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

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

An out-of -
B B



state investor sells a property in Colorado. The closing entity must withhold up to 2 percent of
B B B B B B B B B B B B B B B B B



the - ANSWER-
B B selling price as possible income tax liability
B B B B B B




The Closing Instructions form - ANSWER-
B B B B B must be part of every contract
B B B B B




According to statue, "good funds," include a - ANSWER-
B B B B B B B B



tellers check from savings and loan
B B B B B




All of the following must be disclosed to a tenant by a property manager EXCEPT: - ANSWER-
B B B B B B B B B B B B B B B B



Disclose the name and address of the landlord
B B B B B B B




According to the Contract to Buy and Sell Real Estate - all prorations are: - ANSWER-
B B B B B B B B B B B B B B B



final as of the closing date
B B B B B




Which of these acts could result in license suspension or revocation? - ANSWER-
B B B B B B B B B B B B



Conviction of a forgery crime, Accepting compensation from more than one party in a t
B B B B B B B B B B B B B B



ransaction without full disclosure, Advertising in the name of another broker
B B B B B B B B B B




As per the Contract to Buy/Sell Real Estate Mediation shall terminate in the event the entire di
B B B B B B B B B B B B B B B B



spute is not resolved within how many days of written notice requesting mediation delivered
B B B B B B B B B B B B B B



by one party to the other at the party's last known address? - ANSWER-
B B B B B B B B B B B B B 30 days
B




One of the requirements of a valid deed is that the deed be: - ANSWER-
B B B B B B B B B B B B B B



signed by the grantor B B B




1
Wicky

,The Colorado Real Estate Commission was formed to: - ANSWER-
B B B B B B B B B protect the public B B




A buyer enters into an exclusive right-to-
B B B B B B



buy contract and subsequently submits an offer on a property that is accepted; if the transacti
B B B B B B B B B B B B B B B



on fails, through no fault of the purchaser: - ANSWER-
B B B B B B B B B



the buyer is under no obligation to pay his broker a commission
B B B B B B B B B B B




A loan origination fee appears on a settlement statement as a: - ANSWER-
B B B B B B B B B B B B



Debit to the buyer B B B




It is illegal for a broker to work with both seller and buyer when: - ANSWER-
B B B B B B B B B B B B B B B



the seller is not aware of such action, all parties to the transaction are not aware of suc
B B B B B B B B B B B B B B B B B



h action, the agent collects a commission from both buyer and seller without the knowledge a
B B B B B B B B B B B B B B B



nd consent of both
B B B




Commissions earned by a broker in a real estate sales transaction - ANSWER-
B B B B B B B B B B B B



are determined by agreement of the broker and his or her principal.
B B B B B B B B B B B




When a seller decides to counter an offer presented to him, which is true? - ANSWER-
B B B B B B B B B B B B B B B



Seller should sign only the counter offer
B B B B B B




A broker has an Exclusive Right-to-Buy contract with a principal. Who is to be their customer? -
B B B B B B B B B B B B B B B B



B ANSWER- Seller



What if anything is required by the broker to be included on his/her Web site. - ANSWER-
B B B B B B B B B B B B B B B B



Name of licensee's brokerage firm
B B B B




Regarding delivery of Earnest Money: - ANSWER-
B B B B B B



If other than at the time of tender of this contract it must be delivered no later than the
B B B B B B B B B B B B B B B B B B



B Alternative Earnest Money Deadline B B B




2
Wicky

, In the section on Purchase Price and Terms in a Residential Contract to Buy and Sell, which of t
B B B B B B B B B B B B B B B B B B



he following is true concerning the entry for cash at closing? - ANSWER-
B B B B B B B B B B B B



It does not include the buyer's closing costs, such as loan fees.
B B B B B B B B B B B




Which of the following statements is true concerning agency? - ANSWER-
B B B B B B B B B B



Written agreement establishes agencyB B B




The Colorado Contract to Buy & Sell states that "time is of essence hereof". This statement me
B B B B B B B B B B B B B B B B



ans that: - ANSWER- B B B Dates and deadlines will be strictly interpreted
B B B B B B




When making a counter offer by using the approved Counterproposal form -
B B B B B B B B B B B



how do you change dates? - ANSWER-
B B B B B B B



Change only the dates that needed to be changed
B B B B B B B B




The Colorado Statute of Frauds mandates that - ANSWER-
B B B B B B B B



Contracts for the sale of real estate must be in writing
B B B B B B B B B B




A real estate license, or license for a broker who is working for another broker, may be issued:
B B B B B B B B B B B B B B B B B B



- ANSWER-
B To a woman using her birth name
B B B B B B




If an employing broker leaves a real estate brokerage, what happens to the transaction record
B B B B B B B B B B B B B B



s? - ANSWER-B B



the brokerage retains the records as the company is responsibile for maintenance
B B B B B B B B B B B




Before a purchaser is shown homes built prior to 1978: - ANSWER-
B B B B B B B B B B B



they are to be given a copy of the EPA booklet "Protect Your Family From Lead In Your H
B B B B B B B B B B B B B B B B B B



ome"



The maximum amount of days that can be specified in the Holdover Period in the Listing Contr
B B B B B B B B B B B B B B B B



act is: - ANSWER- B B B negotiable by Seller and Broker B B B B




3
Wicky