COLIBRI REAL ESTATE REAL
ESTATE EXPRESS FINAL EXAM 2026
PROPERTY TEST PAPER QUESTIONS
ANSWERS GRADED A+
◉ Broker Price Opinion. Answer: An opinion by a local expert of the of
the value of a property based upon properties recently sold in the market.
◉ Comparative Market Analysis (CMA). Answer: A method of valuing
homes that looks not only at recent home sales, homes in the market and
homes that were listed but did not sell.
Real estate brokers use special computer programs, such as the MLS,
usually connected to local taxing and recording offices to obtain this
information.
◉ Steps for land development. Answer: 1. Land acquisition
2. Approval by local authorities
3. Subdivision plat map
4. Recording
5. Construction
◉ Types of Residential Home Construction. Answer: 1. "Spec" homes
2. Tract homes
3. Custom home
, ◉ "Spec" homes. Answer: speculation homes, built without having a
specific buyer in mind.
◉ Tract homes. Answer: built to a certain set of guidelines used for a
particular subdivision
◉ Custom home. Answer: built for a specific buyer, usually using an
architect and drawings that the buyer has formulated.
◉ Which is the most important issue for a broker acting as a property
manager to accomplish?. Answer: To get maximum income while
preserving the value of the investment
◉ What percent o the nation's economy does real estate make up?.
Answer: 25%
◉ Services that a property manager must perform for the owner are
listed in. Answer: a property management agreement.
◉ The practice of a real estate sales associate specializing in a particular
geographic area is called. Answer: farming
◉ Agriculture property in Florida is a property that. Answer: has more
than 10 acres
ESTATE EXPRESS FINAL EXAM 2026
PROPERTY TEST PAPER QUESTIONS
ANSWERS GRADED A+
◉ Broker Price Opinion. Answer: An opinion by a local expert of the of
the value of a property based upon properties recently sold in the market.
◉ Comparative Market Analysis (CMA). Answer: A method of valuing
homes that looks not only at recent home sales, homes in the market and
homes that were listed but did not sell.
Real estate brokers use special computer programs, such as the MLS,
usually connected to local taxing and recording offices to obtain this
information.
◉ Steps for land development. Answer: 1. Land acquisition
2. Approval by local authorities
3. Subdivision plat map
4. Recording
5. Construction
◉ Types of Residential Home Construction. Answer: 1. "Spec" homes
2. Tract homes
3. Custom home
, ◉ "Spec" homes. Answer: speculation homes, built without having a
specific buyer in mind.
◉ Tract homes. Answer: built to a certain set of guidelines used for a
particular subdivision
◉ Custom home. Answer: built for a specific buyer, usually using an
architect and drawings that the buyer has formulated.
◉ Which is the most important issue for a broker acting as a property
manager to accomplish?. Answer: To get maximum income while
preserving the value of the investment
◉ What percent o the nation's economy does real estate make up?.
Answer: 25%
◉ Services that a property manager must perform for the owner are
listed in. Answer: a property management agreement.
◉ The practice of a real estate sales associate specializing in a particular
geographic area is called. Answer: farming
◉ Agriculture property in Florida is a property that. Answer: has more
than 10 acres
