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COLORADO forms and contracts quiz
real Questions and Answers Latest
2026
The buyer executes an inspection objection form on the
inspection objection date. The seller does not respond by
the inspection resolution date. The buyer asked for a
repair to a cracked sewer line and a faulty gas valve on
the furnace. They also wanted a broken window repaired.
This home has fallen out of contract and is back on the
market. Does the seller need to disclose the sewer line
and gas valve to the next buyer?
Yes these are latent defects
It is best practice but not required.
Yes but only if asked
No since they did not discover these things themselves.
Ans: Yes these are latent defects (+)
It is best practice but not required.
Yes but only if asked
© 2025 All rights reserved
, 2 | Page
No since they did not discover these things themselves.
All owners of a house listed on the county deed must
sign an exclusive right to sell agreement.
True
False Ans: True (+)
False
Broker Betty is taking a listing from a seller. Betty
executes the exclusive right to buy with a 90 day
holdover period. Betty instructs the seller to fill out the
sellers property disclosure. The seller reads the
document but refuses to sign or disclose. When Betty was
previewing the home a neighbor informed her that the
home was damaged by a flood some years back. When
Betty asks the seller about the flood the seller doesn't
want to discuss it.
Is Betty required to give the seller the sellers property
disclosure?
yes
no
only if the seller agrees to fill one out
© 2025 All rights reserved
, 3 | Page
maybe Ans: yes (+)
no
only if the seller agrees to fill one out
maybe
Broker Betty is taking a listing from a seller. Betty
executes the exclusive right to buy with a 90 day
holdover period. Betty instructs the seller to fill out the
sellers property disclosure. The seller reads the
document but refuses to sign or disclose. When Betty was
previewing the home a neighbor informed her that the
home was damaged by a flood some years back. When
Betty asks the seller about the flood the seller doesn't
want to discuss it.
Is Betty required to tell a buyer about the flood?
Yes The broker is responsible for any latent defect no
matter how they came to know of it.
No
Yes if the seller allows
Yes if the buyer asks Ans: Yes The broker is responsible
for any latent defect no matter how they came to know of
it (+)
© 2025 All rights reserved
COLORADO forms and contracts quiz
real Questions and Answers Latest
2026
The buyer executes an inspection objection form on the
inspection objection date. The seller does not respond by
the inspection resolution date. The buyer asked for a
repair to a cracked sewer line and a faulty gas valve on
the furnace. They also wanted a broken window repaired.
This home has fallen out of contract and is back on the
market. Does the seller need to disclose the sewer line
and gas valve to the next buyer?
Yes these are latent defects
It is best practice but not required.
Yes but only if asked
No since they did not discover these things themselves.
Ans: Yes these are latent defects (+)
It is best practice but not required.
Yes but only if asked
© 2025 All rights reserved
, 2 | Page
No since they did not discover these things themselves.
All owners of a house listed on the county deed must
sign an exclusive right to sell agreement.
True
False Ans: True (+)
False
Broker Betty is taking a listing from a seller. Betty
executes the exclusive right to buy with a 90 day
holdover period. Betty instructs the seller to fill out the
sellers property disclosure. The seller reads the
document but refuses to sign or disclose. When Betty was
previewing the home a neighbor informed her that the
home was damaged by a flood some years back. When
Betty asks the seller about the flood the seller doesn't
want to discuss it.
Is Betty required to give the seller the sellers property
disclosure?
yes
no
only if the seller agrees to fill one out
© 2025 All rights reserved
, 3 | Page
maybe Ans: yes (+)
no
only if the seller agrees to fill one out
maybe
Broker Betty is taking a listing from a seller. Betty
executes the exclusive right to buy with a 90 day
holdover period. Betty instructs the seller to fill out the
sellers property disclosure. The seller reads the
document but refuses to sign or disclose. When Betty was
previewing the home a neighbor informed her that the
home was damaged by a flood some years back. When
Betty asks the seller about the flood the seller doesn't
want to discuss it.
Is Betty required to tell a buyer about the flood?
Yes The broker is responsible for any latent defect no
matter how they came to know of it.
No
Yes if the seller allows
Yes if the buyer asks Ans: Yes The broker is responsible
for any latent defect no matter how they came to know of
it (+)
© 2025 All rights reserved
