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Colorado Contracts and Regulations
Exam Questions and Answers Latest
2026
The "Conway-Bogue" decision includes all the following
statements: Ans: the actions of licensed real estate agents
in the State of Colorado would be considered practicing
law,
the documents must be prepared on commonly used
printed standard and approved forms,
and that the broker may not charge for preparing
documents that are part of the transaction.
Conway-Bogue decision created what rule? Ans: F-2 which
allows licensed brokers to practice law in a very limited
way. You are allowed to prepare contracts (fill in the
blanks of approved contracts) and explain the contents of
the contracts.
What is the rule F required statements? Ans: "The printed
portions of this form have been approved by the
Colorado Real Estate Commission." Immediately
following the statement: "THIS FORM HAS IMPORTANT
LEGAL CONSEQUENCES AND THE PARTIES SHOULD
CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE
SIGNING." "Brokerage's name, address, phone" is also
allowed.
© 2025 All rights reserved
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What is Rule F? Ans: USE OF COMMISSION APPROVED
FORMS
In sales contracts, if a broker initiates the use of a pre-
printed or prepared addendum, the addendum must be
prepared by Ans: only the broker's attorney and can be
used more than once.
Colorado Real Estate Commission broker license law was
passed to Ans: Protect the people of Colorado.
What law requires a potential buyer to contact law
enforcement officials for further information if the
presence of a registered sex offender is a concern to the
buyer? Ans: Megan's Law
Any additional cost in obtaining an ILC or survey is the
responsibility of the: Ans: Must be negotiated in the
contract.
In the event of any controversy regarding the earnest
money held by a broker: Ans: Broker may await written
instructions from buyer and seller
In addition to Federal law, Colorado legislature amended
CADA in 2008 and added as a protected class: Ans:
Sexual orientation
Gender identity
On your listings your office policy requires you to work
ONLY as a Seller's agent. When working with a buyer you
will: Ans: Give a disclosure definitions page explaining
© 2025 All rights reserved
Colorado Contracts and Regulations
Exam Questions and Answers Latest
2026
The "Conway-Bogue" decision includes all the following
statements: Ans: the actions of licensed real estate agents
in the State of Colorado would be considered practicing
law,
the documents must be prepared on commonly used
printed standard and approved forms,
and that the broker may not charge for preparing
documents that are part of the transaction.
Conway-Bogue decision created what rule? Ans: F-2 which
allows licensed brokers to practice law in a very limited
way. You are allowed to prepare contracts (fill in the
blanks of approved contracts) and explain the contents of
the contracts.
What is the rule F required statements? Ans: "The printed
portions of this form have been approved by the
Colorado Real Estate Commission." Immediately
following the statement: "THIS FORM HAS IMPORTANT
LEGAL CONSEQUENCES AND THE PARTIES SHOULD
CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE
SIGNING." "Brokerage's name, address, phone" is also
allowed.
© 2025 All rights reserved
, 2 | Page
What is Rule F? Ans: USE OF COMMISSION APPROVED
FORMS
In sales contracts, if a broker initiates the use of a pre-
printed or prepared addendum, the addendum must be
prepared by Ans: only the broker's attorney and can be
used more than once.
Colorado Real Estate Commission broker license law was
passed to Ans: Protect the people of Colorado.
What law requires a potential buyer to contact law
enforcement officials for further information if the
presence of a registered sex offender is a concern to the
buyer? Ans: Megan's Law
Any additional cost in obtaining an ILC or survey is the
responsibility of the: Ans: Must be negotiated in the
contract.
In the event of any controversy regarding the earnest
money held by a broker: Ans: Broker may await written
instructions from buyer and seller
In addition to Federal law, Colorado legislature amended
CADA in 2008 and added as a protected class: Ans:
Sexual orientation
Gender identity
On your listings your office policy requires you to work
ONLY as a Seller's agent. When working with a buyer you
will: Ans: Give a disclosure definitions page explaining
© 2025 All rights reserved
