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

Colibri Boston Real Estate Salesperson Final Assessment (Qns & Ans) 2026
1. Which of the following is NOT a component of the risk
management process?
 a) Risk identification
 b) Risk analysis
 c) Risk transference
 d) Risk cancellation
 Correct ANS: d) Risk cancellation
2. In real estate transactions, which risk management strategy
involves distributing the risk among multiple parties?
 a) Risk avoidance
 b) Risk acceptance
 c) Risk transference
 d) Risk retention
 Correct ANS: c) Risk transference
3. The primary purpose of obtaining Errors and Omissions
(E&O) insurance is to:
 a) Cover legal fees in all situations 

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