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Colorado Real Estate Final Exam
Questions and Answers Latest 2026
According to the Exclusive-Right-To-Sell Listing Contract,
what happens to the earnest money if the buyer defaults?
Ans: BuyerThe seller gets the funds
The journal: Ans: is a chronological record of all receipts
and disbursements made by the broker from the escrow
bank account
Title passes from the grantor to the grantee: Ans: when
the seller signs the warranty deed
When earnest money is withdrawn from the escrow
account and brought to the closing by the agent, the
settlement statement will: Ans: credit buyer, debit broker
When a broker terminates his affiliation with an
employing broker what must be done? Ans: The broker
and the employing broker have joint responsibility to
assure that the real estate commission is notified.
Interest in arrears is charged to the: Ans: seller
Of the following; who is responsible for for an accurate
and complete closing statement Ans: real estate broker
attending closing
© 2025 All rights reserved
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Settlement charges that are typically POC (Paid Outside of
Closing) are: Ans: Appraisal and credit report fees
The payoff of an existing loan appears on a closing
statement as a: Ans: Debit to the seller
Charges for a property survey typically appear on a
closing statement as a: Ans: Debit to the buyer
Mortgage insurance in conjunction with a loan appears
on a closing statement as a: Ans: Debit to the buyer
Loan discount fees are paid by Ans: seller or buyer
If a Seller is in default of the terms of the Contract to Buy
& Sell: Ans: The buyer may cancel or sue for specific
damages
The approved Agreement to Amend/Extend contract
form is used: Ans: To get mutual agreement of the
parties to any change in a deadline
An executory contract is one which: Ans: is yet to be
performed
When an associate broker makes a disclosure using the
Square Footage Disclosure form. The broker is disclosing:
Ans: The methodology and/or source of the
measurements
On The Contract to Buy and Sell Real Estate, if the buyer
is in default and the seller remedy is specific
© 2025 All rights reserved
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performance: Ans: The seller gets the earnest money and
may sue
According to Rule F on Commission Approved Contracts
what sections may be omitted from the Contract to Buy
and Sell Real Estate: Ans: Non-applicable financing
conditions
Which form should not be used to disclose your
brokerage relationship: Ans: Definitions of Working
Relationships
The day before the New Loan Terms Deadline the lender
informed the buyers that the interest rate had risen ¼%.
The buyers Ans: May terminate the contract and receive
their earnest money back
The contract to Buy and Sell Real Estate has a Dates and
Deadlines section. Should these dates be ignored: Ans:
The Time of Essence clause would come into effect
The Agreement to Amend\Extend is used to change the
terms of: Ans: an accepted purchase and sale contract
Which of the following is not an approved form or
contract: Ans: Property Management Agreemen
If an FHA or VA appraisal comes in less than the
purchase price of a home, a buyer Ans: Can terminate the
contract and get earnest money back
© 2025 All rights reserved
Colorado Real Estate Final Exam
Questions and Answers Latest 2026
According to the Exclusive-Right-To-Sell Listing Contract,
what happens to the earnest money if the buyer defaults?
Ans: BuyerThe seller gets the funds
The journal: Ans: is a chronological record of all receipts
and disbursements made by the broker from the escrow
bank account
Title passes from the grantor to the grantee: Ans: when
the seller signs the warranty deed
When earnest money is withdrawn from the escrow
account and brought to the closing by the agent, the
settlement statement will: Ans: credit buyer, debit broker
When a broker terminates his affiliation with an
employing broker what must be done? Ans: The broker
and the employing broker have joint responsibility to
assure that the real estate commission is notified.
Interest in arrears is charged to the: Ans: seller
Of the following; who is responsible for for an accurate
and complete closing statement Ans: real estate broker
attending closing
© 2025 All rights reserved
, 2 | Page
Settlement charges that are typically POC (Paid Outside of
Closing) are: Ans: Appraisal and credit report fees
The payoff of an existing loan appears on a closing
statement as a: Ans: Debit to the seller
Charges for a property survey typically appear on a
closing statement as a: Ans: Debit to the buyer
Mortgage insurance in conjunction with a loan appears
on a closing statement as a: Ans: Debit to the buyer
Loan discount fees are paid by Ans: seller or buyer
If a Seller is in default of the terms of the Contract to Buy
& Sell: Ans: The buyer may cancel or sue for specific
damages
The approved Agreement to Amend/Extend contract
form is used: Ans: To get mutual agreement of the
parties to any change in a deadline
An executory contract is one which: Ans: is yet to be
performed
When an associate broker makes a disclosure using the
Square Footage Disclosure form. The broker is disclosing:
Ans: The methodology and/or source of the
measurements
On The Contract to Buy and Sell Real Estate, if the buyer
is in default and the seller remedy is specific
© 2025 All rights reserved
, 3 | Page
performance: Ans: The seller gets the earnest money and
may sue
According to Rule F on Commission Approved Contracts
what sections may be omitted from the Contract to Buy
and Sell Real Estate: Ans: Non-applicable financing
conditions
Which form should not be used to disclose your
brokerage relationship: Ans: Definitions of Working
Relationships
The day before the New Loan Terms Deadline the lender
informed the buyers that the interest rate had risen ¼%.
The buyers Ans: May terminate the contract and receive
their earnest money back
The contract to Buy and Sell Real Estate has a Dates and
Deadlines section. Should these dates be ignored: Ans:
The Time of Essence clause would come into effect
The Agreement to Amend\Extend is used to change the
terms of: Ans: an accepted purchase and sale contract
Which of the following is not an approved form or
contract: Ans: Property Management Agreemen
If an FHA or VA appraisal comes in less than the
purchase price of a home, a buyer Ans: Can terminate the
contract and get earnest money back
© 2025 All rights reserved
