Colibri Alabama Real Estate Salesperson Final Assessment (Qns & Ans) 2026

Colibri Alabama Real Estate Salesperson Final Assessment (Qns & Ans) 2026

1. Which of the following is a key component of risk
management in real estate transactions?
 - A. Market research
 - B. Identifying potential risks and implementing strategies to
mitigate them
 - C. Developing new software applications
 - D. Conducting open houses
 - ANS: B
2. What is the primary purpose of obtaining errors and omissions
(E&O) insurance for real estate professionals?
 - A. To cover property damage
 - B. To protect against claims of negligence or inadequate work
 - C. To manage daily business operations
 - D. To conduct market research
 - ANS: B
 Contract Law
3. Which of the following elements is essential for a valid real
estate contract? 

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