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COLIBRI REAL ESTATE Salesperson READINESS ASSESSMENT GUIDE Q & S 2026/2027
1. In South Carolina, which of the following is a legal method for
describing real property?
A) Street address
B) Tax map key number
C) Metes and bounds
D) Property's color
Correct Answer: C) Metes and bounds
2. A fiduciary duty requires a real estate agent to disclose which of
the following to their client?
A) Their commission rate
B) All received offers
C) Personal financial interest in the property
D) Their personal opinion on the property value
Correct Answer: B) All received offers
3. Which appraisal method would be most appropriate for valuing
a unique property with no comparable sales?
A) Sales comparison approach
B) Cost approach
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