COLIBRI REAL ESTATE REAL
ESTATE EXPRESS FINAL EXAM 2026
FINAL PAPER PRACTICE
QUESTIONS ANSWERS ACCURATE
A+
◉ Broker Dean realizes he has relocation buyers. What is something he
should focus on with these buyers? Answer: On finding a property with
good resale value
◉ Real estate licensees should know enough about building ordinances
to be able to.. Answer: alert clients of potential problems in a home.
◉ If an industrial property is described as "special purpose," it is
Answer: unsuitable for many uses and processes.
◉ During the final walk-through, the buyer sees that the seller did not
remove a downed tree. What is the best way of handling this? Answer:
At the closing, the buyer could ask for a credit from the seller to remove
the downed tree.
◉ Who must a principal broker supervise in a real estate office?
Answer: All licensees affiliated to the principal broker and all other
unlicensed employees at that office.
, ◉ Broker Hannah just received a $5,000 escrow money deposit. How
long does she have to deposit it under Kentucky law? Answer: Without
unreasonable delay
◉ What type of insurance is mandatory for all active licensees? Answer:
errors and omissions insurance
◉ Sales associate Nika is showing a property with an electronic
lockbox, how should she access the property? Answer: By using the E-
key smartphone application
◉ What penalties may a circuit court impose on a person found violating
any provision of Kentucky License Law? Answer: A fine of between
$100 and $1,000 and a jail sentence of up to 6 months.
◉ Why is designated agency a good alternative to traditional dual
agency? Answer: Even though the same broker represents each party,
both the buyer and seller have a licensee who exclusively acts as their
agent in the transaction.
◉ Which if the following actions is illegal in Kentucky? Answer: Acting
for more than one party in a transaction with the knowledge of all parties
for him a licensee acts
◉ Why should broker Taylor create a website for her brokerage?
Answer: To brand her firm with a visual mission statement
ESTATE EXPRESS FINAL EXAM 2026
FINAL PAPER PRACTICE
QUESTIONS ANSWERS ACCURATE
A+
◉ Broker Dean realizes he has relocation buyers. What is something he
should focus on with these buyers? Answer: On finding a property with
good resale value
◉ Real estate licensees should know enough about building ordinances
to be able to.. Answer: alert clients of potential problems in a home.
◉ If an industrial property is described as "special purpose," it is
Answer: unsuitable for many uses and processes.
◉ During the final walk-through, the buyer sees that the seller did not
remove a downed tree. What is the best way of handling this? Answer:
At the closing, the buyer could ask for a credit from the seller to remove
the downed tree.
◉ Who must a principal broker supervise in a real estate office?
Answer: All licensees affiliated to the principal broker and all other
unlicensed employees at that office.
, ◉ Broker Hannah just received a $5,000 escrow money deposit. How
long does she have to deposit it under Kentucky law? Answer: Without
unreasonable delay
◉ What type of insurance is mandatory for all active licensees? Answer:
errors and omissions insurance
◉ Sales associate Nika is showing a property with an electronic
lockbox, how should she access the property? Answer: By using the E-
key smartphone application
◉ What penalties may a circuit court impose on a person found violating
any provision of Kentucky License Law? Answer: A fine of between
$100 and $1,000 and a jail sentence of up to 6 months.
◉ Why is designated agency a good alternative to traditional dual
agency? Answer: Even though the same broker represents each party,
both the buyer and seller have a licensee who exclusively acts as their
agent in the transaction.
◉ Which if the following actions is illegal in Kentucky? Answer: Acting
for more than one party in a transaction with the knowledge of all parties
for him a licensee acts
◉ Why should broker Taylor create a website for her brokerage?
Answer: To brand her firm with a visual mission statement
