4/22/25, 12:23 PM Colorado Summary Exam 2
COLORADO SUMMARY ACTUAL EXAM 2 LATEST VERSION
WITH UPDATED QUESTIONS AND ACCURATE DETAILED
ANSWERS \COMPLETE EXAM WITH VERIFIED ANSWERS
ALREADY GRADED A+
Terms in this set (87)
Which of the following 3. Blank spaces in the form may be filled in prior to
statements negotiations between the principal parties of the
concerning brokers using
transaction
computer-
generated contract forms is
INCORRECT:
1. Commission approved
language must be
reproduced exactly as is.
2. Software program security
must be
capable of preventing basic
language from being
inadvertently changed or
deleted.
3. Blank spaces in the form
may be filled in prior to
negotiations between the
principal parties of the
transaction
4. Contract provisions must
be contained in a properly
identified addendum and
not within "Additional
Provisions" unless they
are transaction specific.
/ 1/20
,4/22/25, 12:23 PM Colorado Summary Exam 2
The Director of the Real Estate 2. Sole proprietor
Commission may NOT issue
a temporary license to
prevent hardship to a:
1. Partnership
2. Sole proprietor
3. Corporation
4. Limited Liability Company
A Change of Status form is at the time the brokerage relationship changes from agency to
used: transaction-broker
The brokerage relationship No one but the designated broker
established between the seller
& designated broker extends
to:
A signed listing contract does 1. Sign for the seller to facilitate the sale of the property
NOT grant a Broker the right
to:
1. Sign for the seller to
facilitate the sale of the
property
2. Accept earnest money
deposits pursuant to a
proposed sales contract 3.
Have
agreements with other sellers
to market
and sell their properties 4.
Seek assistance from and
offer compensation to
brokers outside of the
listing company
A licensee with less than 2 Attend closings or assign an experienced licensee to attend or be
years experience can expect available to assist
the employing broker to:
/ 2/20
, 4/22/25, 12:23 PM Colorado Summary Exam 2
Journal and ledger 3. name of the person who wrote the check off the account
documentation of
disbursements from trust
accounts need NOT include:
1. date of payment and check
number
2. amount paid and the
resulting balance
3. name of the person who
wrote the check off the
account
4. vendor documentation or
physical
records verifying purpose of
payment
A deed of trust to a private mortgage
trustee will be treated as a:
The holdover period in the negotiable
Commission- approved
Exclusive Right to Sell
Listing Contract is:
The Commission-approved verify that the physical condition of the property and
Contract to Buy and Sell Real inclusions complies with the sales contract
Estate grants the buyer a
walk-through of the property
to:
After a tenant's lease 60 days
expires, what is the
MAXIMUM length of time a
landlord may hold on to a
tenant's security deposit?
E & O insurance must be in Before an active license can be issued
place:
When legal complications in a an attorney
sales
contract are beyond the
expertise of the broker, the
broker should always seek
assistance from:
If one-half of Colorado real June 16th
property taxes have been
/ 3/20
COLORADO SUMMARY ACTUAL EXAM 2 LATEST VERSION
WITH UPDATED QUESTIONS AND ACCURATE DETAILED
ANSWERS \COMPLETE EXAM WITH VERIFIED ANSWERS
ALREADY GRADED A+
Terms in this set (87)
Which of the following 3. Blank spaces in the form may be filled in prior to
statements negotiations between the principal parties of the
concerning brokers using
transaction
computer-
generated contract forms is
INCORRECT:
1. Commission approved
language must be
reproduced exactly as is.
2. Software program security
must be
capable of preventing basic
language from being
inadvertently changed or
deleted.
3. Blank spaces in the form
may be filled in prior to
negotiations between the
principal parties of the
transaction
4. Contract provisions must
be contained in a properly
identified addendum and
not within "Additional
Provisions" unless they
are transaction specific.
/ 1/20
,4/22/25, 12:23 PM Colorado Summary Exam 2
The Director of the Real Estate 2. Sole proprietor
Commission may NOT issue
a temporary license to
prevent hardship to a:
1. Partnership
2. Sole proprietor
3. Corporation
4. Limited Liability Company
A Change of Status form is at the time the brokerage relationship changes from agency to
used: transaction-broker
The brokerage relationship No one but the designated broker
established between the seller
& designated broker extends
to:
A signed listing contract does 1. Sign for the seller to facilitate the sale of the property
NOT grant a Broker the right
to:
1. Sign for the seller to
facilitate the sale of the
property
2. Accept earnest money
deposits pursuant to a
proposed sales contract 3.
Have
agreements with other sellers
to market
and sell their properties 4.
Seek assistance from and
offer compensation to
brokers outside of the
listing company
A licensee with less than 2 Attend closings or assign an experienced licensee to attend or be
years experience can expect available to assist
the employing broker to:
/ 2/20
, 4/22/25, 12:23 PM Colorado Summary Exam 2
Journal and ledger 3. name of the person who wrote the check off the account
documentation of
disbursements from trust
accounts need NOT include:
1. date of payment and check
number
2. amount paid and the
resulting balance
3. name of the person who
wrote the check off the
account
4. vendor documentation or
physical
records verifying purpose of
payment
A deed of trust to a private mortgage
trustee will be treated as a:
The holdover period in the negotiable
Commission- approved
Exclusive Right to Sell
Listing Contract is:
The Commission-approved verify that the physical condition of the property and
Contract to Buy and Sell Real inclusions complies with the sales contract
Estate grants the buyer a
walk-through of the property
to:
After a tenant's lease 60 days
expires, what is the
MAXIMUM length of time a
landlord may hold on to a
tenant's security deposit?
E & O insurance must be in Before an active license can be issued
place:
When legal complications in a an attorney
sales
contract are beyond the
expertise of the broker, the
broker should always seek
assistance from:
If one-half of Colorado real June 16th
property taxes have been
/ 3/20
