COLORADO CONTRACTS AND REGULATIONS; CHAPTER 2 EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/| latest update 2024/25|

COLORADO CONTRACTS AND REGULATIONS; CHAPTER 2 EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ An applicant for a real estate license with a felony conviction more than 10 years before the application date _____ . - -is not required to reveal the conviction on the application. Before renewing your license on active status every 3 years, you must complete ____ hours of continuing education. - -24 The Colorado Real Estate commission has ____ Rules. - -5 According to REC rules and regulations, a real estate licensee should advise _____ . title examination legal counsel or advice both a and b none of the above - -both a and b If the seller withdraws from a valid Contract to Buy and Sell Real Estate, the earnest money _____ . - - is returned in full to the buyer. If a broker knows a property owner is under a listing contract with another broker, he or she must _____ . -refrain from any contact with that owner. -never initiate contact with that property owner, but if called may offer advice on the current listing. -contact the property owner to negotiate terms of a future listing contract. -negotiate the terms of a future listing subject to the termination, release or expiration of the current listing if the property owner initiates the contact. - --negotiate the terms of a future listing subject to the termination, release or expiration of the current listing if the property owner initiates the contact. According to Commission rule, every listing/employment agreement must include the date of the _____ . contract termination. commission payment. earnest money deposit. CMA supporting the list price. - -contract termination. A broker for a corporation must _____ . be licensed as a broker. be an officer and director with voting rights. have more than a nominal financial interest in the corporation. all of these. - -be licensed as a broker. If at closing, a seller refuses to pay a broker's co