ColibriRealEstate(RealEstateExpress)FinalE
u u u u u u u
xam Review Questions & Correct Answers | Lat
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estUpdate |AlreadyGradedA+
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BrokeruJaneuhasubeenuaccuseduofuaulawuviolationuregardingucommissions.uWhichuofutheufollo
wingumighturesultuinuherubeingufounduguilty?
A) Janeupaiduaucommissionutouherulicensedupersonaluassistant.
B) Janeupaiduaucommissionutoutheuwifeuofuoneuofuherulicenseesuwhouwasurecentlyukilleduinua
nuautouaccident.uTheudeceasedulicenseeuhaduearnedutheucommissionupriorutouhisudeath.
C) Janeupaiduaucommissionuplusuaubonusutouoneuofuherulicensees.
D) JaneupaiduaucommissionutouauFloridaulicenseeuwhouisunotulicenseduinuGeorgiauforuli
censinguactivityuinuGeorgia.
➹➹➹:uD)uJaneupaiduaucommissionutouauFloridaulicenseeuwhouisunotulicenseduinuGeorgiauforul
icensinguactivityuinuGeorgia.
Anyusalespersonucanulegallyureceiveuherushareuofutheucommissionuonuausaleufrom
A) heruemployingubrokeruonly.
B) anyucooperatingubrokeruwithuwhomusheucompletesuausale.
C) aubuilderusheurepresentsuinuausale
1u |u Puaugue
,D) theupurchaseruofutheuhomeuinuausuccessfulusale.
➹➹➹:uA)uheruemployingubrokeruonly.
WhichuofutheufollowinguisuNOTuauprotecteduclassuunderuGeorgiaufairuhousingulaw?
A) Sexualupreference
B) Familialustatus
C) Religion
D) Race
➹➹➹:uA)uSexualupreference
Syeduisuanuinactiveulicensee.uHeujustumovedutouaunewuhomeuacrossutown.uWhatumustuheud
o?
A) CallutheuCommissionuandugiveuituhisunewuaddress.
B) Reportutheuaddressuchangeuwhenuhe'sureadyutoureactivateuhisulicense.
C) SenduauwrittenunoticeutoutheuCommissionuwithinu30udays.
D) NotifyutheupostuofficeutousenduauchangeuofuaddressunoticeutoutheuCommission.
➹➹➹:uC)uSenduauwrittenunoticeutoutheuCommissionuwithinu30udays.
Howumanyuhoursuofucontinuingueducationumustuaulicenseeucompleteuforueachuyearuofulicensur
e?
2u |u Puaugue
,A) 8uhours
B) 9uhours
C) 5uhours
D) 4uhours
➹➹➹:u B)u 9u hours
Glendauisutheuofficeumanageruforuaulocalurealuestateufirm.uSheuisuresponsibleuforucoordinating
theupaperworkuflowuthroughutheuoffice,upreparinguadsuandusupervisingutheuclericalustaff.uGlen
u
dauis
A) requiredutouhaveuausalesperson'sulicense.
B) violatingulicenseulaw.
C) requiredutouhaveuaubrokerulicense.
D) exemptufromutheulicenseulaw.
➹➹➹:uD)uexemptufromutheu licenseulaw.
Haruuisuworkinguwithuhisubuyersutoudrawuupuauwrittenuofferuonuaupropertyutheyuwantutoupurchas
e.uWhichuofutheufollowinguitemsuisunoturequireduinutheuoffer?
A) Theupropertyudescription
B) Theumortgageulender
C) Theumethoduofupayment
D) Specialustipulationsutheuofferurequires
3u |u Puaugue
, ➹➹➹:uB)uTheumortgageulender
Keziaujustuboughtuanducloseduonuaunewuhomeuthatucostu$195,000.uherumortgageuamountuis
$165,500.uhowumuchuisutheuintangibleurecordingutaxuonuKezia'suproperty?
u
A)u$585
B)u$195
C)u$165.50
D)u$496.50
➹➹➹:u D)u $496.50
*Anuintangibleurecordingutaxuisudueuandupayableuonueachuinstrumentusecuringuoneuorumore
long-termunotesuatutheurateuofu$1.50uperueachu$500
u
$165,500u÷u$500u=u331u
331uxu$1.50u=u$496.50
SalespersonuGordonurefuseutouacceptuanuofferutoupurchaseuhisuhomeufromubuyeruJuanuV
aldezuofuColumbiaubecauseuGordonufeelsutheuearnestumoneyuofu$100uisunotuenough.uW
hichuofutheufollowingustatementsuaboutuGordon'surefusaluisucorrect?
A) Gordonuisuinuviolationuofufairuhousingulawubecauseuheudiscriminateduonutheubasisuofun
ationaluorigin.
4u |u Puaugue
u u u u u u u
xam Review Questions & Correct Answers | Lat
u u u u u u u
estUpdate |AlreadyGradedA+
u u u u u
BrokeruJaneuhasubeenuaccuseduofuaulawuviolationuregardingucommissions.uWhichuofutheufollo
wingumighturesultuinuherubeingufounduguilty?
A) Janeupaiduaucommissionutouherulicensedupersonaluassistant.
B) Janeupaiduaucommissionutoutheuwifeuofuoneuofuherulicenseesuwhouwasurecentlyukilleduinua
nuautouaccident.uTheudeceasedulicenseeuhaduearnedutheucommissionupriorutouhisudeath.
C) Janeupaiduaucommissionuplusuaubonusutouoneuofuherulicensees.
D) JaneupaiduaucommissionutouauFloridaulicenseeuwhouisunotulicenseduinuGeorgiauforuli
censinguactivityuinuGeorgia.
➹➹➹:uD)uJaneupaiduaucommissionutouauFloridaulicenseeuwhouisunotulicenseduinuGeorgiauforul
icensinguactivityuinuGeorgia.
Anyusalespersonucanulegallyureceiveuherushareuofutheucommissionuonuausaleufrom
A) heruemployingubrokeruonly.
B) anyucooperatingubrokeruwithuwhomusheucompletesuausale.
C) aubuilderusheurepresentsuinuausale
1u |u Puaugue
,D) theupurchaseruofutheuhomeuinuausuccessfulusale.
➹➹➹:uA)uheruemployingubrokeruonly.
WhichuofutheufollowinguisuNOTuauprotecteduclassuunderuGeorgiaufairuhousingulaw?
A) Sexualupreference
B) Familialustatus
C) Religion
D) Race
➹➹➹:uA)uSexualupreference
Syeduisuanuinactiveulicensee.uHeujustumovedutouaunewuhomeuacrossutown.uWhatumustuheud
o?
A) CallutheuCommissionuandugiveuituhisunewuaddress.
B) Reportutheuaddressuchangeuwhenuhe'sureadyutoureactivateuhisulicense.
C) SenduauwrittenunoticeutoutheuCommissionuwithinu30udays.
D) NotifyutheupostuofficeutousenduauchangeuofuaddressunoticeutoutheuCommission.
➹➹➹:uC)uSenduauwrittenunoticeutoutheuCommissionuwithinu30udays.
Howumanyuhoursuofucontinuingueducationumustuaulicenseeucompleteuforueachuyearuofulicensur
e?
2u |u Puaugue
,A) 8uhours
B) 9uhours
C) 5uhours
D) 4uhours
➹➹➹:u B)u 9u hours
Glendauisutheuofficeumanageruforuaulocalurealuestateufirm.uSheuisuresponsibleuforucoordinating
theupaperworkuflowuthroughutheuoffice,upreparinguadsuandusupervisingutheuclericalustaff.uGlen
u
dauis
A) requiredutouhaveuausalesperson'sulicense.
B) violatingulicenseulaw.
C) requiredutouhaveuaubrokerulicense.
D) exemptufromutheulicenseulaw.
➹➹➹:uD)uexemptufromutheu licenseulaw.
Haruuisuworkinguwithuhisubuyersutoudrawuupuauwrittenuofferuonuaupropertyutheyuwantutoupurchas
e.uWhichuofutheufollowinguitemsuisunoturequireduinutheuoffer?
A) Theupropertyudescription
B) Theumortgageulender
C) Theumethoduofupayment
D) Specialustipulationsutheuofferurequires
3u |u Puaugue
, ➹➹➹:uB)uTheumortgageulender
Keziaujustuboughtuanducloseduonuaunewuhomeuthatucostu$195,000.uherumortgageuamountuis
$165,500.uhowumuchuisutheuintangibleurecordingutaxuonuKezia'suproperty?
u
A)u$585
B)u$195
C)u$165.50
D)u$496.50
➹➹➹:u D)u $496.50
*Anuintangibleurecordingutaxuisudueuandupayableuonueachuinstrumentusecuringuoneuorumore
long-termunotesuatutheurateuofu$1.50uperueachu$500
u
$165,500u÷u$500u=u331u
331uxu$1.50u=u$496.50
SalespersonuGordonurefuseutouacceptuanuofferutoupurchaseuhisuhomeufromubuyeruJuanuV
aldezuofuColumbiaubecauseuGordonufeelsutheuearnestumoneyuofu$100uisunotuenough.uW
hichuofutheufollowingustatementsuaboutuGordon'surefusaluisucorrect?
A) Gordonuisuinuviolationuofufairuhousingulawubecauseuheudiscriminateduonutheubasisuofun
ationaluorigin.
4u |u Puaugue
