COLIBRI REAL ESTATE PRACTICE FINAL
EXAM QUESTIONS AND ANSWERS LATEST
2025-2026 EXAM UPDATE
What are the primary advantages of PEX piping? - Answer-PEX piping
is able to withstand both high and low temperatures and it is highly
resistant to chemicals.
How does Planned Unit Development zoning differ from ordinary
zoning? - Answer-I requires that multiple tracts of land be developed
according to a single design for efficient use of space.
Home Hoarding Realty is advertising to the public that their managing
broker has been in the business 37 years and has sold over 1,250 homes.
This is an example of - Answer-institutional advertising
Which of the following would qualify as an example of retail property?
- Answer-A shopping center
Neal's home has been foreclosed on and sold at a Sheriff's sale. The sale
brought in $500,000 and the total liabilities on the home were $425,000.
Who receives the additional $75,000? - Answer-Neal
, Broker Jon is attaching a rider strip to a For Sale sign. What information
is most likely on this rider strip? - Answer-Jon's cell phone number
Which is false regarding a promissory note? - Answer-It is the term
used for a note that is guaranteed or insured by a governmental agency.
What is a disadvatage of real estate investment? - Answer-It is not
highly liquid
A broker induces an owner to sell by telling him that Muslims are
moving into the neighborhood. This broker is guilty of - Answer-
blockbusting
Given the net income of a property, the appraiser can determine an
opinion of the value for that property by - Answer-Dividing by the rate
of capitalization
Morgan owned a large condominium on the ocean. She died and no
legal heirs were found. Who will receive title to the property? - Answer-
The State or County
Earl orally agreed to a 18-month lease with landlord Blake. Is this
contract enforceable? - Answer-No, all leases for longer than one year
must be in writing to be enforceable.
EXAM QUESTIONS AND ANSWERS LATEST
2025-2026 EXAM UPDATE
What are the primary advantages of PEX piping? - Answer-PEX piping
is able to withstand both high and low temperatures and it is highly
resistant to chemicals.
How does Planned Unit Development zoning differ from ordinary
zoning? - Answer-I requires that multiple tracts of land be developed
according to a single design for efficient use of space.
Home Hoarding Realty is advertising to the public that their managing
broker has been in the business 37 years and has sold over 1,250 homes.
This is an example of - Answer-institutional advertising
Which of the following would qualify as an example of retail property?
- Answer-A shopping center
Neal's home has been foreclosed on and sold at a Sheriff's sale. The sale
brought in $500,000 and the total liabilities on the home were $425,000.
Who receives the additional $75,000? - Answer-Neal
, Broker Jon is attaching a rider strip to a For Sale sign. What information
is most likely on this rider strip? - Answer-Jon's cell phone number
Which is false regarding a promissory note? - Answer-It is the term
used for a note that is guaranteed or insured by a governmental agency.
What is a disadvatage of real estate investment? - Answer-It is not
highly liquid
A broker induces an owner to sell by telling him that Muslims are
moving into the neighborhood. This broker is guilty of - Answer-
blockbusting
Given the net income of a property, the appraiser can determine an
opinion of the value for that property by - Answer-Dividing by the rate
of capitalization
Morgan owned a large condominium on the ocean. She died and no
legal heirs were found. Who will receive title to the property? - Answer-
The State or County
Earl orally agreed to a 18-month lease with landlord Blake. Is this
contract enforceable? - Answer-No, all leases for longer than one year
must be in writing to be enforceable.
