COLIBRI REAL ESTATE FL Salesperson READINESS ASSESSMENT GUIDE Q & S 2025/2026

1. When considering land use controls and regulations, which
entity is typically responsible for zoning ordinances?
 A) Homeowners' association
 B) Municipal government
 C) State government
 D) Federal government
 Correct Answer: B) Municipal government
2. In the context of fiduciary duties, what does the principle of
'Obedience' require an agent to do?
 A) Follow lawful instructions of the principal
 B) Avoid conflicts of interest
 C) Protect the principal's confidential information
 D) Act in the best interest of the principal
 Correct Answer: A) Follow lawful instructions of the principal
3. Which appraisal method estimates the value of a property based
on the income it generates?
 A) Sales comparison approach
 B) Cost approach