Page |1
Colorado Real Estate Questions and
Correct Answers/ Latest Update / Already
Graded
fixture
Ans: a physical item that is permanently attached to a
property, such as a house or its grounds. they are considered
real property, as opposed to personal property, and are
included in the property's value when calculating things like
property tax.
deed restriction
Ans: shows how a property can be used, and it's attached to
the property, lot, or community checks the record. It will not
find unrecorded liens. Encroachments are detected by a survey.
encroachment
Ans: extends over adjoining lot lines (NOT revealed in title
search, ONLY physical inspection)
Suit to Quiet Title
Ans: resolves all claims/encumbrances or 'clouds' on title
All rights reserved © 2025/ 2026 |
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Mortgagee's Title Insurance Policy
Ans: Title insurance required by the lender and paid for by the
buyer
common elements in a condo are owned by
Ans: all current owners as tenants in common
conveyance
Ans: when a deed is delivered and accepted (TRANSFERING)
real property rights
Ans: ownership rights, land rights, & gov rights
any deed
Ans: would convey an owner's interest in real property
executory
Ans: a contract that has not yet been fully performed
All rights reserved © 2025/ 2026 |
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setback restriction
Ans: zoning may include limitations for a buildings position on
the lot
Fee simple absolute
Ans: estate terminates upon death. offers maximum rights in
real estate. a form of freehold, meaning that the grantee holds
ownership over the land with no restrictions (thus being
absolute) and may use the land as they desire
lease
Ans: a contract that conveys the right to quiet enjoyment and
use of property but does not convey title is a
lien
Ans: a claim against real property to secure repayment of a
debt OR a mortgage or deed of trust recorded against real
property to secure the repayment of a debt
encumbrance
Ans: a claim made by a non-owner that restricts how a
property can be used
All rights reserved © 2025/ 2026 |
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liquidated damage
Ans: a provision in an agreement provides for a buyer to owe a
specified amount of money to a seller in the event the buyer
breaches the contract
estate for years
Ans: a leasehold estate with a definite expiration date that
requires no notice
Seller, Buyer & (Often) Brokers Signatures
Ans: disclosure forms require these signatures
RESPA Rules
Ans: (Real Estate Settlement Procedures Act) allow real estate
brokers to pay referral fees to any other real estate brokers. all
entities involved in real estate must follow
Colorado must:
Ans: (Conway-Bogue) Require brokers to use standard and
approved forms.
All rights reserved © 2025/ 2026 |
Colorado Real Estate Questions and
Correct Answers/ Latest Update / Already
Graded
fixture
Ans: a physical item that is permanently attached to a
property, such as a house or its grounds. they are considered
real property, as opposed to personal property, and are
included in the property's value when calculating things like
property tax.
deed restriction
Ans: shows how a property can be used, and it's attached to
the property, lot, or community checks the record. It will not
find unrecorded liens. Encroachments are detected by a survey.
encroachment
Ans: extends over adjoining lot lines (NOT revealed in title
search, ONLY physical inspection)
Suit to Quiet Title
Ans: resolves all claims/encumbrances or 'clouds' on title
All rights reserved © 2025/ 2026 |
, Page |2
Mortgagee's Title Insurance Policy
Ans: Title insurance required by the lender and paid for by the
buyer
common elements in a condo are owned by
Ans: all current owners as tenants in common
conveyance
Ans: when a deed is delivered and accepted (TRANSFERING)
real property rights
Ans: ownership rights, land rights, & gov rights
any deed
Ans: would convey an owner's interest in real property
executory
Ans: a contract that has not yet been fully performed
All rights reserved © 2025/ 2026 |
, Page |3
setback restriction
Ans: zoning may include limitations for a buildings position on
the lot
Fee simple absolute
Ans: estate terminates upon death. offers maximum rights in
real estate. a form of freehold, meaning that the grantee holds
ownership over the land with no restrictions (thus being
absolute) and may use the land as they desire
lease
Ans: a contract that conveys the right to quiet enjoyment and
use of property but does not convey title is a
lien
Ans: a claim against real property to secure repayment of a
debt OR a mortgage or deed of trust recorded against real
property to secure the repayment of a debt
encumbrance
Ans: a claim made by a non-owner that restricts how a
property can be used
All rights reserved © 2025/ 2026 |
, Page |4
liquidated damage
Ans: a provision in an agreement provides for a buyer to owe a
specified amount of money to a seller in the event the buyer
breaches the contract
estate for years
Ans: a leasehold estate with a definite expiration date that
requires no notice
Seller, Buyer & (Often) Brokers Signatures
Ans: disclosure forms require these signatures
RESPA Rules
Ans: (Real Estate Settlement Procedures Act) allow real estate
brokers to pay referral fees to any other real estate brokers. all
entities involved in real estate must follow
Colorado must:
Ans: (Conway-Bogue) Require brokers to use standard and
approved forms.
All rights reserved © 2025/ 2026 |
