COLORADO REAL ESTATE -MISSED AND STUCK EXAM QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|VERIFIED

COLORADO REAL ESTATE -MISSED AND
STUCK EXAM QUESTIONS AND 100%
CORRECT ANSWERS|LATEST
2025/2026|VERIFIED

Which of the following requires the use of the Licensee Buyout Addendum to the contract to B
B B B B B B B B B B B B B B B B



uy & Sell? B B




B 1. A listing associates offer to purchase a listing immediately after it expires
B B B B B B B B B B B B




2. A broker is offering a guarantee as an inducement to list with his company
B B B B B B B B B B B B B B




3. An associate in the brokerage wishes to purchase another associates listing
B B B B B B B B B B B




4. A broker wishes to acquire a property he has listed to use as an investment - ANSWER-
B B B B B B B B B B B B B B B B B



A broker is offering a guarantee as an inducement to list with his company
B B B B B B B B B B B B B




A buyer is assuming a loan and the loan balance has turned out to be less than the assumption
B B B B B B B B B B B B B B B B B B



balance provided by the seller. How would this be handled according to the Residential Contr
B B B B B B B B B B B B B B B



act to Buy and Sell?
B B B B




1. The seller must reduce the price of the property to compensate for the difference.
B B B B B B B B B B B B B B




2. The buyer may terminate the contract by written notice if the difference causes the buyer's
B B B B B B B B B B B B B B B B



cash at closing to increase by a stated amount.
B B B B B B B B




3. The contract is automatically terminated by the seller's misrepresentation.
B B B B B B B B B




4. Depending on how the form is completed, either the buyer may terminate the contract or t
B B B B B B B B B B B B B B B B



he seller could reduce the price to make up for the difference. - ANSWER-
B B B B B B B B B B B B B



The buyer may terminate the contract by written notice if the difference causes the buy
B B B B B B B B B B B B B B



er's cash at closing to increase by a stated amount.
B B B B B B B B B




According to the Licensee Buyout Addendum to the Contract to Buy and Sell, when does respo
B B B B B B B B B B B B B B B



nsibility extend beyond the licensee to the brokerage firm?
B B B B B B B B




1. when the buyout date arrives
B B B B B




1
Wicky

,2. when the buyout is for the personal use of the principal broker
B B B B B B B B B B B B




3. only if the listing associate is unable to perform the buyout
B B B B B B B B B B B




4. If the employing broker signs at the bottom of the addendum - ANSWER-
B B B B B B B B B B B B B



If the employing broker signs at the bottom of the addendum
B B B B B B B B B B




A designated broker's responsibilities are delegated by:
B B B B B B




1. written statement by Managing Broker
B B B B B




2. office manager
B B




3. legislative statute
B B




4. negotiated by buyer and seller - ANSWER-
B B B B B B B written statement by Managing Broker
B B B B




Who can not prepare an addendum to the Contract to Buy and Sell Real Estate?
B B B B B B B B B B B B B B




1. buyer or seller
B B B




2. employing broker's attorney
B B B




3. attorney for buyer
B B B




4. buyer's broker - ANSWER-
B B B B buyer's broker B




Unless the lease states otherwise, how long does a property manager have to return a securit
B B B B B B B B B B B B B B B



y deposit after a lease has expired?
B B B B B B




1. one month
B B




2. 60 days
B B




3. 45 days
B B




4. 6 months - ANSWER-
B B B B one month B




The Colorado Fair Housing Law prohibits discrimination based on:
B B B B B B B B




2
Wicky

, 1. age B




2. occupation
B




3. military status
B B




4. marital status - ANSWER-
B B B B marital status B




A broker representing a seller advertises that she will "rebate" a part of her commission to the
B B B B B B B B B B B B B B B B



buyer at closing. To be legal the broker must:
B B B B B B B B B




1. This is not legal as the buyer is not licensed
B B B B B B B B B B




2. Disclose and get approval from the seller
B B B B B B B




3. Give the seller the same rebate
B B B B B B




4. Disclose and get approval from the buyer's broker - ANSWER-
B B B B B B B B B B



Disclose and get approval from the seller B B B B B B




The furnace breaks down before closing, but after the buyer has taken possession. Who is res
B B B B B B B B B B B B B B B



ponsible for the cost of replacement?
B B B B B




1. Seller
B




2. BuyerB




3. depends on how the appropriate box is checked in the Contract to Buy and Sell
B B B B B B B B B B B B B B B




4. not addressed by the Contract to Buy and Sell - ANSWER-
B B B B B B B B B B B Buyer



When a contract is rejected by the Seller, the seller should:
B B B B B B B B B B




1. not return the contract
B B B B




2. write "rejected" across the front of the contract
B B B B B B B B




3. check the appropriate box and initial on the indicated line
B B B B B B B B B B




3
Wicky