COLORADO REAL ESTATE MAIN EXAMINATION 2026
EXAM QUESTIONS AND SOLUTIONS RATED A+
✔✔What brokerage relationship is default if nothing is selected - ✔✔Transaction broker
✔✔What is the implemented that requires that brokers disclose in writing the types of
relationships - ✔✔Rule E-35
✔✔What duties does an agent owe - ✔✔OLD CAR - Obedience, Loyalty, Disclosure,
Confidentiality, Accounting, Reasonable Skill and Care
✔✔What duties does a transaction broker owe - ✔✔DCAR - Diclosure, Confidentiality,
Accounting, Reasonable Skill and Care
✔✔Conway Bogue - ✔✔Gave the right for brokers to practice limited law
✔✔True or false: in Conway Bogue it states that there can be a fee for processing
documents added on the normal commission fees - ✔✔False: no additional fees are
allowed
✔✔Broker appoint title companies as their scrivners to complete these legal documents
according to what - ✔✔Conway Bogue
✔✔What does Rule F not apply to - ✔✔New homes with warranties
✔✔Which Rule requires a definite fate for termination of a listing - ✔✔Rule E 11
✔✔What is a material fact - ✔✔anything that could change a buyers mind if they had
known
✔✔Things that make a property stigmatized (cant disclose unless have written
permission from the seller) - ✔✔Suicide, Homicide, HIV/Aids
✔✔What is... a period of time negotiated between the parties - ✔✔Hold over period
✔✔What do you put in the exclusions section - ✔✔anything the seller does not want to
sell with the real property
✔✔What states that if the buyer defaults that the brokerage firm and the seller will split
the earnest money - ✔✔Forfeiture of payments
✔✔True or false: In a single party listing the holdover period can be extended -
✔✔False cannot be extended in single party listing
, ✔✔Type of listing where the agent earns a commission for bringing a buyer (FSBO) -
✔✔Single Party Listing
✔✔Brokers should recommend doing what when their are seller concessions are
offered - ✔✔consult a tax advisor
✔✔When is the buyers broker obligated to deliver the earnest money to the listing agent
- ✔✔Immediately upon acceptance of the offer
✔✔Who pays the cost of the appraisal - ✔✔Cost in negotiated
✔✔Who pays for and chooses the title company - ✔✔Negotiated - the one who picks,
pays
✔✔True or false: the buyer may request an owners extended coverage (OEC) policy,
which would include insurance coverage for the six items listed - ✔✔True
✔✔If they buyer is notified that the property is in a special taxing district the buyer may -
✔✔terminate the contract
✔✔Who pays for mediation - ✔✔Split the cost
✔✔Process where the broker deposits the earnest money funds in court and starts a
legal action for the court to decide how the money will be disbursed - ✔✔Interpleading
✔✔When interpleading how long until the buyer and seller will be notified who the
earnest money will be returned to - ✔✔120 days
✔✔True or False: If the seller resides outside of Colorado the closing entity is
responsible for collecting the tax and sending it to the state - ✔✔True
✔✔How long until the earnest money is required to be returned to the buyer after
receipt of Notice to Terminate or other written request - ✔✔5 days
✔✔Closing company is also known as - ✔✔Scrivner
✔✔What agreement is used when the seller is going to stay in the property for 30 days
or less after closing - ✔✔Post Closing Occupancy agreement
✔✔What form is used if problems are found during the inspection - ✔✔Inspection
Objection
EXAM QUESTIONS AND SOLUTIONS RATED A+
✔✔What brokerage relationship is default if nothing is selected - ✔✔Transaction broker
✔✔What is the implemented that requires that brokers disclose in writing the types of
relationships - ✔✔Rule E-35
✔✔What duties does an agent owe - ✔✔OLD CAR - Obedience, Loyalty, Disclosure,
Confidentiality, Accounting, Reasonable Skill and Care
✔✔What duties does a transaction broker owe - ✔✔DCAR - Diclosure, Confidentiality,
Accounting, Reasonable Skill and Care
✔✔Conway Bogue - ✔✔Gave the right for brokers to practice limited law
✔✔True or false: in Conway Bogue it states that there can be a fee for processing
documents added on the normal commission fees - ✔✔False: no additional fees are
allowed
✔✔Broker appoint title companies as their scrivners to complete these legal documents
according to what - ✔✔Conway Bogue
✔✔What does Rule F not apply to - ✔✔New homes with warranties
✔✔Which Rule requires a definite fate for termination of a listing - ✔✔Rule E 11
✔✔What is a material fact - ✔✔anything that could change a buyers mind if they had
known
✔✔Things that make a property stigmatized (cant disclose unless have written
permission from the seller) - ✔✔Suicide, Homicide, HIV/Aids
✔✔What is... a period of time negotiated between the parties - ✔✔Hold over period
✔✔What do you put in the exclusions section - ✔✔anything the seller does not want to
sell with the real property
✔✔What states that if the buyer defaults that the brokerage firm and the seller will split
the earnest money - ✔✔Forfeiture of payments
✔✔True or false: In a single party listing the holdover period can be extended -
✔✔False cannot be extended in single party listing
, ✔✔Type of listing where the agent earns a commission for bringing a buyer (FSBO) -
✔✔Single Party Listing
✔✔Brokers should recommend doing what when their are seller concessions are
offered - ✔✔consult a tax advisor
✔✔When is the buyers broker obligated to deliver the earnest money to the listing agent
- ✔✔Immediately upon acceptance of the offer
✔✔Who pays the cost of the appraisal - ✔✔Cost in negotiated
✔✔Who pays for and chooses the title company - ✔✔Negotiated - the one who picks,
pays
✔✔True or false: the buyer may request an owners extended coverage (OEC) policy,
which would include insurance coverage for the six items listed - ✔✔True
✔✔If they buyer is notified that the property is in a special taxing district the buyer may -
✔✔terminate the contract
✔✔Who pays for mediation - ✔✔Split the cost
✔✔Process where the broker deposits the earnest money funds in court and starts a
legal action for the court to decide how the money will be disbursed - ✔✔Interpleading
✔✔When interpleading how long until the buyer and seller will be notified who the
earnest money will be returned to - ✔✔120 days
✔✔True or False: If the seller resides outside of Colorado the closing entity is
responsible for collecting the tax and sending it to the state - ✔✔True
✔✔How long until the earnest money is required to be returned to the buyer after
receipt of Notice to Terminate or other written request - ✔✔5 days
✔✔Closing company is also known as - ✔✔Scrivner
✔✔What agreement is used when the seller is going to stay in the property for 30 days
or less after closing - ✔✔Post Closing Occupancy agreement
✔✔What form is used if problems are found during the inspection - ✔✔Inspection
Objection
