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Missed and Stuck Exam Questions -
Colorado Real Estate School Questions
and Answers Latest 2026
Which of the following requires the use of the Licensee
Buyout Addendum to the contract to Buy & Sell?
1. A listing associates offer to purchase a listing
immediately after it expires
2. A broker is offering a guarantee as an inducement to
list with his company
3. An associate in the brokerage wishes to purchase
another associates listing
4. A broker wishes to acquire a property he has listed to
use as an investment Ans: A broker is offering a
guarantee as an inducement to list with his company
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?
1. The seller must reduce the price of the property to
compensate for the difference.
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2. 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.
3. The contract is automatically terminated by the seller's
misrepresentation.
4. 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: 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.
According to the Licensee Buyout Addendum to the
Contract to Buy and Sell, when does responsibility extend
beyond the licensee to the brokerage firm?
1. when the buyout date arrives
2. when the buyout is for the personal use of the
principal broker
3. only if the listing associate is unable to perform the
buyout
4. If the employing broker signs at the bottom of the
addendum Ans: If the employing broker signs at the
bottom of the addendum
A designated broker's responsibilities are delegated by:
1. written statement by Managing Broker
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2. office manager
3. legislative statute
4. negotiated by buyer and seller Ans: written statement
by Managing Broker
Who can not prepare an addendum to the Contract to Buy
and Sell Real Estate?
1. buyer or seller
2. employing broker's attorney
3. attorney for buyer
4. buyer's broker Ans: buyer's broker
Unless the lease states otherwise, how long does a
property manager have to return a security deposit after
a lease has expired?
1. one month
2. 60 days
3. 45 days
4. 6 months Ans: one month
The Colorado Fair Housing Law prohibits discrimination
based on:
© 2025 All rights reserved
Missed and Stuck Exam Questions -
Colorado Real Estate School Questions
and Answers Latest 2026
Which of the following requires the use of the Licensee
Buyout Addendum to the contract to Buy & Sell?
1. A listing associates offer to purchase a listing
immediately after it expires
2. A broker is offering a guarantee as an inducement to
list with his company
3. An associate in the brokerage wishes to purchase
another associates listing
4. A broker wishes to acquire a property he has listed to
use as an investment Ans: A broker is offering a
guarantee as an inducement to list with his company
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?
1. The seller must reduce the price of the property to
compensate for the difference.
© 2025 All rights reserved
, 2 | Page
2. 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.
3. The contract is automatically terminated by the seller's
misrepresentation.
4. 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: 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.
According to the Licensee Buyout Addendum to the
Contract to Buy and Sell, when does responsibility extend
beyond the licensee to the brokerage firm?
1. when the buyout date arrives
2. when the buyout is for the personal use of the
principal broker
3. only if the listing associate is unable to perform the
buyout
4. If the employing broker signs at the bottom of the
addendum Ans: If the employing broker signs at the
bottom of the addendum
A designated broker's responsibilities are delegated by:
1. written statement by Managing Broker
© 2025 All rights reserved
, 3 | Page
2. office manager
3. legislative statute
4. negotiated by buyer and seller Ans: written statement
by Managing Broker
Who can not prepare an addendum to the Contract to Buy
and Sell Real Estate?
1. buyer or seller
2. employing broker's attorney
3. attorney for buyer
4. buyer's broker Ans: buyer's broker
Unless the lease states otherwise, how long does a
property manager have to return a security deposit after
a lease has expired?
1. one month
2. 60 days
3. 45 days
4. 6 months Ans: one month
The Colorado Fair Housing Law prohibits discrimination
based on:
© 2025 All rights reserved
