COLORADO REAL ESTATE STATE EXAM QUESTIONS AND ANSWERS|VERIFIED AND ACCURATE|100% CORRECT|GUARANTEED PASS[A+]

COLORADO REAL ESTATE STATE EXAM
QUESTIONS AND ANSWERS|VERIFIED AND
ACCURATE|100% CORRECT|GUARANTEED


If a licensee adds an addendum, that he has created, to the Contract to Buy and Sell Real Estat
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e, the licensee: - ANSWER-
B B B B -A. should only use a commission-
B B B B B



approved addendum form. B B




B. is acting as a transaction broker by writing an addendum.
B B B B B B B B B B




C. Is providing an additional service to the principal and can charge a fee.
B B B B B B B B B B B B B




D. is in violation of Commission rules and could be disciplined by the Commission.
B B B B B B B B B B B B B




In the Colorado Real Estate Commission-
B B B B B



approved Contract to Buy and Sell Real Estate, earnest money is held on behalf of the: -
B B B B B B B B B B B B B B B B



B ANSWER- -A. buyer only B B




B. seller only
B B




C. buyer and seller
B B B




D. seller and broker
B B B




In the Colorado Real Estate Commission-
B B B B B



approved Contract to Buy and Sell Real Estate, the amount due at closing may NOT be paid by:
B B B B B B B B B B B B B B B B B B



- ANSWER-
B A. an out-of-state teller's check.
B B B B




B. a local certified check.
B B B B




C. an out-of-state cashier's check.
B B B B




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, -D. a local personal check.
B B B B




In providing a "high level of supervision" to licensees with less than two years of experience th
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e employing broker or an experienced licensee MUST: - ANSWER-
B B B B B B B B B



A. develop a weekly work plan with the new licensees.
B B B B B B B B B




-B. assign a mentor to supervise the new licensees.
B B B B B B B B




C. attend or be available for assistance during closings.
B B B B B B B B




D. sign all listing or buyer agency agreements.
B B B B B B B




In the Colorado to Buy and sell Real Estate, if the purchase price exceeds the property's apprai
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sed valuation, a buyer has all of the following rights EXCEPT to: - ANSWER-
B B B B B B B B B B B B B



A. terminate the contract by giving the seller a written notice of termination and a copy
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B of the appraisal.
B B




B. proceed with the transaction without regard to the amount of the appraised valuation.
B B B B B B B B B B B B B




C. waive any objection to the property's valuation.
B B B B B B B




-D. require the seller to lower the purchase price to that of the appraised valuation.
B B B B B B B B B B B B B B




In order to assess and receive mark-
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ups and/or other compensation for services performed by any third party or affiliated busines
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s entity, a broker MUST: - ANSWER-
B B B B B B A. adjust downward any originally agreed-
B B B B B



upon compensation by a like amount.
B B B B B




-B. obtain prior written consent from the parties to the contract.
B B B B B B B B B B




C. amend the lease agreement to reflect pass-through of the mark-up or compensation.
B B B B B B B B B B B B




D. disclose the amount of any compensation after receipt.
B B B B B B B B




In Colorado, all of the following are regulated by the real estate license laws and Colorado real
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estate commission rules EXCEPT: - ANSWER-
B B B B B A. qualifications for licensure.
B B B




B. record-keeping.
B




-C. ethical standards.
B B




D. Commission-approved forms.
B B




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