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Colorado Real Estate Exam Questions
and Answers Latest 2026
every valid contract must meet all of the following
requirements except Ans: earnest money
to have a valid contract four elements are needed Ans: 1)
competent parties
2) mutual consent
3) legal consideration
4) legal object
mutual consent Ans: the offer and acceptance of the
offer
legal consideration Ans: promises, something of value, an
act, giving up the right to act, etc,
legal object Ans: the parties are agreeing to do something
that is legal and not against public policy so that the
contract is legally enforceable in a court of law
in law a trade fixture is Ans: personal property
if a party to a valid real estate contract becomes
bankrupt while the contract is executory the contract
Ans: terminates
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all contracts are terminated by Ans: bankruptcy
compared to physical life economic life is usually Ans:
shorter
the deed covenant that states that the grantor owns the
property and has the right to convey it is the covenant of
Ans: seisin
a prospective buyer gave a deposit to a broker and signed
the usual form of an offer to purchase property. the
deposit form included the statement "this offer is for 5
days" a day later before the offer had been accepted by
the seller, the buyer contacted the broker and withdrew
his offer and demanded the return of his deposit. the
broker: Ans: must return the deposit to the buyer as
demanded
an offer is not legally binding until it becomes a Ans:
contract
alienation in real estate could result from all of the
following Ans: eminent domain proceedings
adverse possession
delivery of a deed
alienation can be Ans: voluntary or involuntary
if there is a default on a mortgage, the mortgagor, after
the foreclose sale may have the statutory right of Ans:
redemption
© 2025 All rights reserved
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the best way to avoid legal problems is by Ans: putting
all terms in writing
the clause in a promissory note and the mortgage or deed
of trust that allows the lender to demand full and
immediate payment if the borrower is in default is known
as the: Ans: acceleration clause
the main north and south line in a government survey
from which townships are located is called a Ans:
principal meridian
a leasing agent has received a security deposit for a lease,
what is her next step Ans: give it to the broker as soon as
possible
The broker property manager is responsible for Ans:
depositing all funds in the trust account per the times
required by state law
the type of listing that allows more than one brokerage
firm to list the property is known as a Ans: open listing
replacement cost is best described as the Ans: cost of
building a property of equivalent utility with the same or
similar materials
offer and acceptance are required in order to have Ans:
mutual agreement
if a signed sales contract is canceled by mutual
agreement between the parties, the commission earned
© 2025 All rights reserved
Colorado Real Estate Exam Questions
and Answers Latest 2026
every valid contract must meet all of the following
requirements except Ans: earnest money
to have a valid contract four elements are needed Ans: 1)
competent parties
2) mutual consent
3) legal consideration
4) legal object
mutual consent Ans: the offer and acceptance of the
offer
legal consideration Ans: promises, something of value, an
act, giving up the right to act, etc,
legal object Ans: the parties are agreeing to do something
that is legal and not against public policy so that the
contract is legally enforceable in a court of law
in law a trade fixture is Ans: personal property
if a party to a valid real estate contract becomes
bankrupt while the contract is executory the contract
Ans: terminates
© 2025 All rights reserved
, 2 | Page
all contracts are terminated by Ans: bankruptcy
compared to physical life economic life is usually Ans:
shorter
the deed covenant that states that the grantor owns the
property and has the right to convey it is the covenant of
Ans: seisin
a prospective buyer gave a deposit to a broker and signed
the usual form of an offer to purchase property. the
deposit form included the statement "this offer is for 5
days" a day later before the offer had been accepted by
the seller, the buyer contacted the broker and withdrew
his offer and demanded the return of his deposit. the
broker: Ans: must return the deposit to the buyer as
demanded
an offer is not legally binding until it becomes a Ans:
contract
alienation in real estate could result from all of the
following Ans: eminent domain proceedings
adverse possession
delivery of a deed
alienation can be Ans: voluntary or involuntary
if there is a default on a mortgage, the mortgagor, after
the foreclose sale may have the statutory right of Ans:
redemption
© 2025 All rights reserved
, 3 | Page
the best way to avoid legal problems is by Ans: putting
all terms in writing
the clause in a promissory note and the mortgage or deed
of trust that allows the lender to demand full and
immediate payment if the borrower is in default is known
as the: Ans: acceleration clause
the main north and south line in a government survey
from which townships are located is called a Ans:
principal meridian
a leasing agent has received a security deposit for a lease,
what is her next step Ans: give it to the broker as soon as
possible
The broker property manager is responsible for Ans:
depositing all funds in the trust account per the times
required by state law
the type of listing that allows more than one brokerage
firm to list the property is known as a Ans: open listing
replacement cost is best described as the Ans: cost of
building a property of equivalent utility with the same or
similar materials
offer and acceptance are required in order to have Ans:
mutual agreement
if a signed sales contract is canceled by mutual
agreement between the parties, the commission earned
© 2025 All rights reserved
