COLORADO CONTRACTS AND
REGULATIONS FINAL EXAM |
COMPREHENSIVE EXAM PREP, PRACTICE
QUESTIONS, CORRECT ANSWERS AND
STUDY GUIDE
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
,When the broker representing the buyer signs the Contract to The answer is signs to notify of the brokerage relationship. In the broker
Buy and Sell Real Estate, the broker acknowledgments section of the Contract to Buy and Sell Real Estate, both brokers sign
to give notice of their brokerage relationship and to notify if they have the earnest
A) becomes a party to the contract. money. Unit 4
B) signs to notify of the brokerage relationship.
C) certifies that the Seller's Property Disclosure is complete
and accurate.
D) establishes the right to a commission.
A buyer who wants to terminate the contract per the loan The answer is notice to terminate. The Notice to Terminate is used to terminate contracts,
objection contingency should use which document? and the earnest money release is used to release the earnest money once the contract is
terminated. Unit 5
A) Notice to Terminate
B) Inspection Resolution
C) Earnest money release
D) Earnest money note
To change the closing date, the broker would use The answer is an Agreement to Amend/Extend Contract. The closing date is determined
by the Contract to Buy and Sell Real Estate. Contract dates are changed using the
A) a Contract to Buy and Sell Real Estate. approved Agreement to Amend/Extend Contract form. Unit 5
B) an Agreement to Amend/Extend Contract with Broker.
C) a Counterproposal.
D) an Agreement to Amend/Extend Contract.
In the Contract to Buy and Sell Real Estate, all of the following The answer is mediation. Mediation is the only clause that is not negotiable. The others
are negotiable clauses EXCEPT have a check box or blank space to allow the buyer and the seller to define how the
clause will take effect. Unit 3
A) mediation.
B) cost of appraisal.
C) assignability.
D) seller concessions.
The remedy available through a legal proceeding or legal The answer is specific performance. A remedy that requires the defaulting party to
action to enforce the terms of the contract is known as perform the terms of the contract as part of a legal action is specific performance. Unit 4
A) an attachment.
B) specific performance.
C) a lis pendens.
D) an injunction.
, The Colorado Real Estate Commission would investigate a The answer is ethics. The Real Estate Commission has no jurisdiction over ethics. All the
written complaint regarding all of the following types of other answer choices are potential license law violations. Unit 6
violations EXCEPT
A) ethics.
B) failure to supervise associates.
C) commingling funds.
D) consumer protection act.
Which duty would be appropriate for an agent and NOT for a The answer is counseling as to material benefits and risks. Counseling implies the use of
transaction-broker? professional knowledge and advocacy for the benefit of one party, which is limited to
agency relationships. Unit 1
A) Accounting in a timely manner for money and property
B)
Exercising reasonable skill and care
C)
Presenting all offers in a timely manner
D)
Counseling as to material benefits and risks
The approved Change of Status form is The answer is a notification to the seller and/or the buyer that the change agreed to in
the listing is now effective for this transaction. The seller and/or the buyer in the listing
A) a notification to the seller and/or the buyer that the change agreement can agree that the licensee may change from agent to transaction-broker for
agreed to in the listing is now effective for this transaction. an in-company transaction with one broker. The Change of Status form notifies the seller
B) notice that the broker will be a transaction-broker for any and/or the buyer that the broker will change status for a particular proposed transaction
transactions following the notice. but not for any other transactions involving two brokers. Unit 2
C) a new agreement giving the broker permission to change
from agency to transaction-broker status.
D) notice to the seller that the broker will become either a
dual agent or a transaction-broker for a specific transaction.
The exclusive right-to sell contract must have The answer is a beginning and an ending date. Commission rules require a definite
termination date, and the mandatory approved form has both a beginning and an ending
A) a beginning and an ending date. date. Unit 2
B) signatures of both the buyer and seller.
C) the seller's minimum acceptable price.
D) a term of at least 90 day
REGULATIONS FINAL EXAM |
COMPREHENSIVE EXAM PREP, PRACTICE
QUESTIONS, CORRECT ANSWERS AND
STUDY GUIDE
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
,When the broker representing the buyer signs the Contract to The answer is signs to notify of the brokerage relationship. In the broker
Buy and Sell Real Estate, the broker acknowledgments section of the Contract to Buy and Sell Real Estate, both brokers sign
to give notice of their brokerage relationship and to notify if they have the earnest
A) becomes a party to the contract. money. Unit 4
B) signs to notify of the brokerage relationship.
C) certifies that the Seller's Property Disclosure is complete
and accurate.
D) establishes the right to a commission.
A buyer who wants to terminate the contract per the loan The answer is notice to terminate. The Notice to Terminate is used to terminate contracts,
objection contingency should use which document? and the earnest money release is used to release the earnest money once the contract is
terminated. Unit 5
A) Notice to Terminate
B) Inspection Resolution
C) Earnest money release
D) Earnest money note
To change the closing date, the broker would use The answer is an Agreement to Amend/Extend Contract. The closing date is determined
by the Contract to Buy and Sell Real Estate. Contract dates are changed using the
A) a Contract to Buy and Sell Real Estate. approved Agreement to Amend/Extend Contract form. Unit 5
B) an Agreement to Amend/Extend Contract with Broker.
C) a Counterproposal.
D) an Agreement to Amend/Extend Contract.
In the Contract to Buy and Sell Real Estate, all of the following The answer is mediation. Mediation is the only clause that is not negotiable. The others
are negotiable clauses EXCEPT have a check box or blank space to allow the buyer and the seller to define how the
clause will take effect. Unit 3
A) mediation.
B) cost of appraisal.
C) assignability.
D) seller concessions.
The remedy available through a legal proceeding or legal The answer is specific performance. A remedy that requires the defaulting party to
action to enforce the terms of the contract is known as perform the terms of the contract as part of a legal action is specific performance. Unit 4
A) an attachment.
B) specific performance.
C) a lis pendens.
D) an injunction.
, The Colorado Real Estate Commission would investigate a The answer is ethics. The Real Estate Commission has no jurisdiction over ethics. All the
written complaint regarding all of the following types of other answer choices are potential license law violations. Unit 6
violations EXCEPT
A) ethics.
B) failure to supervise associates.
C) commingling funds.
D) consumer protection act.
Which duty would be appropriate for an agent and NOT for a The answer is counseling as to material benefits and risks. Counseling implies the use of
transaction-broker? professional knowledge and advocacy for the benefit of one party, which is limited to
agency relationships. Unit 1
A) Accounting in a timely manner for money and property
B)
Exercising reasonable skill and care
C)
Presenting all offers in a timely manner
D)
Counseling as to material benefits and risks
The approved Change of Status form is The answer is a notification to the seller and/or the buyer that the change agreed to in
the listing is now effective for this transaction. The seller and/or the buyer in the listing
A) a notification to the seller and/or the buyer that the change agreement can agree that the licensee may change from agent to transaction-broker for
agreed to in the listing is now effective for this transaction. an in-company transaction with one broker. The Change of Status form notifies the seller
B) notice that the broker will be a transaction-broker for any and/or the buyer that the broker will change status for a particular proposed transaction
transactions following the notice. but not for any other transactions involving two brokers. Unit 2
C) a new agreement giving the broker permission to change
from agency to transaction-broker status.
D) notice to the seller that the broker will become either a
dual agent or a transaction-broker for a specific transaction.
The exclusive right-to sell contract must have The answer is a beginning and an ending date. Commission rules require a definite
termination date, and the mandatory approved form has both a beginning and an ending
A) a beginning and an ending date. date. Unit 2
B) signatures of both the buyer and seller.
C) the seller's minimum acceptable price.
D) a term of at least 90 day
