CERTIFICATION FOR RADIOLOGY EQUIPMENT SPECIALISTS
EXAM STUDY GUIDE WITH VERIFIED QUESTIONS CORRECT
ANSWERS | 2026/2027 LATEST UPDATE | ALREADY GRADED A+
Which of the following requires the use of the Licensee Buyout Addendum to the contract to Buy &
Sell? -
ANSWER
A broker is offering a guarantee as an inducement to list with his company
The buyer notifies the seller in writing of a termination of the contract under the Loan Objection
Deadline. What happens to the earnest money? -
ANSWER
The broker must immediately return the money to the buyer
The illegal practice of inducing homeowners to sell their properties by making representations about
the prospective entry of persons of a certain race/national origin into the neighborhood is also
called: -
ANSWER
blockbusting
June is a listing broker in Colorado. When and how must she disclose to a potential buyer that she
has a working relationship with the seller? -
ANSWER
in writing, before providing specific real estate services
Beatrice a listing agent who has received two similar offers to purchase. She has made an
appointment with the sellers to present the offers, but meanwhile another offer comes in from an
associate in the same company. In this situation, which should Beatrice present? -
ANSWER
all three offers for simultaneous review
After a tenant gave notice and vacated an apartment, the landlord discovered substantial damage to
the unit. No time was set in the lease specifying the length of time the landlord had to account or
refund the security deposit after deductions. Which of the following is an appropriate action by the
landlord? -
,ANSWER
itemize the damage in writing and return any excess deposit within one month
Stan is a real estate broker in Colorado. He has identified a property for a fast food outlet and has
asked four friends to contribute money to the purchase and gain partial ownership. Stan will manage
the property and negotiate the lease for the fast food franchise. Which of the following is correct
with regard to Stan's role as a broker in this arrangement? -
ANSWER
He must comply with state and federal securities laws in arranging this investment group.
A security is a financial instrument backed by assets. They give the holder an interest or right in
something else. Regulation under state or federal securities laws may apply to which of the
following? -
ANSWER
Resort condominium project in which owners enter their units in a common rental pool to enhance
their income.
The common rental pool arrangement for increasing income may qualify this offering as a security.
A buyer and seller have written two contracts for one property: a higher contract to submit for a
larger loan request and another with a lower actual purchase price because they know the seller is
anxious to sell quickly. Which correctly describes this arrangement? -
ANSWER
Fraudulent dual contracting
How is the relationship handled when a buyer wishes to work with a broker to locate property to
purchase? -
ANSWER
Buyer and broker may agree to a relationship which could include agency, transaction-brokerage, or
no working relationship between the parties
A buyer is assuming a loan and the loan balance has turned out to be less than the assumption
balance provided by the seller. How would this be handled according to the Residential Contract to
Buy and Sell ? -
ANSWER
The buyer may terminate the contract by written notice if the difference causes the buyer's cash at
closing to increase by a stated amount.
, What is the effect of a Loan Objection Deadline when specified in an approved Residential Contract
to Buy and Sell? -
ANSWER
If the buyer cannot get a satisfactory written loan commitment by that date, the buyer may
terminate the contract upon written notice to the seller.
Which of the following is true if a buyer receives a property inspection report indicating several
apparently serious problems on the day after the Inspection Objection Deadline? -
ANSWER
The buyer missed the opportunity to object based on inspection issues, and the contract is still in
force.
In the Contract to Buy and Sell, what does the statement, "time is of the essence hereof" mean? -
ANSWER
All dates and deadlines will be strictly interpreted.
How are court costs and legal fees handled if a dispute over the Residential Contract to Buy and Sell
goes to court? -
ANSWER
They are awarded to the winning party.
What is considered a proper response by the seller when he or she receives an offer from a buyer -
ANSWER
checking an appropriate box, initialing the form, and submitting a counterproposal
Which of the following is true when a broker signs the Broker Acknowledgments at the end of the
Residential Contract to Buy and Sell? -
ANSWER
The broker acknowledges receipt of the earnest money deposit.
Which of the following is correct according to the Colorado Real Estate Commission Position
Statement regarding Rule F? -
ANSWER
EXAM STUDY GUIDE WITH VERIFIED QUESTIONS CORRECT
ANSWERS | 2026/2027 LATEST UPDATE | ALREADY GRADED A+
Which of the following requires the use of the Licensee Buyout Addendum to the contract to Buy &
Sell? -
ANSWER
A broker is offering a guarantee as an inducement to list with his company
The buyer notifies the seller in writing of a termination of the contract under the Loan Objection
Deadline. What happens to the earnest money? -
ANSWER
The broker must immediately return the money to the buyer
The illegal practice of inducing homeowners to sell their properties by making representations about
the prospective entry of persons of a certain race/national origin into the neighborhood is also
called: -
ANSWER
blockbusting
June is a listing broker in Colorado. When and how must she disclose to a potential buyer that she
has a working relationship with the seller? -
ANSWER
in writing, before providing specific real estate services
Beatrice a listing agent who has received two similar offers to purchase. She has made an
appointment with the sellers to present the offers, but meanwhile another offer comes in from an
associate in the same company. In this situation, which should Beatrice present? -
ANSWER
all three offers for simultaneous review
After a tenant gave notice and vacated an apartment, the landlord discovered substantial damage to
the unit. No time was set in the lease specifying the length of time the landlord had to account or
refund the security deposit after deductions. Which of the following is an appropriate action by the
landlord? -
,ANSWER
itemize the damage in writing and return any excess deposit within one month
Stan is a real estate broker in Colorado. He has identified a property for a fast food outlet and has
asked four friends to contribute money to the purchase and gain partial ownership. Stan will manage
the property and negotiate the lease for the fast food franchise. Which of the following is correct
with regard to Stan's role as a broker in this arrangement? -
ANSWER
He must comply with state and federal securities laws in arranging this investment group.
A security is a financial instrument backed by assets. They give the holder an interest or right in
something else. Regulation under state or federal securities laws may apply to which of the
following? -
ANSWER
Resort condominium project in which owners enter their units in a common rental pool to enhance
their income.
The common rental pool arrangement for increasing income may qualify this offering as a security.
A buyer and seller have written two contracts for one property: a higher contract to submit for a
larger loan request and another with a lower actual purchase price because they know the seller is
anxious to sell quickly. Which correctly describes this arrangement? -
ANSWER
Fraudulent dual contracting
How is the relationship handled when a buyer wishes to work with a broker to locate property to
purchase? -
ANSWER
Buyer and broker may agree to a relationship which could include agency, transaction-brokerage, or
no working relationship between the parties
A buyer is assuming a loan and the loan balance has turned out to be less than the assumption
balance provided by the seller. How would this be handled according to the Residential Contract to
Buy and Sell ? -
ANSWER
The buyer may terminate the contract by written notice if the difference causes the buyer's cash at
closing to increase by a stated amount.
, What is the effect of a Loan Objection Deadline when specified in an approved Residential Contract
to Buy and Sell? -
ANSWER
If the buyer cannot get a satisfactory written loan commitment by that date, the buyer may
terminate the contract upon written notice to the seller.
Which of the following is true if a buyer receives a property inspection report indicating several
apparently serious problems on the day after the Inspection Objection Deadline? -
ANSWER
The buyer missed the opportunity to object based on inspection issues, and the contract is still in
force.
In the Contract to Buy and Sell, what does the statement, "time is of the essence hereof" mean? -
ANSWER
All dates and deadlines will be strictly interpreted.
How are court costs and legal fees handled if a dispute over the Residential Contract to Buy and Sell
goes to court? -
ANSWER
They are awarded to the winning party.
What is considered a proper response by the seller when he or she receives an offer from a buyer -
ANSWER
checking an appropriate box, initialing the form, and submitting a counterproposal
Which of the following is true when a broker signs the Broker Acknowledgments at the end of the
Residential Contract to Buy and Sell? -
ANSWER
The broker acknowledges receipt of the earnest money deposit.
Which of the following is correct according to the Colorado Real Estate Commission Position
Statement regarding Rule F? -
ANSWER
