COLORADO REAL ESTATE EXAM PREP
Annual plantings are generally considered to be: - ANSWER- personal property
Designated brokerage does not include what? - ANSWER- A Real Estate Brokerage firm
that consists of only 1 licensed natural person.
Unless otherwise agreed, all earnest money shall be deposited in the brokers escrow or trust
account not later than when? - ANSWER- 3 days after the broker received notice of
acceptance of a sales contract.
A listing licensee is responsible for accurately representing what? - ANSWER- The
source of the square footage.
In a buyer-agent situation, what responsibilities does the principal have to the agent? -
ANSWER- He may have to pay a commission.
The effort that brings about the desired result in a real estate sale is known as: - ANSWER-
procuring cause
When a broker signs the broker acknowledgment at the end of the residential contract to
buy/sell, the broker is acknowledging what? - ANSWER- receipt of the earnest money
deposit.
Building a $200,000 home in a neighborhood where other homes were valued at $100,000
would cause the new home to suffer a loss in value according to the principle of: - ANSWER-
regression
Annual plantings are generally considered to be: - ANSWER- personal property
Designated brokerage does not include what? - ANSWER- A Real Estate Brokerage firm
that consists of only 1 licensed natural person.
Unless otherwise agreed, all earnest money shall be deposited in the brokers escrow or trust
account not later than when? - ANSWER- 3 days after the broker received notice of
acceptance of a sales contract.
A listing licensee is responsible for accurately representing what? - ANSWER- The
source of the square footage.
In a buyer-agent situation, what responsibilities does the principal have to the agent? -
ANSWER- He may have to pay a commission.
The effort that brings about the desired result in a real estate sale is known as: - ANSWER-
procuring cause
When a broker signs the broker acknowledgment at the end of the residential contract to
buy/sell, the broker is acknowledging what? - ANSWER- receipt of the earnest money
deposit.
Building a $200,000 home in a neighborhood where other homes were valued at $100,000
would cause the new home to suffer a loss in value according to the principle of: - ANSWER-
regression
