Colorado Real Estate 100 Questions And Correct Answers
(Verified Answers) 2026|2027 Q&A | Instant Download Pdf
In all the approved Contract to Buy and Sell forms, which remedy is available to all parties in case one
party is in default?
A. Suit for punitive damages
B. Liquidated damages
C. Specific performance
D. Escheat to the seller
C. Specific performance
At closing, special taxes for governmental local improvement assessments are
A. Always prorated to the date of closing
B. Charged to the seller if paid off at closing
C. Always charged to the buyer
D. Charged to the seller if assumed by the buyer
B. Charged to the seller if paid off at closin
An active broker may fulfill the continuing education requirement for a three-year renewal cycle by
any of the following EXECPT
A. Taking and passing the sate section of the broker licensing exam
B. Completing 12 hours of commission updates and 12 elective hours of approved continuing education
C. Taking 24 hours of approved continuing education courses
D. Taking the national section of the broker licensing exam
D. Taking the national section of the broker licensing exam
A buyer is assuming a VA loan with a balance after the October payment of $125,000. The prorated
interest of $806.45 for the month of closing all be shown on the settlement worksheet as
A. Debit seller, credit buyer
B. Credit seller, debit buyer
C. Debit buyer, debit seller
D. Debit seller, credit broker
A. Debit seller, credit buyer
To be in compliance with commission rules, brokers must do all of the following EXECPT
A. Disclose prior to receiving confidential information about the parties' finances
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,B. Have the person who is receiving the disclosure sign and give them a copy
C. Disclose orally if they are on a phone call and believe they might receive confidential information
D. Give a written disclosure at first physical contact
B. Have the person who is receiving the disclosure sign and give them a copy
The net loan proceeds will be
A. A credit to the broker only
B. A debit seller, credit buyer on the worksheet
C. A debit to the broker only
D. On both the seller's and buyer's settlement statements
C. A debit to the broker only
The Colorado Real Estate Commission would investigate a complaint
A. By the public involving a broker's ethics
B. About a buyer not supplying closing statements at closing
C. From an associate broker over a dispute regarding commissions with the employing broker
D. From a buyer regarding a broker not disclosing that someone was murdered on the property
B. About a buyer not supplying closing statements at closing
A broker who needs to amend the Contract to Buy and Sell would use the Agreement to
Amend/Extend Contract form for all of the following EXECPT
A. Modifying financing terms
B. Changing the price of a listing
C. Extending the inspection objection deadline
D. Changing the closing date
B. Changing the price of a listing
The Contract to Buy and Sell provides for a walk-through inspection by the buyer prior to closing. The
purpose of this walk-through is to
A. Identify faults missed in the earlier inspection
B. Ensure that the seller has vacated the property
C. Confirm that the Seller's Property Disclosure was accurate
D. Verify that the property condition is as specified in the contract
D. Verify that the property condition is as specified in the contract
After closing, a buyer discovered that a suicide had recently occurred on the property. The buyer
submitted a complaint to the Colorado Real Estate Commission against the listing broker for failing to
disclose this fact. The Commission will
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, A. Investigate the complaint, submit it to a hearing, and may revoke the licensing of the listing broker
B. Immediately suspend the license of the broker while awaiting a hearing
C. Void the sale and award the buyer money from the Recovery Fund
D. Dismiss the complaint because stigmatization of property is not considered a material fact
D. Dismiss the complaint because stigmatization of property is not considered a material fact
An employing broker designates a broker to work with a buyer. Which of the following is TRUE?
A. The designated broker cannot work with the seller as well
B. The designated broker cannot be the employing broker
C. There is no brokerage relationship between the designated broker and the employing broker
D. The designated broker must investigate any property the buyer is interest in
C. There is no brokerage relationship between the designated broker and the employing broker
An employing broker is not sure if the addendum her broker associate drafter for an offer is within the
rules and requirements of Colorado contract law. The broker could do all of the following to better
understand contract law EXECPT
A. Contact he firm's attorney
B. Verify whether the addendum has been negotiated between the seller and the buyer
C. Review commission rules
D. Read the Commission position statement regarding rule-approved forms
D. Read the Commission position statement regarding rule-approved forms
Who could accept referral fees earned in the past six months
A. A licensed broker who was a sole proprietor and now works for a large firm
B. An unlicensed property manager of a building reporting to the owner
C. A broker with a license on inactive status for the past year
D. An unlicensed representative selling new homes
A. A licensed broker who was a sole proprietor and now works for a large firm
Under Colorado real estate laws,
A. Agency agreements can be oral, although real estate contracts must be in writing
B. Agency agreements must be in writing
C. Dual agents must make full disclosure to their clients
D. Dual agency is recommended when working with the buyer and the seller
B. Agency agreements must be in writing
Real property taxes are $963.60 for the preceding year. For an August 13 closing, what is the correct
entry for the current year's taxes on the buyer's closing statement?
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(Verified Answers) 2026|2027 Q&A | Instant Download Pdf
In all the approved Contract to Buy and Sell forms, which remedy is available to all parties in case one
party is in default?
A. Suit for punitive damages
B. Liquidated damages
C. Specific performance
D. Escheat to the seller
C. Specific performance
At closing, special taxes for governmental local improvement assessments are
A. Always prorated to the date of closing
B. Charged to the seller if paid off at closing
C. Always charged to the buyer
D. Charged to the seller if assumed by the buyer
B. Charged to the seller if paid off at closin
An active broker may fulfill the continuing education requirement for a three-year renewal cycle by
any of the following EXECPT
A. Taking and passing the sate section of the broker licensing exam
B. Completing 12 hours of commission updates and 12 elective hours of approved continuing education
C. Taking 24 hours of approved continuing education courses
D. Taking the national section of the broker licensing exam
D. Taking the national section of the broker licensing exam
A buyer is assuming a VA loan with a balance after the October payment of $125,000. The prorated
interest of $806.45 for the month of closing all be shown on the settlement worksheet as
A. Debit seller, credit buyer
B. Credit seller, debit buyer
C. Debit buyer, debit seller
D. Debit seller, credit broker
A. Debit seller, credit buyer
To be in compliance with commission rules, brokers must do all of the following EXECPT
A. Disclose prior to receiving confidential information about the parties' finances
1|Page
,B. Have the person who is receiving the disclosure sign and give them a copy
C. Disclose orally if they are on a phone call and believe they might receive confidential information
D. Give a written disclosure at first physical contact
B. Have the person who is receiving the disclosure sign and give them a copy
The net loan proceeds will be
A. A credit to the broker only
B. A debit seller, credit buyer on the worksheet
C. A debit to the broker only
D. On both the seller's and buyer's settlement statements
C. A debit to the broker only
The Colorado Real Estate Commission would investigate a complaint
A. By the public involving a broker's ethics
B. About a buyer not supplying closing statements at closing
C. From an associate broker over a dispute regarding commissions with the employing broker
D. From a buyer regarding a broker not disclosing that someone was murdered on the property
B. About a buyer not supplying closing statements at closing
A broker who needs to amend the Contract to Buy and Sell would use the Agreement to
Amend/Extend Contract form for all of the following EXECPT
A. Modifying financing terms
B. Changing the price of a listing
C. Extending the inspection objection deadline
D. Changing the closing date
B. Changing the price of a listing
The Contract to Buy and Sell provides for a walk-through inspection by the buyer prior to closing. The
purpose of this walk-through is to
A. Identify faults missed in the earlier inspection
B. Ensure that the seller has vacated the property
C. Confirm that the Seller's Property Disclosure was accurate
D. Verify that the property condition is as specified in the contract
D. Verify that the property condition is as specified in the contract
After closing, a buyer discovered that a suicide had recently occurred on the property. The buyer
submitted a complaint to the Colorado Real Estate Commission against the listing broker for failing to
disclose this fact. The Commission will
2|Page
, A. Investigate the complaint, submit it to a hearing, and may revoke the licensing of the listing broker
B. Immediately suspend the license of the broker while awaiting a hearing
C. Void the sale and award the buyer money from the Recovery Fund
D. Dismiss the complaint because stigmatization of property is not considered a material fact
D. Dismiss the complaint because stigmatization of property is not considered a material fact
An employing broker designates a broker to work with a buyer. Which of the following is TRUE?
A. The designated broker cannot work with the seller as well
B. The designated broker cannot be the employing broker
C. There is no brokerage relationship between the designated broker and the employing broker
D. The designated broker must investigate any property the buyer is interest in
C. There is no brokerage relationship between the designated broker and the employing broker
An employing broker is not sure if the addendum her broker associate drafter for an offer is within the
rules and requirements of Colorado contract law. The broker could do all of the following to better
understand contract law EXECPT
A. Contact he firm's attorney
B. Verify whether the addendum has been negotiated between the seller and the buyer
C. Review commission rules
D. Read the Commission position statement regarding rule-approved forms
D. Read the Commission position statement regarding rule-approved forms
Who could accept referral fees earned in the past six months
A. A licensed broker who was a sole proprietor and now works for a large firm
B. An unlicensed property manager of a building reporting to the owner
C. A broker with a license on inactive status for the past year
D. An unlicensed representative selling new homes
A. A licensed broker who was a sole proprietor and now works for a large firm
Under Colorado real estate laws,
A. Agency agreements can be oral, although real estate contracts must be in writing
B. Agency agreements must be in writing
C. Dual agents must make full disclosure to their clients
D. Dual agency is recommended when working with the buyer and the seller
B. Agency agreements must be in writing
Real property taxes are $963.60 for the preceding year. For an August 13 closing, what is the correct
entry for the current year's taxes on the buyer's closing statement?
3|Page
