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COLIBRI REAL ESTATE IL Salesperson READINESS ASSESSMENT GUIDE Q & S 2026/2027
1. When considering land use controls, which of the following is an
example of police power?
A) Eminent domain
B) Escheat
C) Zoning ordinances
D) Deed restrictions
Correct Answer: C) Zoning ordinances
2. In Illinois, which duty is not required of a fiduciary agent?
A) Confidentiality
B) Obedience
C) Accounting
D) Non-discrimination
Correct Answer: D) Non-discrimination
3. Which appraisal method would be most appropriate for valuing
a unique property with few comparable sales?
A) Sales comparison approach
B) Cost approach
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