Colibri Real Estate Real Estate Express Final Exam

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Colibri Real Estate (Real Estate Express) Final Exam Review(updated)fully solved

Question 1: Broker Jane has been accused of a law violation

regarding commissions. Which of the following might result in her being found guilty?

• Jane paid a commission to her licensed personal assistant.
• Jane paid a commission to the wife of one of her licensees

who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death.

• Jane paid a commission plus a bonus to one of her licensees.
• Jane paid a commission to a Florida licensee who is not

licensed in Georgia for licensing activity in Georgia.

CORRECT ANSWER : D) Jane paid a commission to a Florida

licensee who is not licensed in Georgia for licensing activity in Georgia.

Question 2: Any salesperson can legally receive her share of the

commission on a sale from

• her employing broker only.
• any cooperating broker with whom she completes a sale.
• a builder she represents in a sale

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• the purchaser of the home in a successful sale.

CORRECT ANSWER : A) her employing broker only.

Question 3: We have an expert-written solution to this problem!

Which of the following is NOT a protected class under Georgia fair housing law?

• Sexual preference
• Familial status
• Religion
• Race

CORRECT ANSWER : A) Sexual preference

Question 4: Syed is an inactive licensee. He just moved to a new

home across town. What must he do?

• Call the Commission and give it his new address.
• Report the address change when he's ready to reactivate his

license.

• Send a written notice to the Commission within 30 days.

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• Notify the post office to send a change of address notice to

the Commission.

CORRECT ANSWER : C) Send a written notice to the

Commission within 30 days.

Question 5: How many hours of continuing education must a

licensee complete for each year of licensure?

• 8 hours
• 9 hours
• 5 hours
• 4 hours

CORRECT ANSWER : B) 9 hours

Question 6: Glenda is the office manager for a local real estate

firm. She is responsible for coordinating the paperwork flow through the office, preparing ads and supervising the clerical staff. Glenda is

• required to have a salesperson's license.
• violating license law.

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• required to have a broker license.
• exempt from the license law.

CORRECT ANSWER : D) exempt from the license law.

Question 7: Haru is working with his buyers to draw up a

written offer on a property they want to purchase. Which of the following items is not required in the offer?

• The property description
• The mortgage lender
• The method of payment
• Special stipulations the offer requires

CORRECT ANSWER : B) The mortgage lender

Question 8: Kezia just bought and closed on a new home that

cost $195,000. her mortgage amount is $165,500. how much is the intangible recording tax on Kezia's property?

A) $585

B) $195

C) $165.50