1 | Page
Colorado Real Estate Focus Question
Exam Review Questions and Answers
Latest 2026
Which of the following is true concerning listings based
on a "net price?"
A) they are illegal in Colorado
B) they are more profitable because no minimum is set on
the amount of commission
C) they are legal in Colorado as long as the seller agrees,
and the broker has the necessary form prepared by an
attorney representing one of the parties to the
transaction.
D) they are permissible with approval of the real estate
commission Ans: C) they are legal in Colorado as long as
the seller agrees, and the broker has the necessary form
prepared by an attorney representing one of the parties
to the transaction.
A security is a financial instrument backed by assets.
They give the holder an interest or right in something
else. Regulation under state or federal securities laws
may apply to which of the following?
A) speculative purchase of raw land by a doctor as part of
a retirement plan
© 2025 All rights reserved
, 2 | Page
B) condominium project that includes both residential
and retail uses within one structure
C) resort condominium project in which owners enter
their units in a common rental pool to enhance their
income Ans: C) resort condominium project in which
owners enter their units in a common rental pool to
enhance their income
A buyer is assuming a loan and the loan balance has
turned out to be less than the assumption balance
provided by the seller. How would this be handled
according to the Residential Contract to Buy and Sell
A) The seller must reduce the price of the property to
compensate for the difference.
B) The buyer may terminate the contract by written notice
if the difference causes the buyer's cash at closing to
increase by a stated amount.
C) The contract is automatically terminated by the seller's
misrepresentation.
D) Depending on how the form is completed, either the
buyer may terminate the contract or the seller could
reduce the price to make up for the difference. Ans: B)
The buyer may terminate the contract by written notice if
the difference causes the buyer's cash at closing to
increase by a stated amount.
© 2025 All rights reserved
, 3 | Page
Which of the following is required in the event of a
dispute between the parties relating to the Contract to
Buy and Sell?
A) The parties must accept the solution presented by the
qualified mediator chosen by the parties.
B) The parties must submit the dispute to arbitration if
mediation is unsuccessful.
C) The parties may immediately decide to mediate or
seek arbitration or litigation.
D) The parties must mediate in good faith to seek a
settlement for up to 30 days. Ans: D) The parties must
mediate in good faith to seek a settlement for up to 30
days.
Which of the following is true when a broker signs the
Broker Acknowledgments at the end of the Residential
Contract to Buy and Sell?
A) The broker acknowledges receipt of the earnest money
deposit.
B) The broker becomes a party to the contract and agrees
to its terms.
C) The broker assures the right to a commission.
D) The broker confirms the commission split with
cooperating brokers. Ans: A) The broker acknowledges
receipt of the earnest money deposit.
© 2025 All rights reserved
Colorado Real Estate Focus Question
Exam Review Questions and Answers
Latest 2026
Which of the following is true concerning listings based
on a "net price?"
A) they are illegal in Colorado
B) they are more profitable because no minimum is set on
the amount of commission
C) they are legal in Colorado as long as the seller agrees,
and the broker has the necessary form prepared by an
attorney representing one of the parties to the
transaction.
D) they are permissible with approval of the real estate
commission Ans: C) they are legal in Colorado as long as
the seller agrees, and the broker has the necessary form
prepared by an attorney representing one of the parties
to the transaction.
A security is a financial instrument backed by assets.
They give the holder an interest or right in something
else. Regulation under state or federal securities laws
may apply to which of the following?
A) speculative purchase of raw land by a doctor as part of
a retirement plan
© 2025 All rights reserved
, 2 | Page
B) condominium project that includes both residential
and retail uses within one structure
C) resort condominium project in which owners enter
their units in a common rental pool to enhance their
income Ans: C) resort condominium project in which
owners enter their units in a common rental pool to
enhance their income
A buyer is assuming a loan and the loan balance has
turned out to be less than the assumption balance
provided by the seller. How would this be handled
according to the Residential Contract to Buy and Sell
A) The seller must reduce the price of the property to
compensate for the difference.
B) The buyer may terminate the contract by written notice
if the difference causes the buyer's cash at closing to
increase by a stated amount.
C) The contract is automatically terminated by the seller's
misrepresentation.
D) Depending on how the form is completed, either the
buyer may terminate the contract or the seller could
reduce the price to make up for the difference. Ans: B)
The buyer may terminate the contract by written notice if
the difference causes the buyer's cash at closing to
increase by a stated amount.
© 2025 All rights reserved
, 3 | Page
Which of the following is required in the event of a
dispute between the parties relating to the Contract to
Buy and Sell?
A) The parties must accept the solution presented by the
qualified mediator chosen by the parties.
B) The parties must submit the dispute to arbitration if
mediation is unsuccessful.
C) The parties may immediately decide to mediate or
seek arbitration or litigation.
D) The parties must mediate in good faith to seek a
settlement for up to 30 days. Ans: D) The parties must
mediate in good faith to seek a settlement for up to 30
days.
Which of the following is true when a broker signs the
Broker Acknowledgments at the end of the Residential
Contract to Buy and Sell?
A) The broker acknowledges receipt of the earnest money
deposit.
B) The broker becomes a party to the contract and agrees
to its terms.
C) The broker assures the right to a commission.
D) The broker confirms the commission split with
cooperating brokers. Ans: A) The broker acknowledges
receipt of the earnest money deposit.
© 2025 All rights reserved