Colorado Real Estate Exam - State Portion accurate 100%
Colorado Real Estate Exam - StA real estate broker filling out a listing agreement finds that there is not enough room for the legal description. The broker may: - ANSWER Attach the legal description as information may be added outside the body of the contract A licensee may accept compensation from: - ANSWER The licensees employing broker only When a licensee uses a licensee buyout addendum you are putting the seller on notice that: - ANSWER The buyer is a licensee, the buyer may make a profit and the seller may incur a loss. When must a listing broker disclose to a potential buyer the broker's working relationship with the seller? - ANSWER In writing before receiving or eliciting confidential information Agent Mike is the broker owner of AAA Realty, a trade name registered with the state of Colorado and licensed with the Colorado Real Estate Commission. Which of the following is correct? - ANSWER All licensees employed by Mike must only do business under AAA Realty According to Real Estate Commission rules - who has responsibility for the accuracy of a closing? - ANSWER The designated broker, the employing broker and any substitute broker A new loan for $165,000 is taken out at 6 1/2 % by the buyer the closing is May 16. How will the interest be shown on the settlement sheet? - ANSWER $470.13 debit to the ate Portion accurate 100%
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