CRES CONTRACTS & REGULATIONS 4 EXAM
QUESTIONS WITH 100% ACCURATE ANSWERS
In Colorado, a real estate transaction is closed in escrow when: - Accurate answers All of
the above
Buyer Jones makes a full price offer to purchase to seller Smith, who reject the offer out right.
What recourse does Jones have? - Accurate answers Buyer Jones cannot sue
Been agreed to by Al's real estate for $230,000, he signs a sale contract and deposit earnest
money with broker Don. How is unable to show good title. If Benjamin's return of the earnest
money from Don as provided in the contract, Don should: - Accurate answers Return the
entire amount to Ben
A bilateral contract is one in which: - Accurate answers The promise of one party is given
in exchange for the promise of the other party
An option: - Accurate answers Keeps an offer open for a specified time
Under an installment land contract, title to the land is held by: - Accurate answers The
seller
Which of the following gives the best evidence of a buyers intention to carry out the terms of a
real estate sales contract? - Accurate answers The earnest money deposit
Which of the following best describes earnest money? - Accurate answers The money
deposited by the purchaser at the time of signing the sales contract
Broker K arrives to present an offer to Mrs G, and invalid, and finds her son and his wife also
present. Both individuals persistently urge Mrs G to except the offer on her home, though it is
much lower than the price she was asking. If Mrs G signs the offer, she may later claim: -
Accurate answers That she was under undo duress from her son and daughter in law and
that the agreement is voidable
Every real estate sales contract must contain all of the following except - Accurate answers
A notary acknowledgment
A broker may not lawfully collect a commission from both buyer and seller without: - Accurate
answers Pirate knowledge meant and consent of both parties
A real estate licensee he may represent: - Accurate answers Only the broker under whom
he or she is licensed
QUESTIONS WITH 100% ACCURATE ANSWERS
In Colorado, a real estate transaction is closed in escrow when: - Accurate answers All of
the above
Buyer Jones makes a full price offer to purchase to seller Smith, who reject the offer out right.
What recourse does Jones have? - Accurate answers Buyer Jones cannot sue
Been agreed to by Al's real estate for $230,000, he signs a sale contract and deposit earnest
money with broker Don. How is unable to show good title. If Benjamin's return of the earnest
money from Don as provided in the contract, Don should: - Accurate answers Return the
entire amount to Ben
A bilateral contract is one in which: - Accurate answers The promise of one party is given
in exchange for the promise of the other party
An option: - Accurate answers Keeps an offer open for a specified time
Under an installment land contract, title to the land is held by: - Accurate answers The
seller
Which of the following gives the best evidence of a buyers intention to carry out the terms of a
real estate sales contract? - Accurate answers The earnest money deposit
Which of the following best describes earnest money? - Accurate answers The money
deposited by the purchaser at the time of signing the sales contract
Broker K arrives to present an offer to Mrs G, and invalid, and finds her son and his wife also
present. Both individuals persistently urge Mrs G to except the offer on her home, though it is
much lower than the price she was asking. If Mrs G signs the offer, she may later claim: -
Accurate answers That she was under undo duress from her son and daughter in law and
that the agreement is voidable
Every real estate sales contract must contain all of the following except - Accurate answers
A notary acknowledgment
A broker may not lawfully collect a commission from both buyer and seller without: - Accurate
answers Pirate knowledge meant and consent of both parties
A real estate licensee he may represent: - Accurate answers Only the broker under whom
he or she is licensed
