Colorado Real Estate 100 Questions And Correct Answers
(Verified Answers) 2026|2027 Q&A | Instant Download Pdf
The buyer and the seller in an approved Contract to Buy and Sell have a dispute about a contract
provision. The parties agree
A. The broker will interplay the matter and send them to court
B. To binding arbitration, and the costs are split between them
C. They will submit to mediation with the fees split between the parties
D. To accept the decision of the mediator
C. They will submit to mediation with the fees split between the parties
A broker has been managing an owners association. At the end of the term of management, the
broker must
A. Provide copies of all association management records to the association subject to a reasonable copy
fee
B. Maintain all pertinent records in the broker's files for at least six years
C. Charge a fee to make full copies of all records for the broker's files
D. Turn over all original management records and supporting documentation to the association
D. Turn over all original management records and supporting documentation to the association
Which of the following documents is the real estate broker responsible for delivering at the closing?
A. Closing statement
B. Title work
C. Deed
D. Deed of trust
A. Closing statement
Uniform duties in Colorado
A. Create the duties that must be performed by an agent but not a transaction-broker
B. Only apply to a transaction-broker relationship
C. Are part of the brokerage obligations as outlined in the Contract to Buy and Sell
D. Define the broker's and the brokerage firm's duties regardless of the level of representation
D. Define the broker's and the brokerage firm's duties regardless of the level of representation
In Colorado, water rights
A. Are shared equally
B. Cannot be severed or sold independently from the land
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,C. Are conveyed by a deed
D. Are an appurtenance
C. Are conveyed by a deed
A notary public charges $5.00 for notarizing the signature on a warranty deed. How does this appear
on the settlement worksheet?
A. Debit seller, credit notary
B. Debit seller, credit broker
C. Debit buyer, credit broker
D. Debit seller, credit buyer
B. Debit seller, credit broker
The Colorado Common Interest Ownership Act
A. Defines the concept of tenants in common
B. Prohibits special assessments by common interest community associations
C. Provides that the owners association's maintenance fees will become a statutory lien if not paid
D. Makes the association liable for unpaid liens on an individual owner's unit
C. Provides that the owners association's maintenance fees will become a statutory lien if not paid
Commission rules regarding approved forms was developed to
A. Limit the liability of the real estate broker
B. Help title insurance companies, which close real estate transactions
C. Assist brokers in their limited right to practice law
D. Assist attorneys who handle real estate transactions
C. Assist brokers in their limited right to practice law
When an employing broker designates a broker to work with a buyer,
A. The employing broker is assumed to have imputed knowledge
B. The employing broker cannot be the designated broker
C. The designated broker must act as a buyer's agent
D. The designated broker can act as an agent or transaction-broker
D. The designated broker can act as an agent or transaction-broker
An inactive broker may do all of the following EXECPT
A. Complete a contract form once the broker has given pricing information
B. Sign checks from a brokerage firm's trust account
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, C. Prepare a CMA for a licensed broker who will then present it to the buyer
D. Manage property as an employee of the landlord
A. Complete a contract form once the broker has given pricing information
The owner's title insurance policy premium is $895. On whose closing statement does this appear?
A. Seller's only
B. Broker's only
C. Buyer's only
D. Both the buyer's and the seller's
A. Seller's only
A seller has accepted an offer on a property that requires, but does not have, a Lead-Based Paint
Disclosure. The contract is
A. Void
B. Void only to the seller
C. Valid
D. Voidable
C. Valid
Under Colorado real estate license law, which of the following employees must have a real estate
license? The employee who is
A. Leasing gas rights for the company
B. Selling real estate options
C. Reviewing lease agreements as part of the job
D. Acting as an onsite property manager
B. Selling real estate options
A broker renewing a Colorado license is required to have how many hours of continuing education
over what period of time?
A. 8 hours over 2 years
B. 36 hours over 4 years
C. 24 hours over 4 years
D. 24 hours over 3 years
D. 24 hours over 3 years
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(Verified Answers) 2026|2027 Q&A | Instant Download Pdf
The buyer and the seller in an approved Contract to Buy and Sell have a dispute about a contract
provision. The parties agree
A. The broker will interplay the matter and send them to court
B. To binding arbitration, and the costs are split between them
C. They will submit to mediation with the fees split between the parties
D. To accept the decision of the mediator
C. They will submit to mediation with the fees split between the parties
A broker has been managing an owners association. At the end of the term of management, the
broker must
A. Provide copies of all association management records to the association subject to a reasonable copy
fee
B. Maintain all pertinent records in the broker's files for at least six years
C. Charge a fee to make full copies of all records for the broker's files
D. Turn over all original management records and supporting documentation to the association
D. Turn over all original management records and supporting documentation to the association
Which of the following documents is the real estate broker responsible for delivering at the closing?
A. Closing statement
B. Title work
C. Deed
D. Deed of trust
A. Closing statement
Uniform duties in Colorado
A. Create the duties that must be performed by an agent but not a transaction-broker
B. Only apply to a transaction-broker relationship
C. Are part of the brokerage obligations as outlined in the Contract to Buy and Sell
D. Define the broker's and the brokerage firm's duties regardless of the level of representation
D. Define the broker's and the brokerage firm's duties regardless of the level of representation
In Colorado, water rights
A. Are shared equally
B. Cannot be severed or sold independently from the land
1|Page
,C. Are conveyed by a deed
D. Are an appurtenance
C. Are conveyed by a deed
A notary public charges $5.00 for notarizing the signature on a warranty deed. How does this appear
on the settlement worksheet?
A. Debit seller, credit notary
B. Debit seller, credit broker
C. Debit buyer, credit broker
D. Debit seller, credit buyer
B. Debit seller, credit broker
The Colorado Common Interest Ownership Act
A. Defines the concept of tenants in common
B. Prohibits special assessments by common interest community associations
C. Provides that the owners association's maintenance fees will become a statutory lien if not paid
D. Makes the association liable for unpaid liens on an individual owner's unit
C. Provides that the owners association's maintenance fees will become a statutory lien if not paid
Commission rules regarding approved forms was developed to
A. Limit the liability of the real estate broker
B. Help title insurance companies, which close real estate transactions
C. Assist brokers in their limited right to practice law
D. Assist attorneys who handle real estate transactions
C. Assist brokers in their limited right to practice law
When an employing broker designates a broker to work with a buyer,
A. The employing broker is assumed to have imputed knowledge
B. The employing broker cannot be the designated broker
C. The designated broker must act as a buyer's agent
D. The designated broker can act as an agent or transaction-broker
D. The designated broker can act as an agent or transaction-broker
An inactive broker may do all of the following EXECPT
A. Complete a contract form once the broker has given pricing information
B. Sign checks from a brokerage firm's trust account
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, C. Prepare a CMA for a licensed broker who will then present it to the buyer
D. Manage property as an employee of the landlord
A. Complete a contract form once the broker has given pricing information
The owner's title insurance policy premium is $895. On whose closing statement does this appear?
A. Seller's only
B. Broker's only
C. Buyer's only
D. Both the buyer's and the seller's
A. Seller's only
A seller has accepted an offer on a property that requires, but does not have, a Lead-Based Paint
Disclosure. The contract is
A. Void
B. Void only to the seller
C. Valid
D. Voidable
C. Valid
Under Colorado real estate license law, which of the following employees must have a real estate
license? The employee who is
A. Leasing gas rights for the company
B. Selling real estate options
C. Reviewing lease agreements as part of the job
D. Acting as an onsite property manager
B. Selling real estate options
A broker renewing a Colorado license is required to have how many hours of continuing education
over what period of time?
A. 8 hours over 2 years
B. 36 hours over 4 years
C. 24 hours over 4 years
D. 24 hours over 3 years
D. 24 hours over 3 years
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