COLORADO REAL ESTATE TEST PAPER 2026 QUESTIONS
AND SOLUTIONS RATED A+
✔✔Chattels - ✔✔Items of tangible personal property. As a personal property interest in
real property, a lease is known as a chattel real.
✔✔Metes and Bounds - ✔✔One of three major methods of land description. Used most
often to describe irregular parcels using azimuth and bearing measurements. Metes are
a measure of length and bounds are boundaries.
✔✔How is Personal property to be transferred in a real estate transaction? - ✔✔By Bill
of Sale
✔✔Township - ✔✔A 6 mile-square parcel of land in the Governmental Survey System.
Contains 36 1 mile-square Sections.
✔✔What is section 16 in a township? - ✔✔Designated area for Schools
✔✔Trade Fixture - ✔✔Personal property attached by a commercial tenant to assist in a
trade or business. If the tenant does not remove trade fixtures within a reasonable time
after the lease expires, they become the property of the landlord.
✔✔Annexation - ✔✔The process of affixing or attaching personal property to the real
property so that it becomes a fixture and is considered real property.
✔✔Easement - ✔✔A right to use the land of another for a specific purpose, such as for
a right-of-way or utilities; an incorporeal interest in land because it does not include a
right of possession .
✔✔Broker - ✔✔One who acts as an intermediary on behalf of others for a fee or
commission.
✔✔Associate Licensee - ✔✔A licensed real estate salesperson who is employed by or
associated with the broker to perform brokerage activities on behalf of or for the broker.
✔✔Market - ✔✔A place where goods and services can be bought and sold and a price
established. Whether a specific physical place, or a vast, complex, economic system.
✔✔code of ethics - ✔✔A written system of standards for ethical conduct.
✔✔Real Estate Licensee - ✔✔In real estate practice, a person who has the skills and
knowledge to be licensed as a real estate broker or salesperson.
, ✔✔Sales associate - ✔✔A person who performs real estate activities while employed by
a licensed real estate broker.
✔✔Right-of-Way - ✔✔The right given by one landowner to another to pass over the
land, construct a roadway, or use as a pathway, without actually transferring ownership.
✔✔supply and Demand - ✔✔The appraisal principle that follows the interrelationship of
the supply and demand for real estate. Because appraising is based on economic
concepts, this principle recognizes that real property is subject to the influences of the
marketplace as with any other commodity.
✔✔Appraisal - ✔✔An estimate of the quantity, quality, or value of something. The
process through which conclusions of property value are obtained; also refers to the
report that sets forth the process of estimation and conclusion of value.
✔✔Six Categories of real property - ✔✔Residential, Commercial, Mixed Use, Industrial,
Agricultural, Special Purpose.
✔✔Residential property - ✔✔All property used for single-family or multifamily housing,
whether in urban, suburban, or rural areas.
✔✔Commercial property - ✔✔Business property, including office space, shopping
centers, stores, theaters, hotels, and parking facilities.
✔✔Mixed Use Property - ✔✔property that allows for two uses, commercial and
residential, in the same building.
✔✔Industrial Property - ✔✔Warehouses, factories, land in industrial districts, and power
plants.
✔✔Agricultural Property - ✔✔Farms, timberland, ranches, and orchards.
✔✔Special Purpose Property - ✔✔Privately owned properties, such as places of
worship, schools, and cemeteries, as well as publicly held properties, such as schools,
municipal service buildings, and parks.
✔✔What are the three main markets that real property can be divided into? - ✔✔Buying,
Selling, and Leasing
✔✔Types of Housing - ✔✔Single family attached, Single family detached, Apartment
building, Condominium, Cooperative, Planned unit developments (PUDs) "Master
planned communities", Mixed used developments (MUDs), Converted use properties,
Factory built housing ( manufactured homes and Modular homes).
AND SOLUTIONS RATED A+
✔✔Chattels - ✔✔Items of tangible personal property. As a personal property interest in
real property, a lease is known as a chattel real.
✔✔Metes and Bounds - ✔✔One of three major methods of land description. Used most
often to describe irregular parcels using azimuth and bearing measurements. Metes are
a measure of length and bounds are boundaries.
✔✔How is Personal property to be transferred in a real estate transaction? - ✔✔By Bill
of Sale
✔✔Township - ✔✔A 6 mile-square parcel of land in the Governmental Survey System.
Contains 36 1 mile-square Sections.
✔✔What is section 16 in a township? - ✔✔Designated area for Schools
✔✔Trade Fixture - ✔✔Personal property attached by a commercial tenant to assist in a
trade or business. If the tenant does not remove trade fixtures within a reasonable time
after the lease expires, they become the property of the landlord.
✔✔Annexation - ✔✔The process of affixing or attaching personal property to the real
property so that it becomes a fixture and is considered real property.
✔✔Easement - ✔✔A right to use the land of another for a specific purpose, such as for
a right-of-way or utilities; an incorporeal interest in land because it does not include a
right of possession .
✔✔Broker - ✔✔One who acts as an intermediary on behalf of others for a fee or
commission.
✔✔Associate Licensee - ✔✔A licensed real estate salesperson who is employed by or
associated with the broker to perform brokerage activities on behalf of or for the broker.
✔✔Market - ✔✔A place where goods and services can be bought and sold and a price
established. Whether a specific physical place, or a vast, complex, economic system.
✔✔code of ethics - ✔✔A written system of standards for ethical conduct.
✔✔Real Estate Licensee - ✔✔In real estate practice, a person who has the skills and
knowledge to be licensed as a real estate broker or salesperson.
, ✔✔Sales associate - ✔✔A person who performs real estate activities while employed by
a licensed real estate broker.
✔✔Right-of-Way - ✔✔The right given by one landowner to another to pass over the
land, construct a roadway, or use as a pathway, without actually transferring ownership.
✔✔supply and Demand - ✔✔The appraisal principle that follows the interrelationship of
the supply and demand for real estate. Because appraising is based on economic
concepts, this principle recognizes that real property is subject to the influences of the
marketplace as with any other commodity.
✔✔Appraisal - ✔✔An estimate of the quantity, quality, or value of something. The
process through which conclusions of property value are obtained; also refers to the
report that sets forth the process of estimation and conclusion of value.
✔✔Six Categories of real property - ✔✔Residential, Commercial, Mixed Use, Industrial,
Agricultural, Special Purpose.
✔✔Residential property - ✔✔All property used for single-family or multifamily housing,
whether in urban, suburban, or rural areas.
✔✔Commercial property - ✔✔Business property, including office space, shopping
centers, stores, theaters, hotels, and parking facilities.
✔✔Mixed Use Property - ✔✔property that allows for two uses, commercial and
residential, in the same building.
✔✔Industrial Property - ✔✔Warehouses, factories, land in industrial districts, and power
plants.
✔✔Agricultural Property - ✔✔Farms, timberland, ranches, and orchards.
✔✔Special Purpose Property - ✔✔Privately owned properties, such as places of
worship, schools, and cemeteries, as well as publicly held properties, such as schools,
municipal service buildings, and parks.
✔✔What are the three main markets that real property can be divided into? - ✔✔Buying,
Selling, and Leasing
✔✔Types of Housing - ✔✔Single family attached, Single family detached, Apartment
building, Condominium, Cooperative, Planned unit developments (PUDs) "Master
planned communities", Mixed used developments (MUDs), Converted use properties,
Factory built housing ( manufactured homes and Modular homes).
