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

AND 100% CORRECT ANSWERS | LATEST


Who of the following is exempt from real estate license law? - ANSWER-
B B B B B B B B B B B B



Investors who own 12 investment properties and sell one to an owner-occupant
B B B B B B B B B B B




The purpose of the CRE Commission is to... - ANSWER-
B B B B B B B B B



Protect the public of the state of CO in real estate matters
B B B B B B B B B B B




If a broker is accused of a violation of license law in a complaint to the commission investigativ
B B B B B B B B B B B B B B B B B



e staff and its determined that the violation probably happened, the commission... - ANSWER-
B B B B B B B B B B B B B



May decide to refer the matter to a hearing before an appointed administrative law jud
B B B B B B B B B B B B B B



ge



If judge finds broker in violation, penalties include public censure, license suspension, license r
B B B B B B B B B B B B B



evocation or fine of no more than $2,500.
B B B B B B B




Commission doesn't have authority to determine damages or order restitution.
B B B B B B B B B




The real estate commission must investigate... - ANSWER-
B B B B B B B



Any verified written complaint.
B B B




The commission doesn't deal with disputes b/t brokers.
B B B B B B B




In order to be the broker of record for a corporation, a person must hold... - ANSWER-
B B B B B B B B B B B B B B B B



A valid active CO broker's license.
B B B B B




In March 2001, the law removed the requirement for ownership and office/director status.
B B B B B B B B B B B B




1
Wicky

, In the event that the employing broker of a corporate brokerage is suddenly unable to continu
B B B B B B B B B B B B B B B



e in that position, the commission may issue a temporary "hardship" license to any.... -
B B B B B B B B B B B B B B



B ANSWER- CO licensee approved by the corporate board of directors.
B B B B B B B B B




Licensee can either be a broker or a salesperson.
B B B B B B B B




Sole proprietorship has no business entity and much rehire all employed licensees and renego
B B B B B B B B B B B B B



tiate all listings. B B




When the employing broker changes the primary business address... - ANSWER-
B B B B B B B B B B



The broker must notify the commission in a manner acceptable to the commission or t
B B B B B B B B B B B B B B



he brokerage license will become inactive.
B B B B B B




If a broker fails to notify the commission, all licensees will become inactive until the change is
B B B B B B B B B B B B B B B B B



made. B




One notification services for the broker and all associated licensees.
B B B B B B B B B




When must CO licenses be renewed? - ANSWER-
B B B B B B B



Every three years on the anniversary of licensing.
B B B B B B B




Errors and omissions professional liability insurance is required.... - ANSWER-
B B B B B B B B B



By every active licensee.
B B B B




Inactive brokers do not need E&O insurance and they cannot conduct any RE activity.
B B B B B B B B B B B B B B




Employing broker business entities must also have coverage independent of the personal cove
B B B B B B B B B B B B



rage for the broker of record.
B B B B B




2
Wicky