Colorado Mental Health Jurisprudence Exam/Colorado Real Estate Exam Prep/Colorado Real Estate Exam - Q&A 2023/Colorado Real Estate Exam/Colorado State Exam/Colorado Life Insurance Final Exam/Colorado Exam Prep Q&A 2023/Colorado Exam Real estate state port

Title Theory - Answer- lender owns, borrower has equitable title Hypothecation - Answer- pledging property as collateral for a loan without giving up possession Mortgagee - Answer- Lender Mortgagor - Answer- borrower Non Judicial foreclosure - Answer- *CO: Public trustee has power to for...

Who of the following is exempt from real estate license law? - Answer- Investors who own 12 investment properties and sell one to an owner-occupant The purpose of the CRE Commission is to... - Answer- Protect the public of the state of CO in real estate matters If a broker is accused of a viol...

Duties of the Colorado Real Estate Commission include all of the following EXCEPT A) Investigation of verified written complaints. B) Approving errors and omissions carriers. C) Creating the Annual Commission Update course each year. D) Hearing disputes between brokers. - Answer- D) Hearing disp...

In Colorado, the absence of a contrary understanding. It is understood that the seller will deliver a - Answer- General Warranty Deed The Seller's Property Disclosure said the built-in oven was " in working condition," yet it broke a week before closing. According to the Residential Contract t...

Return of premium - Answer- The life insurance rider that pays the face amount plus the total premiums paid into the policy is known as: Foreign or alien - Answer- What kind of company can the Commissioner file a complaint to enjoin and restrain from continuing violations of the insurance regulat...

the law protects the public in dealing with licensed brokers. - Answer- Colorado real estate law was enacted for what cfc reason? when it is a verified written complaint. - Answer- When will the Real Estate Commission investigate a complaint against a licensee? under Conway-Bogue, must use sta...

When must earnest money be deposited? - Answer- Not later than the third business day after notice to buyer of acceptance. When a real estate broker is preparing a contract for the sale of real estate in respect of when a building permit was issued prior to January 1, 1978, the agreement will be:...

A dishwasher in a property under contract is listed affirmatively "In Working Condition" on the Seller's Property Disclosure. What must the seller do if the dishwasher fails before closing? - Answer- A. The seller is not responsible since he or she could not have known it would fail. B. The sell...

Legal descriptions using the government survey system are NOT generally used in - Answer- the original 13 states. Real property can be converted to personal property by - Answer- severance A homeowner is willing to let his neighbor park an RV in his backyard. He does NOT want to make the permi...

A landlord included a clause in the lease that said the tenant would not hold the landlord liable for personal injury or property damage for any reason. This is considered a(n): recapture clause quiet enjoyment clause exculpatory clause holdover clause - Answer- exculpatory clause The main...

Traditional Whole Life - Answer- -Ordinary (Straight) Life -Limited-Pay & Single-Premium Whole Life -Adjustable Whole Life Ordinary (Straight) Life - Answer- -Until 100 or Death, whichever comes first -Permanent Protection -Rates & benefits based on law of large numbers (Mortality Rate) -Gu...

How often is the Administrator responsible for reviewing the Resident care Policy and procedures - Answer- Annually Occurrence reporting needs to be done in what time frame - Answer- 24 hours How many days is the facility required to provide job specific orientation to new employees - Answer- ...

An out-of-state investor sells a property in Colorado. The closing entity must uphold up to 2 percent of the - Answer- selling price as a possible income tax liability The Closing Instruction form - Answer- engages a closing service on behalf of the buyer and seller According to statue, "good...

The Amend/Extend Contract With Broker is used to change : - Answer- Any contract to which the broker is a party According to Rule F on Commission Approved Contracts what sections may be omitted from the Contract to Buy and Sell Real Estate: - Answer- non-applicable financing conditions In prep...