COLORADO BROKER POST-TEST
QUESTIONS & ANSWERS SOLVED
100% CORRECT!!
1 of
74
Term
After closing, a buyer discovered that a suicide had recently
occurred on the property. The buyer submitted a complaint to the
Colorado Real Estate Commission against the listing broker for
failing to disclose this fact. The Commission will
A)
investigate the complaint, submit it to a hearing, and may revoke the
license of the listing broker.
B)
immediately suspend the license of the broker while awaiting a
,hearing. C)
void the sale and award the buyer money from the Recovery Fund.
D)
dismiss the complaint because stigmatization of property is not
considered a material fact.
Give this one a try
later!
d a
c b
Don't
know?
, 2 of 74
Term
If the buyer and the seller cannot agree on repairs specified by the
buyer following the inspection,
A)
the seller must perform the repairs as
specified. B)
the contract will terminate at midnight on the resolution deadline.
C)
the contract will terminate at midnight on the objection deadline.
D)
the seller is selling "as is," and the buyer should have realized this
before signing a purchase offer.
Give this one a try later!
b d
c a
Don't
know?
3 of 74
Term
Rule F regarding approved forms was developed to
, A)
limit the liability of the real estate
broker. B)
assist attorneys who handle real estate
transactions. C)
assist brokers in their limited right to practice
law. D)
help title insurance companies, which close real estate transactions.
Give this one a try later!
b d
a c
Don't
know?
4 of
74
Term
A broker has been managing an owners association. At the end
of the term of management, the broker must
A)
turn over all original management records and supporting
documentation to the association.
B)
maintain all pertinent records in the broker's files for at least
six years.
C)
QUESTIONS & ANSWERS SOLVED
100% CORRECT!!
1 of
74
Term
After closing, a buyer discovered that a suicide had recently
occurred on the property. The buyer submitted a complaint to the
Colorado Real Estate Commission against the listing broker for
failing to disclose this fact. The Commission will
A)
investigate the complaint, submit it to a hearing, and may revoke the
license of the listing broker.
B)
immediately suspend the license of the broker while awaiting a
,hearing. C)
void the sale and award the buyer money from the Recovery Fund.
D)
dismiss the complaint because stigmatization of property is not
considered a material fact.
Give this one a try
later!
d a
c b
Don't
know?
, 2 of 74
Term
If the buyer and the seller cannot agree on repairs specified by the
buyer following the inspection,
A)
the seller must perform the repairs as
specified. B)
the contract will terminate at midnight on the resolution deadline.
C)
the contract will terminate at midnight on the objection deadline.
D)
the seller is selling "as is," and the buyer should have realized this
before signing a purchase offer.
Give this one a try later!
b d
c a
Don't
know?
3 of 74
Term
Rule F regarding approved forms was developed to
, A)
limit the liability of the real estate
broker. B)
assist attorneys who handle real estate
transactions. C)
assist brokers in their limited right to practice
law. D)
help title insurance companies, which close real estate transactions.
Give this one a try later!
b d
a c
Don't
know?
4 of
74
Term
A broker has been managing an owners association. At the end
of the term of management, the broker must
A)
turn over all original management records and supporting
documentation to the association.
B)
maintain all pertinent records in the broker's files for at least
six years.
C)
