REAL ESTATE EXAM PREP: LICENSE LAW & INVESTIGATION QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GUARANTEED A+

REAL ESTATE EXAM PREP: LICENSE LAW &
INVESTIGATION QUESTIONS AND 100% CORRECT
ANSWERS|LATEST 2025/2026|GUARANTEED A+

If you have not completed 24 hours of continuing education credit, you may still renew your lic
B B B B B B B B B B B B B B B B



ense on an active basis by .
B B B B B B




1. Submitting your college transcript revealing real estate as your major
B B B B B B B B B B




2. Submitting a written certification from your Broker regarding work experience in lieu of cou
B B B B B B B B B B B B B B



rses taken B




3. Taking and successfully passing the Colorado portion of the Broker's exam
B B B B B B B B B B B




4. Submitting an acceptable written Dr.'s excuse as to why you were unable to complete your c
B B B B B B B B B B B B B B B B



ontinuing education requirements - ANSWER- B B B B



Taking and successfully passing the Colorado portion of the Broker's exam
B B B B B B B B B B




In order to renew a real estate license, a licensee may .
B B B B B B B B B B B




1. Obtain a written waiver for worked performed versus continuing education
B B B B B B B B B B




2. Use a birth certificate to prove his or her age
B B B B B B B B B B




3. Pass the Colorado portion of the state exam in place of 24 hours of CE
B B B B B B B B B B B B B B B




4. Waive Errors and Omissions insurance if he or she are claim free - ANSWER-
B B B B B B B B B B B B B B



Pass the Colorado portion of the state exam in place of 24 hours of CE
B B B B B B B B B B B B B B




A pay-out from the Recovery Fund will result in all of the following EXCEPT .
B B B B B B B B B B B B B B




1. The automatic revocation of the license of the judgment debtor
B B B B B B B B B B




2. No pay-
B B



outs can exceed $50,000.00 per licensee, regardless of the number of judgments entered agai
B B B B B B B B B B B B B



nst the licensee, parcels of real estate involved, number of licensees involved, or number of pe
B B B B B B B B B B B B B B B



rsons aggrieved B




3. No broker can be licensed again until 1-year has passed from the date of revocation
B B B B B B B B B B B B B B B




4. No broker can be licensed again until the fund has been repaid in full plus interest at the stat
B B B B B B B B B B B B B B B B B B B



utory rate - ANSWER- B No pay- B B B



outs can exceed $50,000.00 per licensee, regardless of the number of judgments entered agai
B B B B B B B B B B B B B




1
Wicky

, nst the licensee, parcels of real estate involved, number of licensees involved, or number of pe
B B B B B B B B B B B B B B B



rsons aggrieved B




Disciplinary actions against a licensee are . B B B B B B




1. Retained in the office of the Secretary of State
B B B B B B B B B




2. Are retained by the Colorado real estate commission for 7 years
B B B B B B B B B B B




3. Cannot be subpoenaed
B B B




4. Open to the public - ANSWER-
B B B B B B Open to the public B B B




Errors and Omissions insurance must be purchased through .
B B B B B B B B




1. The group E&O company that the real estate commission contracts with or any independen
B B B B B B B B B B B B B B



t if the coverage complies with the minimum requirements established by the commission
B B B B B B B B B B B B




2. A geographical E&O carrier for your region
B B B B B B B




3. Only the group E&O company that the real estate commission contracts with
B B B B B B B B B B B B




4. E&O is not a statutory requirement, therefore need not be purchased - ANSWER-
B B B B B B B B B B B B B



The group E&O company that the real estate commission contracts with or any indepe
B B B B B B B B B B B B B



ndent if the coverage complies with the minimum requirements established by the commissio
B B B B B B B B B B B B



n



When a complaint against a licensee is received by the Colorado Real Estate Commission, said
B B B B B B B B B B B B B B B



licensee MUST . B B B




1. Submit a written response
B B B B




2. Pay a fine
B B B




3. Appear before the Real Estate Commission within 30 days
B B B B B B B B B




4. Surrender his or her license - ANSWER-
B B B B B B B Submit a written response B B B




Designated broker does not include . B B B B B




1. Limited Partnerships
B B




2. LLCs of 2 or more licensees
B B B B B B




3. A real estate brokerage firm that consists of only 1 licensed natural person
B B B B B B B B B B B B B




2
Wicky