COLIBRI REAL ESTATE PRACTICE
FINAL EXAM QUESTIONS WITH 100%
CORRECT ANSWERS L LATEST
VERSION 2025/2026.
Why is the condition of bearing walls more important than non bearing walls? - ANS Bearing
walls support the ceiling and the roof.
Owner Tom decided to lease out his basement to a college student. By leasing the basement,
Tom has - ANS transferred a portion of his bundle of rights
What is a forecast of income and expenses that can be projected over five years? -
ANS Stabilized budget
A buyer told broker Lena that she wants to move to Cuban neighborhood. Then the buyer asked
if Lena could show her the best home in a Cuban area. How should Lena respond to this
request? - ANS Lena should explain to the buyer that she ethically and legally cannot
recommend housing based on national origin.
Which of the following wills may be considered invalid? - ANS A will that is not signed.
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Broker Torrey hires salesperson Wes as an independent contractor. As an independent
contractor, Wes can expect which of the following from Broker Torrey? - ANS Performance
Expectations
Which of the following statements best describes what happens with a judicial foreclosure? -
ANS The mortgaged property is sold under the supervision of a court.
Which of the following best describes the principle of conformity? - ANS A home maintains
its highest value by being in a neighborhood with similar-type housing.
The cost of doing direct mail advertising depends on - ANS The frequency of the mailings
A type of mortgage which allows the lender to increase the outstanding balance of a loan up to
the original amount of the loan in order to advance additional funds is called an - ANS open-
end mortgage
Of the following liens: a $100,000 mortgage, a $2,500 property tax bill, and a $8,000 mechanic's
lien and a $25,000 judgement lien, which will be paid off first after a foreclosure sale? -
ANS The $2,500 property tax lien
On a $280,000 loan, the lender charges a 2 point service charge. How much does the borrower
have to pay for just these two points? - ANS $5,600
A seller decided to back out of a sales contract for no good reason. What recourse does the
buyer have? - ANS To sue for specific performance.
What are the primary advantages of PEX piping? - ANS PEX piping is able to withstand both
high and low temperatures and it is highly resistant to chemicals.
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
FINAL EXAM QUESTIONS WITH 100%
CORRECT ANSWERS L LATEST
VERSION 2025/2026.
Why is the condition of bearing walls more important than non bearing walls? - ANS Bearing
walls support the ceiling and the roof.
Owner Tom decided to lease out his basement to a college student. By leasing the basement,
Tom has - ANS transferred a portion of his bundle of rights
What is a forecast of income and expenses that can be projected over five years? -
ANS Stabilized budget
A buyer told broker Lena that she wants to move to Cuban neighborhood. Then the buyer asked
if Lena could show her the best home in a Cuban area. How should Lena respond to this
request? - ANS Lena should explain to the buyer that she ethically and legally cannot
recommend housing based on national origin.
Which of the following wills may be considered invalid? - ANS A will that is not signed.
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Broker Torrey hires salesperson Wes as an independent contractor. As an independent
contractor, Wes can expect which of the following from Broker Torrey? - ANS Performance
Expectations
Which of the following statements best describes what happens with a judicial foreclosure? -
ANS The mortgaged property is sold under the supervision of a court.
Which of the following best describes the principle of conformity? - ANS A home maintains
its highest value by being in a neighborhood with similar-type housing.
The cost of doing direct mail advertising depends on - ANS The frequency of the mailings
A type of mortgage which allows the lender to increase the outstanding balance of a loan up to
the original amount of the loan in order to advance additional funds is called an - ANS open-
end mortgage
Of the following liens: a $100,000 mortgage, a $2,500 property tax bill, and a $8,000 mechanic's
lien and a $25,000 judgement lien, which will be paid off first after a foreclosure sale? -
ANS The $2,500 property tax lien
On a $280,000 loan, the lender charges a 2 point service charge. How much does the borrower
have to pay for just these two points? - ANS $5,600
A seller decided to back out of a sales contract for no good reason. What recourse does the
buyer have? - ANS To sue for specific performance.
What are the primary advantages of PEX piping? - ANS PEX piping is able to withstand both
high and low temperatures and it is highly resistant to chemicals.
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
