COLORADO STATE PSI EXAM- UPDATED QUESTIONS
WITH ALL CORRECT & VERIFIED ANSWERS
1. Security deposits must be returned within Depending on the state, the
land-
lord may be required to return
the security deposit within 30
days of the lease's termination,
or 60 days with an extension.
2. To sell timeshare in Colorado an individual must To sell timeshares in
Colorado, an
have individual must have a real estate
timeshare license.
3. which of the following transfer of creditworthy
property pro- visions is NOT found in the
Colorado Real Estate approved trust
deed?
administrative law judge
4. the real estate commission may refer
serious complaints to
Bill of sale
5. Personal property in the colorado real
estate commission approved contract to
buy and sell real estate is conveyed by
mean of a
6. The buyer and seller in each Colorado real estate Settlement
statement
sales transaction must both be furnished at
clos- ing with a
7. Which of the following statements does comply with
not ap- ply to the use of computer- which of the
generated forms in Colorado? following
requirments.
8. Computer generated forms must shall
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17
, COLORADO STATE PSI EXAM- UPDATED QUESTIONS
WITH ALL CORRECT & VERIFIED ANSWERS
Blank spaces on forms may be com- pleted by the broker prior to
nego- tiation
The Colorado Real Estate Commis- sion-approved language must
be reproduced exactly.
2/
17
, COLORADO STATE PSI EXAM- UPDATED QUESTIONS
WITH ALL CORRECT & VERIFIED ANSWERS
9. In the colorado real estate commission approved A local person
check.
contract to buy and sell real estate the
amount due at closing mau not be paid
by
10. the colorado real estate commission approved li- acts as agent for the
buyer in real
censees buy out addendum MUST be used when estate transaction
11. which of the following courses would MOST like- marketing course
provided by em-
ly qualify towards the hours of elective ploying broker
course work needed to meet continuing
education re- quirements
12. Which of the following taxes are local transfer taxes
relevant to all COLORADO residential real
estate transactions?
13. the mediation clause in the approved in the Con- Share equally in the cost
of a medi-
tract to buy and sell real estate requires the buy- ator:
er and seller to
14. an employing brokers reasonable supverision in- having each license
you received,
clude read, and a copy of the written pol-
s icy
15. When forms of a sales contract other than those the broker representing
one of the
approved by the Colorado real estate 16. Which of the
commis- sions are used in transaction, following
they may be pre- pared by requires an
3/
17
WITH ALL CORRECT & VERIFIED ANSWERS
1. Security deposits must be returned within Depending on the state, the
land-
lord may be required to return
the security deposit within 30
days of the lease's termination,
or 60 days with an extension.
2. To sell timeshare in Colorado an individual must To sell timeshares in
Colorado, an
have individual must have a real estate
timeshare license.
3. which of the following transfer of creditworthy
property pro- visions is NOT found in the
Colorado Real Estate approved trust
deed?
administrative law judge
4. the real estate commission may refer
serious complaints to
Bill of sale
5. Personal property in the colorado real
estate commission approved contract to
buy and sell real estate is conveyed by
mean of a
6. The buyer and seller in each Colorado real estate Settlement
statement
sales transaction must both be furnished at
clos- ing with a
7. Which of the following statements does comply with
not ap- ply to the use of computer- which of the
generated forms in Colorado? following
requirments.
8. Computer generated forms must shall
1/
17
, COLORADO STATE PSI EXAM- UPDATED QUESTIONS
WITH ALL CORRECT & VERIFIED ANSWERS
Blank spaces on forms may be com- pleted by the broker prior to
nego- tiation
The Colorado Real Estate Commis- sion-approved language must
be reproduced exactly.
2/
17
, COLORADO STATE PSI EXAM- UPDATED QUESTIONS
WITH ALL CORRECT & VERIFIED ANSWERS
9. In the colorado real estate commission approved A local person
check.
contract to buy and sell real estate the
amount due at closing mau not be paid
by
10. the colorado real estate commission approved li- acts as agent for the
buyer in real
censees buy out addendum MUST be used when estate transaction
11. which of the following courses would MOST like- marketing course
provided by em-
ly qualify towards the hours of elective ploying broker
course work needed to meet continuing
education re- quirements
12. Which of the following taxes are local transfer taxes
relevant to all COLORADO residential real
estate transactions?
13. the mediation clause in the approved in the Con- Share equally in the cost
of a medi-
tract to buy and sell real estate requires the buy- ator:
er and seller to
14. an employing brokers reasonable supverision in- having each license
you received,
clude read, and a copy of the written pol-
s icy
15. When forms of a sales contract other than those the broker representing
one of the
approved by the Colorado real estate 16. Which of the
commis- sions are used in transaction, following
they may be pre- pared by requires an
3/
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