Colorado Real Estate Exam – Questions
and Answers Graded A+
Who of the following is exempt from real estate license law? - Correct answer-
Investors who own 12 investment properties and sell one to an owner-occupant
The purpose of the CRE Commission is to... - Correct answer-Protect the public of
the state of CO in real estate matters
If a broker is accused of a violation of license law in a complaint to the
commission investigative staff and its determined that the violation probably
happened, the commission... - Correct answer-May decide to refer the matter to a
hearing before an appointed administrative law judge
If judge finds broker in violation, penalties include public censure, license
suspension, license revocation or fine of no more than $2,500.
Commission doesn't have authority to determine damages or order restitution.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, The real estate commission must investigate... - Correct answer-Any verified
written complaint.
The commission doesn't deal with disputes b/t brokers.
In order to be the broker of record for a corporation, a person must hold... - Correct
answer-A valid active CO broker's license.
In March 2001, the law removed the requirement for ownership and office/director
status.
In the event that the employing broker of a corporate brokerage is suddenly unable
to continue in that position, the commission may issue a temporary "hardship"
license to any.... - Correct answer-CO licensee approved by the corporate board of
directors.
Licensee can either be a broker or a salesperson.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
and Answers Graded A+
Who of the following is exempt from real estate license law? - Correct answer-
Investors who own 12 investment properties and sell one to an owner-occupant
The purpose of the CRE Commission is to... - Correct answer-Protect the public of
the state of CO in real estate matters
If a broker is accused of a violation of license law in a complaint to the
commission investigative staff and its determined that the violation probably
happened, the commission... - Correct answer-May decide to refer the matter to a
hearing before an appointed administrative law judge
If judge finds broker in violation, penalties include public censure, license
suspension, license revocation or fine of no more than $2,500.
Commission doesn't have authority to determine damages or order restitution.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, The real estate commission must investigate... - Correct answer-Any verified
written complaint.
The commission doesn't deal with disputes b/t brokers.
In order to be the broker of record for a corporation, a person must hold... - Correct
answer-A valid active CO broker's license.
In March 2001, the law removed the requirement for ownership and office/director
status.
In the event that the employing broker of a corporate brokerage is suddenly unable
to continue in that position, the commission may issue a temporary "hardship"
license to any.... - Correct answer-CO licensee approved by the corporate board of
directors.
Licensee can either be a broker or a salesperson.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
