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

Colibri West Virginia Real Estate Salesperson Final Assessment (Qns & Ans) 2026
1. Which of the following is the primary purpose of risk
management in real estate?
 A) Improve profitability
 B) Identify potential losses
 C) Increase property value
 D) Enhance marketing strategies
 Correct ANS: B) Identify potential losses
2. What is the term for transferring risk to another party through
a contract?
 A) Avoidance
 B) Mitigation
 C) Insulation
 D) Transfer
 Correct ANS: D) Transfer
3. Which of the following best describes a "hedging" strategy in
real estate investment?
 A) Certainty of profit 

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