Page 1 of 188
COLIBRI REAL ESTATE EXPRESS FINAL EXAM
REVIEW EXAM WITH (3 VERSIONS) COMPLETE
500 QUESTIONS AND SOLUTIONS LATEST
UPDATE JUST RELEASED THIS YEAR
VERSION 1
Question: Glenda is the office manager for a local real estate firm. She is responsible for
coordinating the paperwork flow through the office, preparing ads and supervising the clerical
staff. Glenda is
A) required to have a salesperson's license.
B) violating license law.
C) required to have a broker license.
D) exempt from the license law. - CORRECT ANSWER✔✔D) exempt from the license law.
Question: Haru is working with his buyers to draw up a written offer on a property they want to
purchase. Which of the following items is not required in the offer?
A) The property description
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B) The mortgage lender
C) The method of payment
D) Special stipulations the offer requires - CORRECT ANSWER✔✔B) The mortgage lender
Question: Kezia just bought and closed on a new home that cost $195,000. her mortgage
amount is $165,500. how much is the intangible recording tax on Kezia's property?
A) $585
B) $195
C) $165.50
D) $496.50 - CORRECT ANSWER✔✔D) $496.50
*An intangible recording tax is due and payable on each instrument securing one or more long-
term notes at the rate of $1.50 per each $500
$165,500 ÷ $500 = 331
331 x $1.50 = $496.50
, Page 3 of 188
Question: Salesperson Gordon refuse to accept an offer to purchase his home from buyer Juan
Valdez of Columbia because Gordon feels the earnest money of $100 is not enough. Which of
the following statements about Gordon's refusal is correct?
A) Gordon is in violation of fair housing law because he discriminated on the basis of national
origin.
B) Since Gordon refused on the basis of the earnest money, he is not in violation of fair housing
law.
C) Gordon is in violation of civil rights law because he discriminated on the basis of race.
D) Gordon is guilty of redlining - CORRECT ANSWER✔✔B) Since Gordon refused on the basis of
the earnest money, he is not in violation of fair housing law.
Question: Jada is a community association manager. Which of the following would be one of
her duties?
A) Advising an owner about his legal liability for a visitor's injury on his property.
B) Following the instructions of all the owners in the community association.
C) Lending $1,000 to the community association.
D) Sending a monthly newsletter to the owners. - CORRECT ANSWER✔✔D) Sending a monthly
newsletter to the owners.
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Q:Broker Jane has been accused of a law violation regarding commissions. Which of the
following might result in her being found guilty?
A) Jane paid a commission to her licensed personal assistant.
B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto
accident. The deceased licensee had earned the commission prior to his death.
C) Jane paid a commission plus a bonus to one of her licensees.
D) Jane paid a commission to a Florida licensee who is not licensed in Georgia for licensing
activity in Georgia. - CORRECT ANSWER✔✔D) Jane paid a commission to a Florida licensee who
is not licensed in Georgia for licensing activity in Georgia.
Question: Any salesperson can legally receive her share of the commission on a sale from
A) her employing broker only.
B) any cooperating broker with whom she completes a sale.
C) a builder she represents in a sale
D) the purchaser of the home in a successful sale. - CORRECT ANSWER✔✔A) her employing
broker only.
Question: Which of the following is NOT a protected class under Georgia fair housing law?
COLIBRI REAL ESTATE EXPRESS FINAL EXAM
REVIEW EXAM WITH (3 VERSIONS) COMPLETE
500 QUESTIONS AND SOLUTIONS LATEST
UPDATE JUST RELEASED THIS YEAR
VERSION 1
Question: Glenda is the office manager for a local real estate firm. She is responsible for
coordinating the paperwork flow through the office, preparing ads and supervising the clerical
staff. Glenda is
A) required to have a salesperson's license.
B) violating license law.
C) required to have a broker license.
D) exempt from the license law. - CORRECT ANSWER✔✔D) exempt from the license law.
Question: Haru is working with his buyers to draw up a written offer on a property they want to
purchase. Which of the following items is not required in the offer?
A) The property description
, Page 2 of 188
B) The mortgage lender
C) The method of payment
D) Special stipulations the offer requires - CORRECT ANSWER✔✔B) The mortgage lender
Question: Kezia just bought and closed on a new home that cost $195,000. her mortgage
amount is $165,500. how much is the intangible recording tax on Kezia's property?
A) $585
B) $195
C) $165.50
D) $496.50 - CORRECT ANSWER✔✔D) $496.50
*An intangible recording tax is due and payable on each instrument securing one or more long-
term notes at the rate of $1.50 per each $500
$165,500 ÷ $500 = 331
331 x $1.50 = $496.50
, Page 3 of 188
Question: Salesperson Gordon refuse to accept an offer to purchase his home from buyer Juan
Valdez of Columbia because Gordon feels the earnest money of $100 is not enough. Which of
the following statements about Gordon's refusal is correct?
A) Gordon is in violation of fair housing law because he discriminated on the basis of national
origin.
B) Since Gordon refused on the basis of the earnest money, he is not in violation of fair housing
law.
C) Gordon is in violation of civil rights law because he discriminated on the basis of race.
D) Gordon is guilty of redlining - CORRECT ANSWER✔✔B) Since Gordon refused on the basis of
the earnest money, he is not in violation of fair housing law.
Question: Jada is a community association manager. Which of the following would be one of
her duties?
A) Advising an owner about his legal liability for a visitor's injury on his property.
B) Following the instructions of all the owners in the community association.
C) Lending $1,000 to the community association.
D) Sending a monthly newsletter to the owners. - CORRECT ANSWER✔✔D) Sending a monthly
newsletter to the owners.
, Page 4 of 188
Q:Broker Jane has been accused of a law violation regarding commissions. Which of the
following might result in her being found guilty?
A) Jane paid a commission to her licensed personal assistant.
B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto
accident. The deceased licensee had earned the commission prior to his death.
C) Jane paid a commission plus a bonus to one of her licensees.
D) Jane paid a commission to a Florida licensee who is not licensed in Georgia for licensing
activity in Georgia. - CORRECT ANSWER✔✔D) Jane paid a commission to a Florida licensee who
is not licensed in Georgia for licensing activity in Georgia.
Question: Any salesperson can legally receive her share of the commission on a sale from
A) her employing broker only.
B) any cooperating broker with whom she completes a sale.
C) a builder she represents in a sale
D) the purchaser of the home in a successful sale. - CORRECT ANSWER✔✔A) her employing
broker only.
Question: Which of the following is NOT a protected class under Georgia fair housing law?
