Colibri Real Estate Real Estate Express Final

Colibri Real Estate (Real Estate Express) Final Exam Review Latest Updated 2024 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.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
• the purchaser of the home in a successful sale. - Correct Answer A) her employing broker only.

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

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. 1 / 4

• Report the address change when he's ready to reactivate his license.
• Send a written notice to the Commission within 30 days.
• 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.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

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.
• required to have a broker license.
• exempt from the license law. - Correct Answer D) exempt from the license law.

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

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? 2 / 4

A) $585

B) $195

C) $165.50

• $496.50 - Correct Answer D) $496.50

*An intangible recording tax is due and payable on each instrument securing one or more long-term notes at the rate of $1.50 per each $500

$165,500 ÷ $500 = 331

331 x $1.50 = $496.50 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?

• Gordon is in violation of fair housing law because he discriminated on the basis of national origin.
• Since Gordon refused on the basis of the earnest money, he is not in violation of fair housing law.
• Gordon is in violation of civil rights law because he discriminated on the basis of race.
• Gordon is guilty of redlining - Correct Answer B) Since Gordon refused on the basis of the earnest

money, he is not in violation of fair housing law.Jada is a community association manager. Which of the following would be one of her duties?

• Advising an owner about his legal liability for a visitor's injury on his property.
• Following the instructions of all the owners in the community association.
• Lending $1,000 to the community association.
• Sending a monthly newsletter to the owners. - Correct Answer D) Sending a monthly newsletter to

the owners. 3 / 4

Which of the following does NOT need to be included in a property management agreement?

• A specific description of the property
• The names of the owners
• The names of the tenants
• The terms of the management fee - Correct Answer C) The names of the tenants

Gary got his license in May of 2021. His birthday is September 28. When will his license expire?

• May 31, 2025
• September 1, 2025
• September 30, 2025
• May 1, 2009 - Correct Answer C) September 30, 2025

*Real estate licenses expire on the last day of the licensee's birth month, every 4 years.A seller's agent must disclose any adverse physical conditions in the immediate neighborhood within _______ of a property.

• 1 mile
• 2 miles
• 5 miles
• 10 miles - Correct Answer A) 1 mile

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?

• 15 days
• 30 days
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