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Colorado Real estate practice exam
part 1 Questions and Answers Latest
2026
Which of the following requires the use of the Licensee
Buyout Addendum to the Contract to Buy and Sell?—
Ans: An associate is offering a guarantee buyout
arrangement as an inducement to list with his or her
company.
All of the following must be in compliance with a
broker's escrow or trust account EXCEPT— Ans: by being
maintained in the name of the licensed brokerage.
The approved Earnest Money Promissory Note— Ans:
must be due early enough to assure good funds for
closing.
In Colorado license law, the terms "employing broker"
and employed licensee mean that— Ans: The employing
broker has specific supervisory requirements for all
employeed licensees.
The Residential Contract to Buy and Sell includes a
provision about lead-based paint disclosure. According to
this provision, if the building permit for a residential
improvement on the property was issued prior to January
1, 1978,— Ans: the contract is void unless disclosure is
signed by seller and brokers prior to the parties signing
the sales contract.
© 2025 All rights reserved
Colorado Real estate practice exam
part 1 Questions and Answers Latest
2026
Which of the following requires the use of the Licensee
Buyout Addendum to the Contract to Buy and Sell?—
Ans: An associate is offering a guarantee buyout
arrangement as an inducement to list with his or her
company.
All of the following must be in compliance with a
broker's escrow or trust account EXCEPT— Ans: by being
maintained in the name of the licensed brokerage.
The approved Earnest Money Promissory Note— Ans:
must be due early enough to assure good funds for
closing.
In Colorado license law, the terms "employing broker"
and employed licensee mean that— Ans: The employing
broker has specific supervisory requirements for all
employeed licensees.
The Residential Contract to Buy and Sell includes a
provision about lead-based paint disclosure. According to
this provision, if the building permit for a residential
improvement on the property was issued prior to January
1, 1978,— Ans: the contract is void unless disclosure is
signed by seller and brokers prior to the parties signing
the sales contract.
© 2025 All rights reserved
