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CCR Colorado Contracts &
Regulations Questions and Answers
Latest 2026
Which of the following must have a real estate license in
Colorado?
A. An on-site manager of an apartment building
performing the customary duties of an on-site manager.
B. A regularly salaried, on-site manager of a condo
complex employed by a homeowner association, who also
shows and sells units in the complex, for individual
owners.
C. A real estate broker licensed in another state that
receives a share of a commission from a Colorado real
estate broker.
D. A person employed by a corporation who negotiates
the purchasing of rights of way for telecommunication
lines. Ans: B
If a licensee has violated the license law, what is the
maximum monetary penalty the Real Estate Commission
may impose?
A. A $2,500 administrative fine plus damages to the
complainant.
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B. A $2,500 administrative fine.
C. A $2,500 administrative fine plus actual damages plus
punitive damages.
D. No fine, only license suspension or revocation. Ans: B
A broker moves his office to the building next door and
neglects to inform the real estate commission. What is
the status of the brokerage license?
A. The license is revoked.
B. The license is cancelled and only the employed
licensees may conduct business.
C. The license is unaffected so long as the broker informs
the commission within thirty days.
D. The license is inactive along with the licenses of
employed licensees. Ans: D
When would a business opportunity broker NOT need a
real estate license?
A. Whenever any interest of real property is included with
the business.
B. Whenever the transfer involves real estate leased by
the business.
C. Whenever the transfer involves neither real estate nor
any rights in real property.
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D. Whenever the value of real property is less than ten
percent of the price. Ans: C
Which of the following would NOT be proper for an
unlicensed on-site manager of an apartment complex?
A. Showing apartments that are available to rent.
B. Filling in a lease and collecting a tenant's deposit.
C. Negotiating a rent reduction for a long-term tenant.
D. Explaining the lease terms and rules and regulations of
the complex. Ans: C
Which of the following is exempt from the real estate
licensing law in Colorado?
A. An attorney-at-law who lists a client's house for sale
for a 5% sales commission.
B. A son selling his father's property under a proper
power of attorney and receiving a fee of 2% of the selling
price.
C. An investor who owns more than six houses and sells
two of them to a private individual.
D. An inactive licensee helping a co-worker fill out a
purchase offer on a for sale by owner property and not
collecting a fee. Ans: C
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Sally is the broker owner of Ajax Realty which is a trade
name registered with the Colorado Department of
Revenue and licensed with the Real Estate Commission as
Ajax Realty. Which of the following is correct?
A. All licensees employed by Sally do business only in the
name of Ajax Realty.
B. All newspaper advertising must be in Sally's name as
broker.
C. Sally may do business either as Ajax Realty or under
her married name or under her birth name.
D. All property signs must show both Sally's full name
and the name of the company. Ans: A
Which of the following could qualify for a temporary
"hardship" broker license for a corporation?
A. A corporate director with an out-of-state broker
license.
B. A corporate officer with an out-of-state salesperson's
license.
C. A corporate employee with a Colorado salesperson's
license.
D. Only a current Colorado licensee. Ans: D
Acting as a real estate broker without a license or with a
suspended license is a:
© 2025 All rights reserved
CCR Colorado Contracts &
Regulations Questions and Answers
Latest 2026
Which of the following must have a real estate license in
Colorado?
A. An on-site manager of an apartment building
performing the customary duties of an on-site manager.
B. A regularly salaried, on-site manager of a condo
complex employed by a homeowner association, who also
shows and sells units in the complex, for individual
owners.
C. A real estate broker licensed in another state that
receives a share of a commission from a Colorado real
estate broker.
D. A person employed by a corporation who negotiates
the purchasing of rights of way for telecommunication
lines. Ans: B
If a licensee has violated the license law, what is the
maximum monetary penalty the Real Estate Commission
may impose?
A. A $2,500 administrative fine plus damages to the
complainant.
© 2025 All rights reserved
, 2 | Page
B. A $2,500 administrative fine.
C. A $2,500 administrative fine plus actual damages plus
punitive damages.
D. No fine, only license suspension or revocation. Ans: B
A broker moves his office to the building next door and
neglects to inform the real estate commission. What is
the status of the brokerage license?
A. The license is revoked.
B. The license is cancelled and only the employed
licensees may conduct business.
C. The license is unaffected so long as the broker informs
the commission within thirty days.
D. The license is inactive along with the licenses of
employed licensees. Ans: D
When would a business opportunity broker NOT need a
real estate license?
A. Whenever any interest of real property is included with
the business.
B. Whenever the transfer involves real estate leased by
the business.
C. Whenever the transfer involves neither real estate nor
any rights in real property.
© 2025 All rights reserved
, 3 | Page
D. Whenever the value of real property is less than ten
percent of the price. Ans: C
Which of the following would NOT be proper for an
unlicensed on-site manager of an apartment complex?
A. Showing apartments that are available to rent.
B. Filling in a lease and collecting a tenant's deposit.
C. Negotiating a rent reduction for a long-term tenant.
D. Explaining the lease terms and rules and regulations of
the complex. Ans: C
Which of the following is exempt from the real estate
licensing law in Colorado?
A. An attorney-at-law who lists a client's house for sale
for a 5% sales commission.
B. A son selling his father's property under a proper
power of attorney and receiving a fee of 2% of the selling
price.
C. An investor who owns more than six houses and sells
two of them to a private individual.
D. An inactive licensee helping a co-worker fill out a
purchase offer on a for sale by owner property and not
collecting a fee. Ans: C
© 2025 All rights reserved
, 4 | Page
Sally is the broker owner of Ajax Realty which is a trade
name registered with the Colorado Department of
Revenue and licensed with the Real Estate Commission as
Ajax Realty. Which of the following is correct?
A. All licensees employed by Sally do business only in the
name of Ajax Realty.
B. All newspaper advertising must be in Sally's name as
broker.
C. Sally may do business either as Ajax Realty or under
her married name or under her birth name.
D. All property signs must show both Sally's full name
and the name of the company. Ans: A
Which of the following could qualify for a temporary
"hardship" broker license for a corporation?
A. A corporate director with an out-of-state broker
license.
B. A corporate officer with an out-of-state salesperson's
license.
C. A corporate employee with a Colorado salesperson's
license.
D. Only a current Colorado licensee. Ans: D
Acting as a real estate broker without a license or with a
suspended license is a:
© 2025 All rights reserved
