COLORADO FORMS AND CONTRACTS ACTUAL EXAM
2026/2027 QUESTIONS AND SOLUTIONS RATED A+
✔✔The Exclusive Right-to-Sell listing form mentions the Sellers Property Disclosure
form. The seller: - ✔✔may decline to provide the disclosure but must still disclose latent
material defects
✔✔The "holdover clause" in the approved Exclusive Right-to-Sell Listing Contract form
protects the broker's commission for certain disclosed buyers - ✔✔for a negotiated the
unless the seller lists the property with another broker after the expiration date
✔✔Base on the language of the Exclusive Right-to-Sell Listing Contract form, what
happens if a defaulting buyer forfeits an earnest money deposit? - ✔✔the broker and
the seller split the funds
✔✔In the event that the seller and the broker have a dispute about the Exclusive Right-
to-Sell Listing contract, which of the following is true? - ✔✔Both agree to mediation
before proceeding to arbitration or litigation
✔✔When a buyer wishes to work with a broker to locate property to purchase, the -
✔✔buyer and broker may agree to a relationship, which could include agency,
Transaction-Brokerage, or no working relationship between the parties
✔✔Which of the following would most likely demonstrate, "reasonable efforts to locate
property" called for in the Exclusive Right-to-Buy Contract? - ✔✔showing the buyer
properties that meet the general description of the property as defined in the Exclusive
Right-to-Buy Contract
✔✔The Inclusions and Exclusions section of the Residential Contract to Buy and Sell
calls for Inclusions of all of the following EXCEPT - ✔✔leased security systems
✔✔If a new loan is being acquired but no box is checked for the type of loan in the
Residential Contract to Buy and Sell, the - ✔✔the form has been improperly completed
✔✔The Residential Contract to Buy and Sell includes a provision about lead-based
paint disclosure. According to this provision, if the building permit for a residential
improvement on the property was issued prior to January 1, 1978 - ✔✔the contract is
void unless disclosure is signed by seller and brokers prior to the parties signing the
sales contract.
✔✔A dishwasher is a fixture in the kitchen of a property that is under contract. The
Sellers Property Disclosure listed the appliance as, "yes" for the "In Working Condition"
column. Based on the approved Residential Contract to Buy and Sell, is the dishwasher
, fails (breaks down) before closing, the seller - ✔✔Must replace the dishwasher with a
used appliance of similar age, size, and condition
✔✔In the event of a dispute between the parties relating in the Contract to Buy and Sell,
the parties - ✔✔must mediate in good faith to seek a settlement for up to 30 days
✔✔When a broker signs the Broker Acknowledgements at the end of the Residential
Contract to Buy and Sell, the broker - ✔✔acknowledges the receipt of earnest money
deposits
✔✔When is the listing brokerage company responsible for a guaranteed Buy-Out
agreement under the License Buy-Out Addendum to the Contract to Buy and Sell? -
✔✔If the principle broker signs at the bottom of the addendum
✔✔According to the Commission-approved Exclusive Right-to-Sell Listing Contract,
how is a brokers compensation determined? - ✔✔Established by the broker
✔✔If the buyer notifies the seller in writing of a termination of the contract under the
Loan Objection Deadline provisions, what happens to the earnest money? - ✔✔the
broker must immediately return the money to the buyer.
✔✔The approved Exclusive Agency Listing Contract - ✔✔allows the seller to negotiate
a sale and not pay a broker
✔✔In an Exclusive Right-to-Buy Contract (For Buyer Agency) agreement, regarding the
commission, the - ✔✔buyers broker can often share in the listing brokers fee to obtain
compensation
✔✔If a broker negotiates a Success Fee under the Exclusive Right-to-Buy Contracts,
which is true? - ✔✔the broker may be directed to seek payment from any or all of
several resources
✔✔The approved Residential Contract to Buy and Sell establishes a Loan Objection
Deadline if the buyer is getting a new loan. What is the effect of the deadline? - ✔✔if the
buyer cannot get a satisfactory written loan commitment by that date, the buyer may
terminate the contract by written notice to the seller.
✔✔The Property Disclosure and Inspection provisions of the Residential Contract to
Buy and Sells calls for the seller to provide a Seller's Property Disclosure form based on
the - ✔✔Sellers current actual knowledge
✔✔During a walk-through just prior to closing, the buyers realize the carpet is much
more worn then they thought. They now file an objection requiring the sellers to replace
2026/2027 QUESTIONS AND SOLUTIONS RATED A+
✔✔The Exclusive Right-to-Sell listing form mentions the Sellers Property Disclosure
form. The seller: - ✔✔may decline to provide the disclosure but must still disclose latent
material defects
✔✔The "holdover clause" in the approved Exclusive Right-to-Sell Listing Contract form
protects the broker's commission for certain disclosed buyers - ✔✔for a negotiated the
unless the seller lists the property with another broker after the expiration date
✔✔Base on the language of the Exclusive Right-to-Sell Listing Contract form, what
happens if a defaulting buyer forfeits an earnest money deposit? - ✔✔the broker and
the seller split the funds
✔✔In the event that the seller and the broker have a dispute about the Exclusive Right-
to-Sell Listing contract, which of the following is true? - ✔✔Both agree to mediation
before proceeding to arbitration or litigation
✔✔When a buyer wishes to work with a broker to locate property to purchase, the -
✔✔buyer and broker may agree to a relationship, which could include agency,
Transaction-Brokerage, or no working relationship between the parties
✔✔Which of the following would most likely demonstrate, "reasonable efforts to locate
property" called for in the Exclusive Right-to-Buy Contract? - ✔✔showing the buyer
properties that meet the general description of the property as defined in the Exclusive
Right-to-Buy Contract
✔✔The Inclusions and Exclusions section of the Residential Contract to Buy and Sell
calls for Inclusions of all of the following EXCEPT - ✔✔leased security systems
✔✔If a new loan is being acquired but no box is checked for the type of loan in the
Residential Contract to Buy and Sell, the - ✔✔the form has been improperly completed
✔✔The Residential Contract to Buy and Sell includes a provision about lead-based
paint disclosure. According to this provision, if the building permit for a residential
improvement on the property was issued prior to January 1, 1978 - ✔✔the contract is
void unless disclosure is signed by seller and brokers prior to the parties signing the
sales contract.
✔✔A dishwasher is a fixture in the kitchen of a property that is under contract. The
Sellers Property Disclosure listed the appliance as, "yes" for the "In Working Condition"
column. Based on the approved Residential Contract to Buy and Sell, is the dishwasher
, fails (breaks down) before closing, the seller - ✔✔Must replace the dishwasher with a
used appliance of similar age, size, and condition
✔✔In the event of a dispute between the parties relating in the Contract to Buy and Sell,
the parties - ✔✔must mediate in good faith to seek a settlement for up to 30 days
✔✔When a broker signs the Broker Acknowledgements at the end of the Residential
Contract to Buy and Sell, the broker - ✔✔acknowledges the receipt of earnest money
deposits
✔✔When is the listing brokerage company responsible for a guaranteed Buy-Out
agreement under the License Buy-Out Addendum to the Contract to Buy and Sell? -
✔✔If the principle broker signs at the bottom of the addendum
✔✔According to the Commission-approved Exclusive Right-to-Sell Listing Contract,
how is a brokers compensation determined? - ✔✔Established by the broker
✔✔If the buyer notifies the seller in writing of a termination of the contract under the
Loan Objection Deadline provisions, what happens to the earnest money? - ✔✔the
broker must immediately return the money to the buyer.
✔✔The approved Exclusive Agency Listing Contract - ✔✔allows the seller to negotiate
a sale and not pay a broker
✔✔In an Exclusive Right-to-Buy Contract (For Buyer Agency) agreement, regarding the
commission, the - ✔✔buyers broker can often share in the listing brokers fee to obtain
compensation
✔✔If a broker negotiates a Success Fee under the Exclusive Right-to-Buy Contracts,
which is true? - ✔✔the broker may be directed to seek payment from any or all of
several resources
✔✔The approved Residential Contract to Buy and Sell establishes a Loan Objection
Deadline if the buyer is getting a new loan. What is the effect of the deadline? - ✔✔if the
buyer cannot get a satisfactory written loan commitment by that date, the buyer may
terminate the contract by written notice to the seller.
✔✔The Property Disclosure and Inspection provisions of the Residential Contract to
Buy and Sells calls for the seller to provide a Seller's Property Disclosure form based on
the - ✔✔Sellers current actual knowledge
✔✔During a walk-through just prior to closing, the buyers realize the carpet is much
more worn then they thought. They now file an objection requiring the sellers to replace
