Colorado posttest 2 questions with 100% correct answers 2024

Colorado posttest 2 The buyers say they have been told that a murder had been committed on the property and ask the listing broker if this is true. The listing broker may A) answer if the information has been in the news. B) answer because the buyers asked a direct question. C) answer if the seller has given the broker written permission. D) tell the buyers to ask the neighbors because they are not covered by the law. - correct answer The answer is answer if the seller has given the broker written permission. The stigmatized property law states that the broker may disclose a fact like a murder only if the broker has the seller's written permission. This is true regardless of how and who the broker represents. The Colorado Real Estate Commission would consider all of the following to be potential license law violations EXCEPT A) a personal assistant writing checks for a trust account. B) an employing broker who uses a verbal office policy to designate brokers and establish the firm's brokerage relationships. C) a broker managing personal property and others' property in the same trust account. D) a complaint about a broker filed by a seller. - correct answer The answer is a personal assistant writing checks for a trust account. Licensed or unlicensed assistants may sign on trust accounts, so this would not be a license law violation. Brokers may not manage their personal property in the same account as other properties. Employing brokers must have a written office policy. Renewal of a Colorado license requires completion of continuing education. How many hours of Annual Commission Updates (ACU) are required each year? A) 3 B) 4 C) 8 D) 21 - correct answer The answer is 4. All active brokers are required to have a total of 24 hours of continuing education every three years: 4 hours of ACU (Annual Commission Updates) each year for a total of 12 hours, along with 12 hours of elective CE education. All broker licenses need to be renewed no later than A) the day before the anniversary date. B) the birthday of the broker. C) the anniversary date of passing the state licensing exam. D) the anniversary date. - correct answer The answer is the anniversary date. All broker's licenses expire and need to be renewed on the anniversary of when the license became active, not when the broker passed the exam. An inactive broker A) should carry errors and omissions insurance. B) will have to take and pass the state exam in order to activate the license. C) may work for a new home sales development.