COLIBRIREALESTATEPRACTICEFINAL
y y y y y
EXAM | QUESTIONS & 100% CORRECT AN
y y y y y y
SWERS (VERIFIED) | LATEST UPDATE |GR
y y y y y y
ADEA+ y
Whyyisytheyconditionyofybearingywallsymoreyimportantythanynonybearingywalls?
CorrectyAnswer:y Bearingywallsysupportytheyceilingyandytheyroof.
OwneryTomydecidedytoyleaseyoutyhisybasementytoyaycollegeystudent.yByyleasingytheybasemen
t,yTomyhas
CorrectyAnswer:y transferredyayportionyofyhisybundleyofyrights
Whatyisyayforecastyofyincomeyandyexpensesythatycanybeyprojectedyoveryfiveyyears?
CorrectyAnswer:y Stabilizedybudget
AybuyerytoldybrokeryLenaythatysheywantsytoymoveytoyCubanyneighborhood.yThenytheybuye
ryaskedyifyLenaycouldyshowyherytheybestyhomeyinyayCubanyarea.yHowyshouldyLenayrespondy
toythisyrequest?
CorrectyAnswer:yLenayshouldyexplainytoytheybuyerythatysheyethicallyyandylegallyycannotyrec
ommendyhousingybasedyonynationalyorigin.
Whichyofytheyfollowingywillsymayybeyconsideredyinvalid?
,CorrectyAnswer:y Aywillythatyisynotysigned.
BrokeryTorreyyhiresysalespersonyWesyasyanyindependentycontractor.yAsyanyindependentycon
tractor,yWesycanyexpectywhichyofytheyfollowingyfromyBrokeryTorrey?
CorrectyAnswer:y PerformanceyExpectations
Whichyofytheyfollowingystatementsybestydescribesywhatyhappensywithyayjudicialyforeclosure?
CorrectyAnswer:y Theymortgagedypropertyyisysoldyunderytheysupervisionyofyaycourt.
Whichyofytheyfollowingybestydescribesytheyprincipleyofyconformity?
CorrectyAnswer:y Ayhomeymaintainsyitsyhighestyvalueybyybeingyinyayneighborhoodywithysi
milar-typeyhousing.
Theycostyofydoingydirectymailyadvertisingydependsyon
CorrectyAnswer:y Theyfrequencyyofytheymailings
Aytypeyofymortgageywhichyallowsytheylenderytoyincreaseytheyoutstandingybalanceyofyayloa
nyupytoytheyoriginalyamountyofytheyloanyinyorderytoyadvanceyadditionalyfundsyisycalledyan
CorrectyAnswer:y open-endymortgage
, Ofytheyfollowingyliens:yay$100,000ymortgage,yay$2,500ypropertyytaxybill,yandyay$8,000ymecha
nic'sylienyandyay$25,000yjudgementylien,ywhichywillybeypaidyoffyfirstyafteryayforeclosureysale?
CorrectyAnswer:y They$2,500ypropertyytaxylien
Onyay$280,000yloan,ytheylenderychargesyay2ypointyserviceycharge.yHowymuchydoesytheyborro
weryhaveytoypayyforyjustytheseytwoypoints?
CorrectyAnswer:y $5,600
Aysellerydecidedytoybackyoutyofyaysalesycontractyforynoygoodyreason.yWhatyrecourseydoesythey
buyeryhave?
CorrectyAnswer:y Toysueyforyspecificyperformance.
WhatyareytheyprimaryyadvantagesyofyPEXypiping?
CorrectyAnswer:y PEXypipingyisyableytoywithstandybothyhighyandylowytemperaturesyandyityi
syhighlyyresistantytoychemicals.
HowydoesyPlannedyUnityDevelopmentyzoningydifferyfromyordinaryyzoning?
CorrectyAnswer:y Iyrequiresythatymultipleytractsyofylandybeydevelopedyaccordingytoyaysingl
eydesignyforyefficientyuseyofyspace.
HomeyHoardingyRealtyyisyadvertisingytoytheypublicythatytheirymanagingybrokeryhasybeenyiny
theybusinessy37yyearsyandyhasysoldyovery1,250yhomes.yThisyisyanyexampleyof
y y y y y
EXAM | QUESTIONS & 100% CORRECT AN
y y y y y y
SWERS (VERIFIED) | LATEST UPDATE |GR
y y y y y y
ADEA+ y
Whyyisytheyconditionyofybearingywallsymoreyimportantythanynonybearingywalls?
CorrectyAnswer:y Bearingywallsysupportytheyceilingyandytheyroof.
OwneryTomydecidedytoyleaseyoutyhisybasementytoyaycollegeystudent.yByyleasingytheybasemen
t,yTomyhas
CorrectyAnswer:y transferredyayportionyofyhisybundleyofyrights
Whatyisyayforecastyofyincomeyandyexpensesythatycanybeyprojectedyoveryfiveyyears?
CorrectyAnswer:y Stabilizedybudget
AybuyerytoldybrokeryLenaythatysheywantsytoymoveytoyCubanyneighborhood.yThenytheybuye
ryaskedyifyLenaycouldyshowyherytheybestyhomeyinyayCubanyarea.yHowyshouldyLenayrespondy
toythisyrequest?
CorrectyAnswer:yLenayshouldyexplainytoytheybuyerythatysheyethicallyyandylegallyycannotyrec
ommendyhousingybasedyonynationalyorigin.
Whichyofytheyfollowingywillsymayybeyconsideredyinvalid?
,CorrectyAnswer:y Aywillythatyisynotysigned.
BrokeryTorreyyhiresysalespersonyWesyasyanyindependentycontractor.yAsyanyindependentycon
tractor,yWesycanyexpectywhichyofytheyfollowingyfromyBrokeryTorrey?
CorrectyAnswer:y PerformanceyExpectations
Whichyofytheyfollowingystatementsybestydescribesywhatyhappensywithyayjudicialyforeclosure?
CorrectyAnswer:y Theymortgagedypropertyyisysoldyunderytheysupervisionyofyaycourt.
Whichyofytheyfollowingybestydescribesytheyprincipleyofyconformity?
CorrectyAnswer:y Ayhomeymaintainsyitsyhighestyvalueybyybeingyinyayneighborhoodywithysi
milar-typeyhousing.
Theycostyofydoingydirectymailyadvertisingydependsyon
CorrectyAnswer:y Theyfrequencyyofytheymailings
Aytypeyofymortgageywhichyallowsytheylenderytoyincreaseytheyoutstandingybalanceyofyayloa
nyupytoytheyoriginalyamountyofytheyloanyinyorderytoyadvanceyadditionalyfundsyisycalledyan
CorrectyAnswer:y open-endymortgage
, Ofytheyfollowingyliens:yay$100,000ymortgage,yay$2,500ypropertyytaxybill,yandyay$8,000ymecha
nic'sylienyandyay$25,000yjudgementylien,ywhichywillybeypaidyoffyfirstyafteryayforeclosureysale?
CorrectyAnswer:y They$2,500ypropertyytaxylien
Onyay$280,000yloan,ytheylenderychargesyay2ypointyserviceycharge.yHowymuchydoesytheyborro
weryhaveytoypayyforyjustytheseytwoypoints?
CorrectyAnswer:y $5,600
Aysellerydecidedytoybackyoutyofyaysalesycontractyforynoygoodyreason.yWhatyrecourseydoesythey
buyeryhave?
CorrectyAnswer:y Toysueyforyspecificyperformance.
WhatyareytheyprimaryyadvantagesyofyPEXypiping?
CorrectyAnswer:y PEXypipingyisyableytoywithstandybothyhighyandylowytemperaturesyandyityi
syhighlyyresistantytoychemicals.
HowydoesyPlannedyUnityDevelopmentyzoningydifferyfromyordinaryyzoning?
CorrectyAnswer:y Iyrequiresythatymultipleytractsyofylandybeydevelopedyaccordingytoyaysingl
eydesignyforyefficientyuseyofyspace.
HomeyHoardingyRealtyyisyadvertisingytoytheypublicythatytheirymanagingybrokeryhasybeenyiny
theybusinessy37yyearsyandyhasysoldyovery1,250yhomes.yThisyisyanyexampleyof
