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

QUESTIONS AND 100% CORRECT
ANSWERS|LATEST 2025/2026|GRADED


Which of the following Commission rules keeps brokers in compliance with Conway-Bogue?
B B B B B B B B B B B




A. Rule C
B B B




B. Rule F
B B B




C. Rule E-35
B B B




D. Rule A-8 - ANSWER-
B B B B B. Rule F
B B B




The answer is Rule F. This rule contains the Commission rules and regulations for approved for
B B B B B B B B B B B B B B B



ms. If there is an approved form brokers must use it, allowing a limited license to practice law
B B B B B B B B B B B B B B B B B B



as created by Conway-Bogue (fill in the blank). Rule E-
B B B B B B B B B



35 creates the requirements for Brokerage Relationship Disclosure.
B B B B B B B




In Colorado, the right of use to water are regulated and permitted by the
B B B B B B B B B B B B B




A. Attorney General's office.
B B B B




B. Real Estate Commission.
B B B B




C. state engineer.
B B B




D. local water boards - ANSWER-
B B B B B C. state engineer.
B B B




In Colorado the state engineer regulates and grants well permits (right of use).
B B B B B B B B B B B B




The Notice to Terminate is used any time
B B B B B B B




A. the Exclusive Right to Sell is terminated.
B B B B B B B B




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Wicky

, B. the Contract to Buy and Sell is terminated.
B B B B B B B B B




C. the Exclusive Right to Buy is terminated.
B B B B B B B B




D. only if the inspection is unsatisfactory. - ANSWER-
B B B B B B B B



B. the Contract to Buy and Sell is terminated.
B B B B B B B B




The Notice to Terminate is used only to terminate the Contract to Buy and Sell for either the 1
B B B B B B B B B B B B B B B B B B



9 items listed or other issues as noted. If a seller or buyer listing is terminated it is done via lett
B B B B B B B B B B B B B B B B B B B B



er.



A loan being assumed by the buyer has what effect at closing?
B B B B B B B B B B B




A. Credit seller, debit buyer
B B B B B




B. Debit seller, credit buyer
B B B B B




C. Credit seller, debit broker
B B B B B




D. Debit seller, credit broker - ANSWER-
B B B B B B B. Debit seller, credit buyer
B B B B




All loans are credit to buyer, regardless of the type. In an assumed loan the seller is a party to t
B B B B B B B B B B B B B B B B B B B B



he six-column worksheet and therefore can be debited (off set balancing).
B B B B B B B B B B




Monthly rent of $875 was paid on the first of the month for a property being sold with the clos
B B B B B B B B B B B B B B B B B B B



ing on March 24. How will the rent appear on the seller's Closing Statement?
B B B B B B B B B B B B B




A. $225.81 debit
B B B




B. $678.00 credit
B B B




C. $649.19 debit
B B B




D. $197.58 debit - ANSWER-
B B B B A. $225.81 debit
B B B




Total amount ÷ by total days x days owed = prorated amount. If rent is paid on the first of the
B B B B B B B B B B B B B B B B B B B B B



month and the property closed on March 24, the number of days owed is 8 (March 24, 25, 26,
B B B B B B B B B B B B B B B B B B B



27, 28, 29, 30, & 31) so:$875 ÷ 31 x 8 = $225.81Rent is always a debit to seller and credit to buy
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Wicky