colibri real estate practice questions
with correct answers graded A+
2025/2026.
Which of the following would be an example of a licensee specializing in business type?
correct answers Jim specializes in clients who want to buy restaurants.
Which of the following statements is not true? correct answers A broker is not
responsible for the acts of independent contractors.
Which of these statements is true? correct answers 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? correct answers 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? correct answers
CAR
Alice has decided that she will specialize in selling farm land. Which area of
specialization would she fall into? correct answers Type of property
Which of the following is NOT a condition of the safe harbor test? correct answers
Gross income must be based on hours worked.
A shopping center would be primarily categorized as what type of property? correct
answers Commercial
All of the following are true statements about goals except which one? correct answers
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? correct answers 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? correct answers 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? correct answers 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? correct answers 1 year
Which California Fair Housing law provides protection from discrimination by business
establishments? correct answers 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? correct answers Panic
selling
Which of the following is not a source of information for professional ethics codes?
correct answers Real estate schools
How long must trust account records be kept? correct answers 3 years
Which is not a true statement about the Americans with Disabilities Act? correct
answers 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? correct answers
Housing and Community Development Act
Which of these is not an exemption to fair housing law? correct answers 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? correct answers 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"? correct answers The owner of the
property is HIV positive.
The principles of an agency relationship include all of these factors except which one?
correct answers Compensation
Which of the following is not a fiduciary duty an agent owes to his or her principal?
correct answers Blind obedience
Which disclosure form gives detailed information about the property's condition? correct
answers Real Estate Transfer Disclosure Statement
with correct answers graded A+
2025/2026.
Which of the following would be an example of a licensee specializing in business type?
correct answers Jim specializes in clients who want to buy restaurants.
Which of the following statements is not true? correct answers A broker is not
responsible for the acts of independent contractors.
Which of these statements is true? correct answers 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? correct answers 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? correct answers
CAR
Alice has decided that she will specialize in selling farm land. Which area of
specialization would she fall into? correct answers Type of property
Which of the following is NOT a condition of the safe harbor test? correct answers
Gross income must be based on hours worked.
A shopping center would be primarily categorized as what type of property? correct
answers Commercial
All of the following are true statements about goals except which one? correct answers
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? correct answers 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? correct answers 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? correct answers 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? correct answers 1 year
Which California Fair Housing law provides protection from discrimination by business
establishments? correct answers 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? correct answers Panic
selling
Which of the following is not a source of information for professional ethics codes?
correct answers Real estate schools
How long must trust account records be kept? correct answers 3 years
Which is not a true statement about the Americans with Disabilities Act? correct
answers 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? correct answers
Housing and Community Development Act
Which of these is not an exemption to fair housing law? correct answers 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? correct answers 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"? correct answers The owner of the
property is HIV positive.
The principles of an agency relationship include all of these factors except which one?
correct answers Compensation
Which of the following is not a fiduciary duty an agent owes to his or her principal?
correct answers Blind obedience
Which disclosure form gives detailed information about the property's condition? correct
answers Real Estate Transfer Disclosure Statement
