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COLIBRI REAL ESTATE (REAL
ESTATE EXPRESS) FINAL EXAM
REVIEW
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Question : Broker Jane has been accused of a law
violation regarding commissions. Which of the following might result in her being found guilty?
CORRECT ANSWER : D) Jane paid a commission to a
Florida licensee who is not licensed in Georgia for licensing activity in Georgia.
Question : Any salesperson can legally receive her share
of the commission on a sale from
CORRECT ANSWER : A) her employing broker only.
Question : Which of the following is NOT a protected
class under Georgia fair housing law?
CORRECT ANSWER : A) Sexual preference.
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Question : Syed is an inactive licensee. He just moved to
a new home across town. What must he do?
CORRECT ANSWER : C) Send a written notice to the
Commission within 30 days.
Question : How many hours of continuing education must
a licensee complete for each year of licensure?
CORRECT ANSWER : B) 9 hours.
Question : 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
CORRECT ANSWER : D) exempt from the license law.
Question : 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?
CORRECT ANSWER : B) The mortgage lender.
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Question : 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?
CORRECT ANSWER : D) $496.50.
Question : Salesperson Gordon refuse to accept an offer
to purchase his home from buyer Juan Valdez of Columbia because Gordon feels the earnest money of $100 is not enough. Which of the following statements about Gordon's refusal is correct?
CORRECT ANSWER : B) Since Gordon refused on the
basis of the earnest money, he is not in violation of fair housing law.
Question : Jada is a community association manager.
Which of the following would be one of her duties?
CORRECT ANSWER : D) Sending a monthly newsletter
to the owners.
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Question : Which of the following does NOT need to be
included in a property management agreement?
CORRECT ANSWER : C) The names of the tenants.
Question : Gary got his license in May of 2021. His
birthday is September 28. When will his license expire?
CORRECT ANSWER : C) September 30, 2025.
Question : A seller's agent must disclose any adverse
physical conditions in the immediate neighborhood within _______ of a property.
CORRECT ANSWER : A) 1 mile.
Question : Jadarius has had his license suspended. By
law, Jadarius's name will b e published on the Georgia Real Estate Commission website if the licenses has been suspended for how long?