10/24/24, 12:43 PM
Colorado Real Estate Exam With Complete Solution
Terms in this set (74)
Duties of the Colorado Real Estate D) Hearing disputed between brokers.
Commission include all of the following
EXCEPT
A) Investigation of verified written
complaints.
B) Approving errors and omissions carriers.
C) Creating the Annual Commission Update
course each year.
D) Hearing disputes between brokers.
A buyer in a closed transaction has filed a D) Request the agent/broker supply a response in writing.
complaint with the Colorado Real Estate
Commission, claiming the buyer's agent
misrepresented the property. The
Commission, in responding to a complaint,
would
A) Use its subpoena power to request
records from the agent/broker's brokerage
firm.
B) Start a lawsuit on behalf of the buyer.
C) Seize all the brokerage firm's records.
D) Request the agent/broker supply a
response in writing.
Which of the following could a Colorado D) The National Association of REALTORS® ethics course
real estate broker use toward meeting the
12 hours of required elective continuing
education credits?
A) An exam prep class taken to prepare for
the state portion of the licensing exam
B) A brokerage firm's orientation and
personal marketing course
C) Passing the national portion of the
broker licensing exam
Colorado Real Estate Exam
D) The National Association of REALTORS®
ethics course
1/18
,10/24/24, 12:43 PM
Errors and omissions professional liability A) Inactive licensees.
insurance is required for all of the following
EXCEPT
A) Inactive licensees.
B) Active licensees.
C) All license applicants.
D) Employing brokers.
A broker completed all of her required B) Active but may not sell real estate
continuing education, but 15 days after her
anniversary date, she still has not paid
renewal fees for her license. What is the
current status of her license?
A) Inactive and may not sell real estate
B) Active but may not sell real estate
C) Expired
D) Active and may sell real estate if she
pays within 30 days
All of the following are required to have an D) An attorney selling property as part of an estate.
active Colorado real estate license EXCEPT
A) An attorney who lists and sells property
in addition to practicing law.
B) A mortgage broker who helps buyers
find and buy homes.
C) A business opportunity salesperson
selling a franchise with a leasehold estate.
D) An attorney selling property as part of
an estate.
Brokers selling real estate must renew their C) Three years for the license and every year for the errors and omissions insurance.
license and errors and omission insurance
every
A) Three years for the license and every
two years for the errors and omissions
insurance.
B) Year for the license and every three
years for the errors and omissions
insurance.
C) Three years for the license and every
year for the errors and omissions insurance.
D) Three years for the license and every
three years for the errors and omissions
insurance.
A broker associate works for All Star D) Brokerage's name as registered with the Colorado Real Estate Commission.
Realty™. The broker must ensure all
advertising, including social media, has the
A) Firm's trade name at least two times
larger than the brokerage's name.
B) Firm's trade name as registered with the
Department of Revenue.
C) Broker's name and firm's trade name the
same size.
D) Brokerage's name as registered with the
Colorado Real Estate Commission.
Colorado Real Estate Exam
2/18
, 10/24/24, 12:43 PM
A Colorado broker associate referred her B) The fee must be made payable to the brokerage firm.
client to a broker in Florida. The Florida
broker called to tell her that the buyer's
property in Florida will close soon and she
wants to know where to send the referral
fee. Which of the following is TRUE about
this referral fee?
A) The broker associate must deposit the
fee into a trust account for holding until
after closing.
B) The fee must be made payable to the
brokerage firm.
C) The broker associate does not need to
inform anyone of the fee and can deposit it
into her personal account.
D) The broker associate needs to split the
fee 50/50 with the brokerage.
A broker developed a website to advertise D) No need for any additional disclosures
the broker's office with the brokerage's
name, location, and phone number. What
additional information does the broker
need to include?
A) Name and address of the home office
and the states in which the brokerage holds
licenses
B) License number of the brokerage and list
of current active licensees
C) Names of active licensees, addresses,
and phone numbers
D) No need for any additional disclosures
As part of the requirement to supervise all B) Attend, or have a qualified broker attend, all listing appointments, showings, and
associate brokers in the firm, the closings of any newly licensed broker associate for the first month of licensure.
employing broker would be required to do
all of the following EXCEPT
A) Review all real estate contracts brought
to the firm by all associate brokers.
B) Attend, or have a qualified broker attend,
all listing appointments, showings, and
closings of any newly licensed broker
associate for the first month of licensure.
C) Have a written office policy that all
broker associates must sign stating they
have read it and agree to follow it.
D) Give newly licensed broker associates a
higher level of supervision, including being
available or having a qualified broker
available to answer questions.
In Colorado, real estate commissions are D) Between the parties.
negotiated
A) And set first by the Commission and
then between the parties.
B) Between employing brokers.
C) By local groups of brokers.
D) Between the parties.
Colorado Real Estate Exam
3/18
Colorado Real Estate Exam With Complete Solution
Terms in this set (74)
Duties of the Colorado Real Estate D) Hearing disputed between brokers.
Commission include all of the following
EXCEPT
A) Investigation of verified written
complaints.
B) Approving errors and omissions carriers.
C) Creating the Annual Commission Update
course each year.
D) Hearing disputes between brokers.
A buyer in a closed transaction has filed a D) Request the agent/broker supply a response in writing.
complaint with the Colorado Real Estate
Commission, claiming the buyer's agent
misrepresented the property. The
Commission, in responding to a complaint,
would
A) Use its subpoena power to request
records from the agent/broker's brokerage
firm.
B) Start a lawsuit on behalf of the buyer.
C) Seize all the brokerage firm's records.
D) Request the agent/broker supply a
response in writing.
Which of the following could a Colorado D) The National Association of REALTORS® ethics course
real estate broker use toward meeting the
12 hours of required elective continuing
education credits?
A) An exam prep class taken to prepare for
the state portion of the licensing exam
B) A brokerage firm's orientation and
personal marketing course
C) Passing the national portion of the
broker licensing exam
Colorado Real Estate Exam
D) The National Association of REALTORS®
ethics course
1/18
,10/24/24, 12:43 PM
Errors and omissions professional liability A) Inactive licensees.
insurance is required for all of the following
EXCEPT
A) Inactive licensees.
B) Active licensees.
C) All license applicants.
D) Employing brokers.
A broker completed all of her required B) Active but may not sell real estate
continuing education, but 15 days after her
anniversary date, she still has not paid
renewal fees for her license. What is the
current status of her license?
A) Inactive and may not sell real estate
B) Active but may not sell real estate
C) Expired
D) Active and may sell real estate if she
pays within 30 days
All of the following are required to have an D) An attorney selling property as part of an estate.
active Colorado real estate license EXCEPT
A) An attorney who lists and sells property
in addition to practicing law.
B) A mortgage broker who helps buyers
find and buy homes.
C) A business opportunity salesperson
selling a franchise with a leasehold estate.
D) An attorney selling property as part of
an estate.
Brokers selling real estate must renew their C) Three years for the license and every year for the errors and omissions insurance.
license and errors and omission insurance
every
A) Three years for the license and every
two years for the errors and omissions
insurance.
B) Year for the license and every three
years for the errors and omissions
insurance.
C) Three years for the license and every
year for the errors and omissions insurance.
D) Three years for the license and every
three years for the errors and omissions
insurance.
A broker associate works for All Star D) Brokerage's name as registered with the Colorado Real Estate Commission.
Realty™. The broker must ensure all
advertising, including social media, has the
A) Firm's trade name at least two times
larger than the brokerage's name.
B) Firm's trade name as registered with the
Department of Revenue.
C) Broker's name and firm's trade name the
same size.
D) Brokerage's name as registered with the
Colorado Real Estate Commission.
Colorado Real Estate Exam
2/18
, 10/24/24, 12:43 PM
A Colorado broker associate referred her B) The fee must be made payable to the brokerage firm.
client to a broker in Florida. The Florida
broker called to tell her that the buyer's
property in Florida will close soon and she
wants to know where to send the referral
fee. Which of the following is TRUE about
this referral fee?
A) The broker associate must deposit the
fee into a trust account for holding until
after closing.
B) The fee must be made payable to the
brokerage firm.
C) The broker associate does not need to
inform anyone of the fee and can deposit it
into her personal account.
D) The broker associate needs to split the
fee 50/50 with the brokerage.
A broker developed a website to advertise D) No need for any additional disclosures
the broker's office with the brokerage's
name, location, and phone number. What
additional information does the broker
need to include?
A) Name and address of the home office
and the states in which the brokerage holds
licenses
B) License number of the brokerage and list
of current active licensees
C) Names of active licensees, addresses,
and phone numbers
D) No need for any additional disclosures
As part of the requirement to supervise all B) Attend, or have a qualified broker attend, all listing appointments, showings, and
associate brokers in the firm, the closings of any newly licensed broker associate for the first month of licensure.
employing broker would be required to do
all of the following EXCEPT
A) Review all real estate contracts brought
to the firm by all associate brokers.
B) Attend, or have a qualified broker attend,
all listing appointments, showings, and
closings of any newly licensed broker
associate for the first month of licensure.
C) Have a written office policy that all
broker associates must sign stating they
have read it and agree to follow it.
D) Give newly licensed broker associates a
higher level of supervision, including being
available or having a qualified broker
available to answer questions.
In Colorado, real estate commissions are D) Between the parties.
negotiated
A) And set first by the Commission and
then between the parties.
B) Between employing brokers.
C) By local groups of brokers.
D) Between the parties.
Colorado Real Estate Exam
3/18
