1 | Page
Colorado Contracts Questions and
Answers Latest 2026
An incorrect statement concerning an offer to purchase is
___________
1. It may be withdrawn by buyer prior to seller's
acceptance thereof.
2. It may not be withdrawn by buyer.
3. It must be presented in a timely manner regardless of
whether the Property is subject to a contract for sale.
4. Broker shall account for all money and property
received. Ans: 2. It may not be withdrawn by buyer.
Within the licensee buy-out addendum expenses such as
costs and expenses of closing, holding and reselling the
property are those of the __________.
1. Buyer
2. Broker
3. Seller
4. Buyer and Seller, divided equally Ans: 1. Buyer
A common interest community checklist is
_________________.
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, 2 | Page
1. Mandatory when listing condos or townhomes
2. An optional use form
3. A required form to be filled out by the management
company
4. Required by buyers to be attached to the sales contract
Ans: 2. An optional use form
The earnest money receipt form acknowledges
__________.
1. To the buyer only
2. To both the buyer and seller
3. To the seller only
4. To the broker and seller Ans: 2. To both the buyer and
seller
A listing terminates upon expiration of the listing
agreement, and ______________.
1. the broker has no further obligations even if the
property is under contract
2. the broker must have the seller fill out and sign a new
listing agreement
3. the broker is obligated to close the property even if the
listing has expired
© 2025 All rights reserved
, 3 | Page
4. the brokerage firm may designate another broker to
close the transaction Ans: 3. the broker is obligated to
close the property even if the listing has expired
The Contract to Buy and Sell and disclosures
1. are typically all signed at closing
2. can be signed at closing
3. are signed at the time of the offer
4. must be signed by closing Ans: 3. are signed at the
time of the offer
In the Contract to Buy and Sell Real Estate, personal
property is to be conveyed by __________.
1. Bill of sale or other applicable legal instrument
2. Out side of the contract
3. A Deed by Entirety
4. A bargain and sale deed Ans: 1. Bill of sale or other
applicable legal instrument
The contract to buy and sell real estate residential grants
the buyer a walk- through of the property (with
reasonable notice) to:
1. Verify the physical condition of the property and/or
inclusions
© 2025 All rights reserved
Colorado Contracts Questions and
Answers Latest 2026
An incorrect statement concerning an offer to purchase is
___________
1. It may be withdrawn by buyer prior to seller's
acceptance thereof.
2. It may not be withdrawn by buyer.
3. It must be presented in a timely manner regardless of
whether the Property is subject to a contract for sale.
4. Broker shall account for all money and property
received. Ans: 2. It may not be withdrawn by buyer.
Within the licensee buy-out addendum expenses such as
costs and expenses of closing, holding and reselling the
property are those of the __________.
1. Buyer
2. Broker
3. Seller
4. Buyer and Seller, divided equally Ans: 1. Buyer
A common interest community checklist is
_________________.
© 2025 All rights reserved
, 2 | Page
1. Mandatory when listing condos or townhomes
2. An optional use form
3. A required form to be filled out by the management
company
4. Required by buyers to be attached to the sales contract
Ans: 2. An optional use form
The earnest money receipt form acknowledges
__________.
1. To the buyer only
2. To both the buyer and seller
3. To the seller only
4. To the broker and seller Ans: 2. To both the buyer and
seller
A listing terminates upon expiration of the listing
agreement, and ______________.
1. the broker has no further obligations even if the
property is under contract
2. the broker must have the seller fill out and sign a new
listing agreement
3. the broker is obligated to close the property even if the
listing has expired
© 2025 All rights reserved
, 3 | Page
4. the brokerage firm may designate another broker to
close the transaction Ans: 3. the broker is obligated to
close the property even if the listing has expired
The Contract to Buy and Sell and disclosures
1. are typically all signed at closing
2. can be signed at closing
3. are signed at the time of the offer
4. must be signed by closing Ans: 3. are signed at the
time of the offer
In the Contract to Buy and Sell Real Estate, personal
property is to be conveyed by __________.
1. Bill of sale or other applicable legal instrument
2. Out side of the contract
3. A Deed by Entirety
4. A bargain and sale deed Ans: 1. Bill of sale or other
applicable legal instrument
The contract to buy and sell real estate residential grants
the buyer a walk- through of the property (with
reasonable notice) to:
1. Verify the physical condition of the property and/or
inclusions
© 2025 All rights reserved
