Colibri Real Estate (Real Estate Express) Final Exam Review 2025/2026

Colibri Real Estate (Real Estate Express) Final Exam Review

14. 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? A) 15 days B) 30 days C) 60 days D) 90 days: C) 60 days 15. Why was the Real Estate Education, Research and Recovery Fund estab- lished? A) To educate the public about real estate B) To fund courses for real estate agents C) To compensate consumers damaged by licensees' practices D)To conduct real estate research projects: C) To compensate consumers dam- aged by licensees' practices 16. Which of these persons would require a real estate license? A) Suresh is a full-time employee of a utility company. He negotiates and acquires leases for the company. B) Greta is an attorney who conveys real estate under a power of attorney. C) Jack refers clients to his licensed broker brother and receives a fee from the parties he refers. D) A partnership sells a building owned by the partners.: C) Jack refers clients to his licensed broker brother and receives a fee from the parties he refers. 17. Broker Larry received an earnest money check from a buyer for $3,000. He needed the money, so he cashed the check. At closing, he gave the seller a check for $3,180, the amount of the original check plus 6% interest. Which statement is true? A) Larry should have deposited the earnest money in a federally-insured account with other escrow funds. B) It was okay that Larry cashed the check, but he should not have given the interest to the seller. C) Larry should have deposited the check into his personal account and kept the interest. D) Larry should have discussed what to do with the interest with all of the parties involved in the transaction.: A) Larry should have deposited the earnest money in a federally-insured account with other escrow funds.