ANSWERS|LATEST 2025/2026|GUARANTEED
Duties of the Colorado Real Estate Commission include all of the following EXCEPT
B B B B B B B B B B B B
A)
investigation of verified written complaints. B B B B
B)
approving errors and omissions carriers.
B B B B
C)
creating the Annual Commission Update course each year.
B B B B B B B
D)
hearing disputes between brokers. - ANSWER-
B B B B B d
A buyer in a closed transaction has filed a complaint with the Colorado Real Estate Commissio
B B B B B B B B B B B B B B B
n, claiming the buyer's agent misrepresented the property. The Commission, in responding to
B B B B B B B B B B B B B
a complaint, would
B B
A)use its subpoena power to request records from the agent/broker's brokerage firm.
B B B B B B B B B B B
B)start a lawsuit on behalf of the buyer.
B B B B B B B
C) seize all the brokerage firm's records.
B B B B B B
D) request the agent/broker supply response in writing. - ANSWER-
B B B B B B B B B d
Which of the following could a Colorado real estate broker use toward meeting the 12 hours o
B B B B B B B B B B B B B B B B
f required elective continuing education credits?
B B B B B
A)
1
Wicky
,An exam prep class taken to prepare for the state portion of the licensing exam
B B B B B B B B B B B B B B
B)
A brokerage firm's orientation and personal marketing course
B B B B B B B
C)
Passing the national portion of the broker licensing exam
B B B B B B B B
D)
The National Association of REALTORS® ethics course - ANSWER-
B B B B B B B B d
A broker completed all of her required continuing education, but 15 days after her expiration d
B B B B B B B B B B B B B B B
ate, she still has not paid renewal fees for her license. What is the current status of her license
B B B B B B B B B B B B B B B B B B
?
A)
Inactive and may not sell real estate
B B B B B B
B)
Active but may not sell real estate
B B B B B B
C)
Expired
D)
Active and may sell real estate if she pays within 30 days - ANSWER-
B B B B B B B B B B B B B b
All of the following are required to have an active Colorado real estate license EXCEPT
B B B B B B B B B B B B B B
A)
an attorney who lists and sells property in addition to practicing law.
B B B B B B B B B B B
B)
a mortgage broker who helps buyers find and buy homes.
B B B B B B B B B
C)
2
Wicky
,a business opportunity salesperson selling a franchise with a leasehold estate.
B B B B B B B B B B
D)
an attorney selling property as part of an estate. - ANSWER-
B B B B B B B B B B d
Brokers selling real estate must renew their license and errors and omission insurance every
B B B B B B B B B B B B B
A)
three years for the license and every two years for the errors and omissions insurance.
B B B B B B B B B B B B B B
B)
year for the license and every three years for the errors and omissions insurance.
B B B B B B B B B B B B B
C)
three years for the license and every year for the errors and omissions insurance.
B B B B B B B B B B B B B
D)
three years for the license and every three years for the errors and omissions insurance. -
B B B B B B B B B B B B B B B
B ANSWER- c
A broker associate works for All Star Realty™. The broker must ensure that all advertising, incl
B B B B B B B B B B B B B B B
uding social media, has
B B B
A)
the firm's trade name at least two times larger than the brokerage's name.
B B B B B B B B B B B B
B)
the firm's trade name as registered with the Department of Revenue.
B B B B B B B B B B
C)
the broker's name and firm's trade name the same size.
B B B B B B B B B
D)
the brokerage's name as registered with the Colorado Real Estate Commission. - ANSWER-
B B B B B B B B B B B B
d
3
Wicky
, A Colorado broker associate referred her client to a broker in Florida. The Florida broker called
B B B B B B B B B B B B B B B B
to tell her that the buyer's property in Florida will close soon and she wants to know where to
B B B B B B B B B B B B B B B B B B B
send the referral fee. Which of the following is TRUE about this referral fee?
B B B B B B B B B B B B B
A)
The broker associate must deposit the fee into a trust account for holding until after closing.
B B B B B B B B B B B B B B B
B)
The fee must be made payable to the brokerage firm.
B B B B B B B B B
C)
The broker associate does not need to inform anyone of the fee and can deposit it into her per
B B B B B B B B B B B B B B B B B B
sonal account. B
D)
The broker associate needs to split the fee 50-50 with the brokerage. - ANSWER-
B B B B B B B B B B B B B b
A broker developed a website to advertise the broker's office with the brokerage's name, locat
B B B B B B B B B B B B B B
ion, and phone number. What additional information does the broker need to include?
B B B B B B B B B B B B
A)
Name and address of the home office and the states in which the brokerage holds licenses
B B B B B B B B B B B B B B B
B)
License number of the brokerage and list of current active licensees
B B B B B B B B B B
C)
Names of active licensees, addresses, and phone numbers
B B B B B B B
D)
No need for any additional disclosures - ANSWER-
B B B B B B B d
As part of the requirement to supervise all associate brokers in the firm, the employing broker
B B B B B B B B B B B B B B B B
would be required to do all of the following EXCEPT
B B B B B B B B B
4
Wicky
Duties of the Colorado Real Estate Commission include all of the following EXCEPT
B B B B B B B B B B B B
A)
investigation of verified written complaints. B B B B
B)
approving errors and omissions carriers.
B B B B
C)
creating the Annual Commission Update course each year.
B B B B B B B
D)
hearing disputes between brokers. - ANSWER-
B B B B B d
A buyer in a closed transaction has filed a complaint with the Colorado Real Estate Commissio
B B B B B B B B B B B B B B B
n, claiming the buyer's agent misrepresented the property. The Commission, in responding to
B B B B B B B B B B B B B
a complaint, would
B B
A)use its subpoena power to request records from the agent/broker's brokerage firm.
B B B B B B B B B B B
B)start a lawsuit on behalf of the buyer.
B B B B B B B
C) seize all the brokerage firm's records.
B B B B B B
D) request the agent/broker supply response in writing. - ANSWER-
B B B B B B B B B d
Which of the following could a Colorado real estate broker use toward meeting the 12 hours o
B B B B B B B B B B B B B B B B
f required elective continuing education credits?
B B B B B
A)
1
Wicky
,An exam prep class taken to prepare for the state portion of the licensing exam
B B B B B B B B B B B B B B
B)
A brokerage firm's orientation and personal marketing course
B B B B B B B
C)
Passing the national portion of the broker licensing exam
B B B B B B B B
D)
The National Association of REALTORS® ethics course - ANSWER-
B B B B B B B B d
A broker completed all of her required continuing education, but 15 days after her expiration d
B B B B B B B B B B B B B B B
ate, she still has not paid renewal fees for her license. What is the current status of her license
B B B B B B B B B B B B B B B B B B
?
A)
Inactive and may not sell real estate
B B B B B B
B)
Active but may not sell real estate
B B B B B B
C)
Expired
D)
Active and may sell real estate if she pays within 30 days - ANSWER-
B B B B B B B B B B B B B b
All of the following are required to have an active Colorado real estate license EXCEPT
B B B B B B B B B B B B B B
A)
an attorney who lists and sells property in addition to practicing law.
B B B B B B B B B B B
B)
a mortgage broker who helps buyers find and buy homes.
B B B B B B B B B
C)
2
Wicky
,a business opportunity salesperson selling a franchise with a leasehold estate.
B B B B B B B B B B
D)
an attorney selling property as part of an estate. - ANSWER-
B B B B B B B B B B d
Brokers selling real estate must renew their license and errors and omission insurance every
B B B B B B B B B B B B B
A)
three years for the license and every two years for the errors and omissions insurance.
B B B B B B B B B B B B B B
B)
year for the license and every three years for the errors and omissions insurance.
B B B B B B B B B B B B B
C)
three years for the license and every year for the errors and omissions insurance.
B B B B B B B B B B B B B
D)
three years for the license and every three years for the errors and omissions insurance. -
B B B B B B B B B B B B B B B
B ANSWER- c
A broker associate works for All Star Realty™. The broker must ensure that all advertising, incl
B B B B B B B B B B B B B B B
uding social media, has
B B B
A)
the firm's trade name at least two times larger than the brokerage's name.
B B B B B B B B B B B B
B)
the firm's trade name as registered with the Department of Revenue.
B B B B B B B B B B
C)
the broker's name and firm's trade name the same size.
B B B B B B B B B
D)
the brokerage's name as registered with the Colorado Real Estate Commission. - ANSWER-
B B B B B B B B B B B B
d
3
Wicky
, A Colorado broker associate referred her client to a broker in Florida. The Florida broker called
B B B B B B B B B B B B B B B B
to tell her that the buyer's property in Florida will close soon and she wants to know where to
B B B B B B B B B B B B B B B B B B B
send the referral fee. Which of the following is TRUE about this referral fee?
B B B B B B B B B B B B B
A)
The broker associate must deposit the fee into a trust account for holding until after closing.
B B B B B B B B B B B B B B B
B)
The fee must be made payable to the brokerage firm.
B B B B B B B B B
C)
The broker associate does not need to inform anyone of the fee and can deposit it into her per
B B B B B B B B B B B B B B B B B B
sonal account. B
D)
The broker associate needs to split the fee 50-50 with the brokerage. - ANSWER-
B B B B B B B B B B B B B b
A broker developed a website to advertise the broker's office with the brokerage's name, locat
B B B B B B B B B B B B B B
ion, and phone number. What additional information does the broker need to include?
B B B B B B B B B B B B
A)
Name and address of the home office and the states in which the brokerage holds licenses
B B B B B B B B B B B B B B B
B)
License number of the brokerage and list of current active licensees
B B B B B B B B B B
C)
Names of active licensees, addresses, and phone numbers
B B B B B B B
D)
No need for any additional disclosures - ANSWER-
B B B B B B B d
As part of the requirement to supervise all associate brokers in the firm, the employing broker
B B B B B B B B B B B B B B B B
would be required to do all of the following EXCEPT
B B B B B B B B B
4
Wicky