COLORADO REAL ESTATE EXAM PREP|QUESTIONS AND 100% CORRECT ANSWERS|2025/2026|GRADED A+

COLORADO REAL ESTATE EXAM
PREP|QUESTIONS AND 100% CORRECT


Title Theory - ANSWER-
B B B lender owns, borrower has equitable title
B B B B B




Hypothecation - ANSWER- B B



pledging property as collateral for a loan without giving up possession
B B B B B B B B B B




Mortgagee - ANSWER- B B Lender



Mortgagor - ANSWER- B B borrower



Non Judicial foreclosure - ANSWER-
B B B B *CO: Public trustee has power to foreclose
B B B B B B B




1.Lender complains 2. Notice given 3. trustee sells after 125 days
B B B B B B B B B B




Strict foreclosure - ANSWER-
B B B No sale. B B




Full legal title given to lender, loss of equity for borrower
B B B B B B B B B B




Judicial foreclosure - ANSWER-
B B B done through courts in *Title Theory states
B B B B B B




Conversion - ANSWER- B B illegal use of entrusted money
B B B B




Comingling - ANSWER- B B mixing client monies or mixing with personal monies
B B B B B B B




Express Agency - ANSWER-
B B B



Actual, formal written agreement establishing terms and conditions
B B B B B B B




1
Wicky

,Gross Income Multiplyer - ANSWER-
B B B B =sale price/gross ANNUAL income
B B B




large rental or commercial property
B B B B




Government deed limitations - ANSWER- B B B B Police power
B




eminent domain B




taxation

escheat



Private deed limitations - ANSWER-
B B B B deed restrictions
B




mortgages

leases

easements



Tennancy at Sufference - ANSWER- B B B B tenant has remained past lease terms
B B B B B B




can be evicted
B B




Township squares - ANSWER- B B B 6x6 mi wide squares
B B B




Periodic Tenancy - ANSWER-B B B No specific duration but notice must be given
B B B B B B B




ex. week to week, month to month
B B B B B B




Tenancy for years - ANSWER-
B B B B specific time limit
B B




no notice to vacate unless written in
B B B B B B




Terminating an estate - ANSWER- B B B B eminent domain B




voluntary alienation B




adverse possession B




2
Wicky

, Eminent domain - ANSWER- B B B



right of government to acquire private property for public use
B B B B B B B B B




Bounds - ANSWER- B B direction



Ranges - ANSWER- B B 6 mi wide strips running north and south
B B B B B B B B




parallel to principal meridians
B B B




Transaction Broker - ANSWER- B B B disclose known defects and material facts
B B B B B




help to explain and understand without prejudice or advise
B B B B B B B B




negotiate sale without representation
B B B




section - ANSWER- B B 640 acresB




1 square mile
B B




36 per township square
B B B




brokerage - ANSWER- B B the business of bringing parties together
B B B B B




negligent misrepresentation - ANSWER-
B B B



broker SHOULD HAVE known and is liable for damages
B B B B B B B B




E and O insurance will cover
B B B B B




township tiers - ANSWER- B B B 6 mi wide strips running east and west parallel to base lines
B B B B B B B B B B B




lien - ANSWER-
B B charge or claim against property to enforce a debt payment
B B B B B B B B B




collateral/security in real estate form B B B B




encumbrance

3
Wicky