COLORADO REAL ESTATE EXAMINATION
TEST 2026 FULL PRACTICE QUESTIONS
AND CORRECT ANSWERS
⩥ The licensee buy-out addendum must be used under all of the
following conditions except: Answer: When a licensee is purchasing the
property as a rental investment.
⩥ What is the purpose of the real estate commission in Colorado?
Answer: to protect the public
⩥ As a buyer agent under an exclusive right to buy agreement, the
broker has what agency relationship to the purchaser? Answer: Fiduciary
⩥ A high level of supervision by employing brokers: Answer: Would
include: review of documents in preparation for a closing, assistance in
preparing contracts, monitoring of transactions from contracting to
closing, attending closings, or making sure an experienced licensee
attends the closing, being reasonably available for consultation
⩥ According to the exclusive right to sell listing contract the listing
broker must disclose to any possible buyer Answer: All material facts
about the property the broker knows
, ⩥ When a licensee uses a licensee buyout addendum your are putting the
seller on notice that Answer: The buyer is a licensee the buyer may make
a profit and the seller may incur a loss.
⩥ Checking the will owe box in the holdover clause in the exclusive
right to sell listing contract protects the listing brokers commission for
disclosed buyers Answer: For the period of time specified in the contract
even if the property is relisted by another broker
⩥ The Colorado approved Agreement to Amend/Extend form should be
signed Answer: Before the sales contract has been fully executed
⩥ For a deed to be valid in Colorado, which of the following must be
true concerning the grantors signature Answer: The grantors signature is
required
⩥ In Colorado a property subject to general ad valorem taxes is assessed
on the first day of January of the current year and the lien against the
property for the taxes attaches Answer: At that time
⩥ A licensee may accept compensation from: Answer: The licensee's
employing broker only
⩥ A transaction broker when handling both sides of the transaction has a
fiduciary responsibility to Answer: Neither the buyer nor the seller
TEST 2026 FULL PRACTICE QUESTIONS
AND CORRECT ANSWERS
⩥ The licensee buy-out addendum must be used under all of the
following conditions except: Answer: When a licensee is purchasing the
property as a rental investment.
⩥ What is the purpose of the real estate commission in Colorado?
Answer: to protect the public
⩥ As a buyer agent under an exclusive right to buy agreement, the
broker has what agency relationship to the purchaser? Answer: Fiduciary
⩥ A high level of supervision by employing brokers: Answer: Would
include: review of documents in preparation for a closing, assistance in
preparing contracts, monitoring of transactions from contracting to
closing, attending closings, or making sure an experienced licensee
attends the closing, being reasonably available for consultation
⩥ According to the exclusive right to sell listing contract the listing
broker must disclose to any possible buyer Answer: All material facts
about the property the broker knows
, ⩥ When a licensee uses a licensee buyout addendum your are putting the
seller on notice that Answer: The buyer is a licensee the buyer may make
a profit and the seller may incur a loss.
⩥ Checking the will owe box in the holdover clause in the exclusive
right to sell listing contract protects the listing brokers commission for
disclosed buyers Answer: For the period of time specified in the contract
even if the property is relisted by another broker
⩥ The Colorado approved Agreement to Amend/Extend form should be
signed Answer: Before the sales contract has been fully executed
⩥ For a deed to be valid in Colorado, which of the following must be
true concerning the grantors signature Answer: The grantors signature is
required
⩥ In Colorado a property subject to general ad valorem taxes is assessed
on the first day of January of the current year and the lien against the
property for the taxes attaches Answer: At that time
⩥ A licensee may accept compensation from: Answer: The licensee's
employing broker only
⩥ A transaction broker when handling both sides of the transaction has a
fiduciary responsibility to Answer: Neither the buyer nor the seller
