COLIBRI REAL ESTATE IL Salesperson READINESS ASSESSMENT GUIDE Q & S 2026/2027

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