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Colorado Contracts and Regulations
Questions and Answers Latest 2026
In the Contract to Buy and Sell Real Estate, all of the
following are negotiable clauses EXCEPT Ans: The answer
is mediation. Mediation is the only clause that is not
negotiable. The others have a check box or blank space to
allow the buyer and the seller to define how the clause
will take effect. Unit 3
broker using computer-generated forms must Ans: The
answer is make sure the program reproduces the
approved language exactly. The computer program must
reproduce the language exactly as approved and have a
security system to prevent alteration of the approved
language. Blanks must be filled in with a clearly different
type, but bold type is only one way of doing that. Unit 1
The holdover period provision in the standard listing
contract Ans: The answer is is a length of time negotiated
between the broker and the seller. The holdover period
protecting the brokerage firm after expiration of the
listing extends for a specific number of days negotiated
by the seller and broker and entered into the contract.
Unit 2
Which class would be accepted for continuing education
credit? Ans: The answer is NAR ethics. The NAR (National
Association of REALTORS®) ethics class meets the
requirement for continuing education (CE) credit while
© 2025 All rights reserved
, 2 | Page
personal marketing, company sales, orientation meetings,
and exam prep do not. Unit 6
Which of the following must register with the Real Estate
Commission as a developer? Ans: The answer is a
developer converting a 50-unit apartment building into
time-shares. Subdivision registration is required for a
subdivision of 20 or more sites or interests for
residential use. Campsites are exempt
A Colorado real estate broker may do all of the following
EXCEPT Ans: The answer is complete a CMA or BPO for a
borrower to use for financing a property if it is under
$100,000 in value. CMAs or BPOs may not be used for
financing because they are not an appraisal
The least-serious form of disciplinary action the Real
Estate Commission can take is Ans: The answer is letter
of admonishment. The Commission may issue various
penalties, but a letter of admonishment is the least
serious. Unit 6
Colorado landlord may refuse to rent to Ans: The answer
is Caucasian student. The Caucasian student could be
excluded as a student if all students are excluded
because occupation is not covered. Exclusion could not
be based on race.
A nonresident Colorado broker must do all of the
following EXCEPT Ans: The answer is have an office in
Colorado that is open to the public. The nonresident
broker is not required to have an office in Colorado
© 2025 All rights reserved
Colorado Contracts and Regulations
Questions and Answers Latest 2026
In the Contract to Buy and Sell Real Estate, all of the
following are negotiable clauses EXCEPT Ans: The answer
is mediation. Mediation is the only clause that is not
negotiable. The others have a check box or blank space to
allow the buyer and the seller to define how the clause
will take effect. Unit 3
broker using computer-generated forms must Ans: The
answer is make sure the program reproduces the
approved language exactly. The computer program must
reproduce the language exactly as approved and have a
security system to prevent alteration of the approved
language. Blanks must be filled in with a clearly different
type, but bold type is only one way of doing that. Unit 1
The holdover period provision in the standard listing
contract Ans: The answer is is a length of time negotiated
between the broker and the seller. The holdover period
protecting the brokerage firm after expiration of the
listing extends for a specific number of days negotiated
by the seller and broker and entered into the contract.
Unit 2
Which class would be accepted for continuing education
credit? Ans: The answer is NAR ethics. The NAR (National
Association of REALTORS®) ethics class meets the
requirement for continuing education (CE) credit while
© 2025 All rights reserved
, 2 | Page
personal marketing, company sales, orientation meetings,
and exam prep do not. Unit 6
Which of the following must register with the Real Estate
Commission as a developer? Ans: The answer is a
developer converting a 50-unit apartment building into
time-shares. Subdivision registration is required for a
subdivision of 20 or more sites or interests for
residential use. Campsites are exempt
A Colorado real estate broker may do all of the following
EXCEPT Ans: The answer is complete a CMA or BPO for a
borrower to use for financing a property if it is under
$100,000 in value. CMAs or BPOs may not be used for
financing because they are not an appraisal
The least-serious form of disciplinary action the Real
Estate Commission can take is Ans: The answer is letter
of admonishment. The Commission may issue various
penalties, but a letter of admonishment is the least
serious. Unit 6
Colorado landlord may refuse to rent to Ans: The answer
is Caucasian student. The Caucasian student could be
excluded as a student if all students are excluded
because occupation is not covered. Exclusion could not
be based on race.
A nonresident Colorado broker must do all of the
following EXCEPT Ans: The answer is have an office in
Colorado that is open to the public. The nonresident
broker is not required to have an office in Colorado
© 2025 All rights reserved
