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Colorado Real Estate Exam Prep
Questions and Answers Latest 2026
If a Seller carries back $12,000 at 10 percent interest and
closes on July 9 with the first loan payment due
September 1, the interest on the new loan on the
settlement worksheet will be: Ans: $75.62 Debit Buyer &
Credit Seller
At a minimum an independent broker's written office
policy must identify and describe: Ans: The relationships
offered to the public by such broker
Unless modified, the powers granted in a Colorado
statutory power of attorney for property are Ans: General
in scope
Under which of the following circumstances would a
broker license NOT be placed on inactive status? Ans:
failing to meet your continuing education requirements
The commission will, when becoming aware that a
licensee has failed to maintain possession of transaction
records for a period of four years, Ans: Impose an
administrative fine not to exceed two thousand five
hundred dollars for each separate offense
If the commission finds that a licensee fails to maintain
possession any documents or records regarding a
transaction for a period of 4 years it may do all of the
© 2025 All rights reserved
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following except Ans: impose an administrative fine of
five thousand dollars for each separate offense
A counter offer is used by the seller for all of the
following except Ans: To extend the listing agreement
with the listing broker
The initial license issued to a new broker will expire: Ans:
December 31 of the year of issuance
The "Common Interest Community Governing
Documents" subsection of the residential sales contract
requires the "Governing" and "Financial" documents be
delivered to buyer on or before the title Deadline by the:
Ans: Seller
Whenever money belonging to others has been received
or banking activity has occurred in a trust account, the
account must be reconciled to corresponding brokerage
liabilities on a(n): Ans: Monthly basis
A balance due to seller is a: Ans: Debit Seller; Credit
Broker
Without the informed consent of buyer, a broker acting
as a buyer's agent may disclose that the Buyer Ans: will
be laid off from the job providing the only source of
income two weeks before closing.
In the event of any controversy regarding the earnest
money, the holder of the earnest money shall: Ans: not
be required to take any action but may await any
proceeding
© 2025 All rights reserved
Colorado Real Estate Exam Prep
Questions and Answers Latest 2026
If a Seller carries back $12,000 at 10 percent interest and
closes on July 9 with the first loan payment due
September 1, the interest on the new loan on the
settlement worksheet will be: Ans: $75.62 Debit Buyer &
Credit Seller
At a minimum an independent broker's written office
policy must identify and describe: Ans: The relationships
offered to the public by such broker
Unless modified, the powers granted in a Colorado
statutory power of attorney for property are Ans: General
in scope
Under which of the following circumstances would a
broker license NOT be placed on inactive status? Ans:
failing to meet your continuing education requirements
The commission will, when becoming aware that a
licensee has failed to maintain possession of transaction
records for a period of four years, Ans: Impose an
administrative fine not to exceed two thousand five
hundred dollars for each separate offense
If the commission finds that a licensee fails to maintain
possession any documents or records regarding a
transaction for a period of 4 years it may do all of the
© 2025 All rights reserved
, 2 | Page
following except Ans: impose an administrative fine of
five thousand dollars for each separate offense
A counter offer is used by the seller for all of the
following except Ans: To extend the listing agreement
with the listing broker
The initial license issued to a new broker will expire: Ans:
December 31 of the year of issuance
The "Common Interest Community Governing
Documents" subsection of the residential sales contract
requires the "Governing" and "Financial" documents be
delivered to buyer on or before the title Deadline by the:
Ans: Seller
Whenever money belonging to others has been received
or banking activity has occurred in a trust account, the
account must be reconciled to corresponding brokerage
liabilities on a(n): Ans: Monthly basis
A balance due to seller is a: Ans: Debit Seller; Credit
Broker
Without the informed consent of buyer, a broker acting
as a buyer's agent may disclose that the Buyer Ans: will
be laid off from the job providing the only source of
income two weeks before closing.
In the event of any controversy regarding the earnest
money, the holder of the earnest money shall: Ans: not
be required to take any action but may await any
proceeding
© 2025 All rights reserved
