4/22/25, 12:23 PM Colorado Summary Exam 3
COLORADO SUMMARY ACTUAL EXAM 3 LATEST VERSION
WITH UPDATED 74 QUESTIONS AND ACCURATE
DETAILED ANSWERS \COMPLETE EXAM WITH VERIFIED
ANSWERS ALREADY GRADED A+
Terms in this set (74)
When a buyer of The buyer shall, prior to closing, complete a change
residential real estate of ownership for the well
enters into a transaction
that results in the transfer
of ownership of a small
capacity well
1. The seller must, prior to
closing, have the well
inspected by a
professional well expert
2. The buyer shall, prior to
closing, complete a
change of ownership for
the well
3. The buyer must, prior to
closing, have the well
inspected by a
professional well expert
4. The buyer must file the
form with the division
prior to closing
/ 1/40
,4/22/25, 12:23 PM Colorado Summary Exam 3
Earnest money held in a Buyer and Seller
broker's escrow account is
held on behalf of:
1. Broker
2. Buyer
3. Buyer and Seller
4. Seller
/ 2/40
,4/22/25, 12:23 PM Colorado Summary Exam 3
The Real Estate Both 1 and 2 are correct
Commission has the
power to investigate a
licensee's activities
______________.
1. If a complaint is filed
2. Upon its own motion
3. If a law is broken
4. Both 1 and 2 are correct
If a buyer chooses not to Note that fact on a copy of the document and retain it
sign a disclosure in the transaction file
document the broker will:
1. Note that fact on a copy
of the document and
retain it in the transaction
file
2. Inform the buyer that
they must sign the
disclosure under
Colorado license law
3. advise the buyer the
broker may not show the
property until the buyer
signs
4. refer the buyer to a
buyer's agent
/ 3/40
, 4/22/25, 12:23 PM Colorado Summary Exam 3
Any broker using a Broker's name, as registered with the real estate
franchise or trade name commission
owned by another on "for
sale" signs on specific
property shall clearly and
unmistakably include the:
1. Phone number of the
real estate company
2. Broker's name, as
registered with the real
estate commission
3. Name of the real estate
firm in print larger than
that of the listing licensee
4. Name and phone
number of the listing
licensee
Under the "Insurability" buyer determines that the insurance is not satisfactory
clause of the Contract to
Buy and Sell Real Estate, a
buyer may submit written
notice to seller and cause
the contract to terminate
without penalty if the:
1. insurance company
denies insurance coverage
2. buyer determines that
the insurance is not
satisfactory
3. Buyer has first obtained
at least 3 insurance
estimates
4. Buyer proves the
premium was excessive
/ 4/40
COLORADO SUMMARY ACTUAL EXAM 3 LATEST VERSION
WITH UPDATED 74 QUESTIONS AND ACCURATE
DETAILED ANSWERS \COMPLETE EXAM WITH VERIFIED
ANSWERS ALREADY GRADED A+
Terms in this set (74)
When a buyer of The buyer shall, prior to closing, complete a change
residential real estate of ownership for the well
enters into a transaction
that results in the transfer
of ownership of a small
capacity well
1. The seller must, prior to
closing, have the well
inspected by a
professional well expert
2. The buyer shall, prior to
closing, complete a
change of ownership for
the well
3. The buyer must, prior to
closing, have the well
inspected by a
professional well expert
4. The buyer must file the
form with the division
prior to closing
/ 1/40
,4/22/25, 12:23 PM Colorado Summary Exam 3
Earnest money held in a Buyer and Seller
broker's escrow account is
held on behalf of:
1. Broker
2. Buyer
3. Buyer and Seller
4. Seller
/ 2/40
,4/22/25, 12:23 PM Colorado Summary Exam 3
The Real Estate Both 1 and 2 are correct
Commission has the
power to investigate a
licensee's activities
______________.
1. If a complaint is filed
2. Upon its own motion
3. If a law is broken
4. Both 1 and 2 are correct
If a buyer chooses not to Note that fact on a copy of the document and retain it
sign a disclosure in the transaction file
document the broker will:
1. Note that fact on a copy
of the document and
retain it in the transaction
file
2. Inform the buyer that
they must sign the
disclosure under
Colorado license law
3. advise the buyer the
broker may not show the
property until the buyer
signs
4. refer the buyer to a
buyer's agent
/ 3/40
, 4/22/25, 12:23 PM Colorado Summary Exam 3
Any broker using a Broker's name, as registered with the real estate
franchise or trade name commission
owned by another on "for
sale" signs on specific
property shall clearly and
unmistakably include the:
1. Phone number of the
real estate company
2. Broker's name, as
registered with the real
estate commission
3. Name of the real estate
firm in print larger than
that of the listing licensee
4. Name and phone
number of the listing
licensee
Under the "Insurability" buyer determines that the insurance is not satisfactory
clause of the Contract to
Buy and Sell Real Estate, a
buyer may submit written
notice to seller and cause
the contract to terminate
without penalty if the:
1. insurance company
denies insurance coverage
2. buyer determines that
the insurance is not
satisfactory
3. Buyer has first obtained
at least 3 insurance
estimates
4. Buyer proves the
premium was excessive
/ 4/40
