Broker John? -✓✓ John expects his agents to spend 5 hours a week on
unsupervised telephone duty.
• Which of the following is not a national real estate trade organization? -✓✓ CAR
• Alice has decided that she will specialize in selling farm land. Which area of
specialization would she fall into? -✓✓ Type of property
• Which of the following is NOT a condition of the safe harbor test? -✓✓ Gross
income must be based on hours worked.
• A shopping center would be primarily categorized as what type of property? -
✓✓ Commercial
• All of the following are true statements about goals except which one? -✓✓
Once you set a goal you should never change it.
,• Broker Alice has hired several independent contractors in her firm. Which of
these activities does she have control over? -✓✓ What percent of commission the
licensees can charge.
• If a broker receives a deposit check with a purchase contract, which of these is
he not allowed to do? -✓✓ Deposit into the brokerage business account.
• A person who believes he or she has been discriminated against has how long
from the time of the alleged violation to file a suit in a state or federal court? -✓✓
24 months
• If a person believes he or she has been discriminated against, how long does he
or she have to file a HUD complaint? -✓✓ 1 year
• Which California Fair Housing law provides protection from discrimination by
business establishments? -✓✓ Unruh Civil Rights Act
• A broker induces an owner to sell by telling him that Hispanics are moving into
the neighborhood. This broker is guilty of what prohibited activity? -✓✓ Panic
selling
• Which of the following is not a source of information for professional ethics
codes? -✓✓ Real estate schools
• How long must trust account records be kept? -✓✓ 3 years
, • Which is not a true statement about the Americans with Disabilities Act? -✓✓ A
duplex owner might need to remodel the kitchen in the rental unit to
accommodate persons with disabilities.
• Which Fair Housing Law added sex to the list of protected classes? -✓✓ Housing
and Community Development Act
• Which of these is not an exemption to fair housing law? -✓✓ The sale of a
single-family home by an owner who owns five residences
• Timeshare buyers have the right to rescind a transaction within what timeframe
after signing the purchase contract? -✓✓ 7 days
• Agent Paul is bound to inform his client of all facts that might affect the client's
interests -- both what Paul knows and what he "should have known." Which of
these situations would not be something Paul "should know"? -✓✓ The owner of
the property is HIV positive.
• The principles of an agency relationship include all of these factors except which
one? -✓✓ Compensation
• Which of the following is not a fiduciary duty an agent owes to his or her
principal? -✓✓ Blind obedience
• Which disclosure form gives detailed information about the property's
condition? -✓✓ Real Estate Transfer Disclosure Statement
Questions and Answers | Most Recent
2026 Update
• Which of the following statements is not true? -✓✓ A broker is not responsible
for the acts of independent contractors.
• Which of these statements is true? -✓✓ Salespersons must perform all of their
activities on behalf of their employing broker.
• Which of the following circumstances would concern you about working for
Broker John? -✓✓ John expects his agents to spend 5 hours a week on
unsupervised telephone duty.
• Which of the following is not a national real estate trade organization? -✓✓ CAR
• Alice has decided that she will specialize in selling farm land. Which area of
specialization would she fall into? -✓✓ Type of property
• Which of the following is NOT a condition of the safe harbor test? -✓✓ Gross
income must be based on hours worked.
• A shopping center would be primarily categorized as what type of property? -
✓✓ Commercial
• All of the following are true statements about goals except which one? -✓✓
Once you set a goal you should never change it.
,• Broker Alice has hired several independent contractors in her firm. Which of
these activities does she have control over? -✓✓ What percent of commission the
licensees can charge.
• If a broker receives a deposit check with a purchase contract, which of these is
he not allowed to do? -✓✓ Deposit into the brokerage business account.
• A person who believes he or she has been discriminated against has how long
from the time of the alleged violation to file a suit in a state or federal court? -✓✓
24 months
• If a person believes he or she has been discriminated against, how long does he
or she have to file a HUD complaint? -✓✓ 1 year
• Which California Fair Housing law provides protection from discrimination by
business establishments? -✓✓ Unruh Civil Rights Act
• A broker induces an owner to sell by telling him that Hispanics are moving into
the neighborhood. This broker is guilty of what prohibited activity? -✓✓ Panic
selling
• Which of the following is not a source of information for professional ethics
codes? -✓✓ Real estate schools
• How long must trust account records be kept? -✓✓ 3 years
, • Which is not a true statement about the Americans with Disabilities Act? -✓✓ A
duplex owner might need to remodel the kitchen in the rental unit to
accommodate persons with disabilities.
• Which Fair Housing Law added sex to the list of protected classes? -✓✓ Housing
and Community Development Act
• Which of these is not an exemption to fair housing law? -✓✓ The sale of a
single-family home by an owner who owns five residences
• Timeshare buyers have the right to rescind a transaction within what timeframe
after signing the purchase contract? -✓✓ 7 days
• Agent Paul is bound to inform his client of all facts that might affect the client's
interests -- both what Paul knows and what he "should have known." Which of
these situations would not be something Paul "should know"? -✓✓ The owner of
the property is HIV positive.
• The principles of an agency relationship include all of these factors except which
one? -✓✓ Compensation
• Which of the following is not a fiduciary duty an agent owes to his or her
principal? -✓✓ Blind obedience
• Which disclosure form gives detailed information about the property's
condition? -✓✓ Real Estate Transfer Disclosure Statement
