COLORADO CONTRACTS & REGULATIONS License law (Unit Exam) Questions and Answers 100% Correct

2 - ANSWER-It is possible for the public to get the address and number of a licensee from the Real Estate Commission. 1. False 2. True 1 - ANSWER-A transaction broker may not pay 1. a referral fee to a lender. 2. a co-op fee to another real estate agent. 3. a referral fee to another real estate agent. 4. any of the above. 1 - ANSWER-You can become an employing broker 1. after 2 years and completing additional education. 2. after 4 years and passing an additional test. 3. after 1 year and passing an additional test. 4. after 3 years and passing an additional test. 3 - ANSWER-It is true that the 1. licensees may charge the party for whom the legal documents were prepared. 2. sellers cannot hire an attorney to prepare the deed. 3. licensees must bear the cost of legal documents that the licensee has prepared by attorneys. 4. licensees must prepare all real estate documents for closing.