CRES CONTRACTS & REGULATIONS 1
QUESTIONS WITH 100% ACCURATE ANSWERS
An applicant for a real estate license can solicit buyers and sellers after (or upon)
a. applying for a license
b. taking the license examination
c. notification of passing examination
d. receipt by broker of individual's license - Accurate answers receipt by broker of
individual's license
Those exempted from the obtaining a real estate license are
a. any person who purchases property or a business opportunity for his own account or in any
way disposes of the same
b. any authorized attorney in fact or attorney at law while acting in that capacity
c. any escrow agent, receiver, trustee in bankruptcy, executor, administrator, guardian, or any
person acting under a court order
d. all of the above - Accurate answers all of the above
Which of the following is required to have a real estate license?
a. resident manager of an apartment building
b. property manager specializing in handling buildings in commercial districts
c. a salesperson working in a builder's office - Accurate answers property manager
specializing in handling buildings in commercial districts
Which of these acts could result in license suspension or revocation?
a. conviction of a forgery crime
b. accepting compensation from more than one party in a transaction without full disclosure
c. advertising in the name of another broker
d. all of the above - Accurate answers all of the above
Which of the following would normally be a reason for suspension or revocation of a real estate
license?
a. charging more than a regular commission
b. offering a property for sale on terms or at a price other than stipulated by the owner
c. holding only one open house during a six month listing period
d. not selling the property within the listing time period - Accurate answers offering a
property for sale on terms or at a price other than stipulated by the owner
Which of the following actions on the part of a real estate broker could result in revocation of
his license?
a. failing to submit to an owner all formal, written offers for property listed for sale
, b. quoting to prospective buyers, of a property, a price other than the one stipulated by the
owner
c. failure to report material facts
d. all of the above could result in revocation - Accurate answers all of the above could
result in revocation
In Colorado in the absence of a written agency agreement, a broker is considered to be a
a. free agent
b. transaction broker
c. sub agent
d. general agent - Accurate answers transaction broker
A licensee, who is guilty of an act that is grounds for disciplinary action, may
a. be subject to criminal prosecution
b. have his/her license suspended or revoked
c. be subject to civil prosecution
d. all of the above - Accurate answers all of the above
When a licensee misrepresents facts in property sales, they are subject to which action?
a. paying a fine to the county in which the misrepresentation occurred
b. immediately having their license suspended by the Real Estate Commission
c. having a hearing before the Real Estate Commission
d. immediately having their license revoked by the Real Estate Commission - Accurate
answers having a hearing before the Real Estate Commission
An ad in the newspaper must appear under the name of
a. the branch office
b. the brokerage firm
c. the listing licensee
d. none of the above - Accurate answers the brokerage firm
A broker is required to disclose any psychologically stigmatizing factors, such as there was a
death in/on the property, that is actually known by the broker when he is acting as
a. a seller's agent
b. a buyer's agent
c. a transaction broker
d. never - Accurate answers never
A broker's license may be suspended or revoked for which of the following causes?
a. over-charging sales commission
b. conviction of a motor vehicle violation
c. failure to pay a money judgement entered by a clerk of courts
d. failure to account for or remit funds belonging to others - Accurate answers failure to
account for or remit funds belonging to others
QUESTIONS WITH 100% ACCURATE ANSWERS
An applicant for a real estate license can solicit buyers and sellers after (or upon)
a. applying for a license
b. taking the license examination
c. notification of passing examination
d. receipt by broker of individual's license - Accurate answers receipt by broker of
individual's license
Those exempted from the obtaining a real estate license are
a. any person who purchases property or a business opportunity for his own account or in any
way disposes of the same
b. any authorized attorney in fact or attorney at law while acting in that capacity
c. any escrow agent, receiver, trustee in bankruptcy, executor, administrator, guardian, or any
person acting under a court order
d. all of the above - Accurate answers all of the above
Which of the following is required to have a real estate license?
a. resident manager of an apartment building
b. property manager specializing in handling buildings in commercial districts
c. a salesperson working in a builder's office - Accurate answers property manager
specializing in handling buildings in commercial districts
Which of these acts could result in license suspension or revocation?
a. conviction of a forgery crime
b. accepting compensation from more than one party in a transaction without full disclosure
c. advertising in the name of another broker
d. all of the above - Accurate answers all of the above
Which of the following would normally be a reason for suspension or revocation of a real estate
license?
a. charging more than a regular commission
b. offering a property for sale on terms or at a price other than stipulated by the owner
c. holding only one open house during a six month listing period
d. not selling the property within the listing time period - Accurate answers offering a
property for sale on terms or at a price other than stipulated by the owner
Which of the following actions on the part of a real estate broker could result in revocation of
his license?
a. failing to submit to an owner all formal, written offers for property listed for sale
, b. quoting to prospective buyers, of a property, a price other than the one stipulated by the
owner
c. failure to report material facts
d. all of the above could result in revocation - Accurate answers all of the above could
result in revocation
In Colorado in the absence of a written agency agreement, a broker is considered to be a
a. free agent
b. transaction broker
c. sub agent
d. general agent - Accurate answers transaction broker
A licensee, who is guilty of an act that is grounds for disciplinary action, may
a. be subject to criminal prosecution
b. have his/her license suspended or revoked
c. be subject to civil prosecution
d. all of the above - Accurate answers all of the above
When a licensee misrepresents facts in property sales, they are subject to which action?
a. paying a fine to the county in which the misrepresentation occurred
b. immediately having their license suspended by the Real Estate Commission
c. having a hearing before the Real Estate Commission
d. immediately having their license revoked by the Real Estate Commission - Accurate
answers having a hearing before the Real Estate Commission
An ad in the newspaper must appear under the name of
a. the branch office
b. the brokerage firm
c. the listing licensee
d. none of the above - Accurate answers the brokerage firm
A broker is required to disclose any psychologically stigmatizing factors, such as there was a
death in/on the property, that is actually known by the broker when he is acting as
a. a seller's agent
b. a buyer's agent
c. a transaction broker
d. never - Accurate answers never
A broker's license may be suspended or revoked for which of the following causes?
a. over-charging sales commission
b. conviction of a motor vehicle violation
c. failure to pay a money judgement entered by a clerk of courts
d. failure to account for or remit funds belonging to others - Accurate answers failure to
account for or remit funds belonging to others
