COLORADO BROKER EXAM QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GRADED A+

100% CORRECT ANSWERS|LATEST



Conway-Bogue v. Denver Bar court decision determined what? -B B B B B B B B



ANSWER
B It confirmed a limited right for a licensee to practice law by filling in standard c
B B B B B B B B B B B B B B B



ontracts in Colorado. B B




Under Conway- B



Bogue, lisencees must be connected to the ______, must use ______ and approved forms, an
B B B B B B B B B B B B B B



d may not ______ for preparing the documents -
B B B B B B B B



B ANSWER transaction, standard, charge separate fees B B B B




Per RESPA and AfBA, brokers may not accept ______ or _______ from title companies. -
B B B B B B B B B B B B B B



B ANSWER Referral fees, inducements B B




Colorado only issues ______ _____ - ANSWER
B B B B B B Broker's licenses. B




Colorado requirements for licensing: ____ hours of education, ___ the state licensing exam, pr
B B B B B B B B B B B B B



esent valid ________, and must be at least ____ years old. -
B B B B B B B B B B B



B ANSWER 168, pass, identification, 18
B B B




Per Colorado law, how many years must you keep records? - ANSWER
B B B B B B B B B B B Four



Dual contracting is ____ ____ in all states. - ANSWER
B B B B B B B B B Loan fraud B




Can the commission audit a brokers escrow account at any time? - ANSWER
B B B B B B B B B B B B Yes




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Wicky

,The Commission has no authority, and will not investigate -
B B B B B B B B B



ANSWER
B Ethics violations. This would go through an association of realtors if both parti
B B B B B B B B B B B B



es are realtors.
B B




Criminal violations are handled by - ANSWER
B B B B B B criminal courts. B




The commission requests that the broker respond the the complaint and provide... -
B B B B B B B B B B B B



B ANSWER written documentation. B




Fines for offenses will not exceed... - ANSWER
B B B B B B B $2500.



The Real Estate Commission is the only entity that can take back a broker's.. -
B B B B B B B B B B B B B B



B ANSWER license.



How many levels of licensing are there in CO? -
B B B B B B B B B



ANSWER
B Three: 1. Employing broker, 2. Independent broker (has been in practice for 2 B B B B B B B B B B B B B



years. Can't hire), 3. Broker (or associate broker, broker-associate, etc)
B B B B B B B B B




Licensees must renew their license every ___ years. - ANSWER
B B B B B B B B B Three



All license expire on ____ of the third year. - ANSWER
B B B B B B B B B B December 31st. B




To have their license renewed, they must complete ____ hours of CE (continuing education) -
B B B B B B B B B B B B B B



B ANSWER 24



___ hours of continuing education for brokers must be the Commission's Annual Commission
B B B B B B B B B B B B B



Update (ACU ) course. - ANSWER
B B B B B 12



What three things do not count toward continuing education ? -
B B B B B B B B B B



B ANSWER 1. personal marketing 2. brokerage firm orientation, and 3. Exam prep
B B B B B B B B B B




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Wicky

, Brokers who choose inactive status have to complete all ____ hours before reactivation of thei
B B B B B B B B B B B B B B



r license. - ANSWER
B B B 24



Licensee cannot sell real estate or make commission unless _______ is paid. -
B B B B B B B B B B B B



B ANSWER License renewal fee B B




A licensee has ___ days to pay license renewal after the anniversary without penalty. -
B B B B B B B B B B B B B B



B ANSWER 31



If the licensee lets the license lapse, they will have to -
B B B B B B B B B B B



ANSWER
B take a reactivation course, or go back to real estate school. Don't let it lapse,
B B B B B B B B B B B B B B B



make it inactive. B B




Broker - associates must have an office _____. -
B B B B B B B B



B ANSWER Open to the public. An employing broker's office meets this requirement.
B B B B B B B B B B




Nonresident licensees must have an ____ in their home state, agree to keep all ___ ____ in a C
B B B B B B B B B B B B B B B B B B



O bank/depository, and accept ___ ____ in Colorado. -
B B B B B B B B



B ANSWER Office, trust funds, legal action. B B B B




Who does NOT need a real estate license when practicing real estate transactions? -
B B B B B B B B B B B B B



B ANSWER 1. Corporate employee leasing mineral rights
B B B B B




2. A corporation buying and selling real estate
B B B B B B B




3. A public official in the conduct of the official's duties (public trustee)
B B B B B B B B B B B B




5. FSBO - a person acting on their own behalf
B B B B B B B B B




6. Onsite property manager (can't negotiate terms of lease)
B B B B B B B B




7. A salaried employee of a builder - license must be inactive when working for a builder
B B B B B B B B B B B B B B B B




To sell real estate securities, a ___ ___ is required. - ANSWER
B B B B B B B B B B B Securities license B




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Wicky