Colorado Post Test with 100% correct answers 2024

Colorado Post TestAfter closing, a buyer discovered that a suicide had recently occurred on the property. The buyer submitted a complaint to the Colorado Real Estate Commission against the listing broker for failing to disclose this fact. The Commission will A) dismiss the complaint because stigmatization of property is not considered a material fact. B) immediately suspend the license of the broker while awaiting a hearing. C) investigate the complaint, submit it to a hearing, and may revoke the license of the listing broker. D) void the sale and award the buyer money from the Recovery Fund. - correct answer The answer is dismiss the complaint because stigmatization of property is not considered a material fact. The Colorado Real Estate Commission will not investigate a broker in this situation because stigmatized property law protects the broker from disclosure of these facts. The Colorado Real Estate Commission would investigate a complaint A) from an associate broker over a dispute regarding commissions with the employing broker. B) about a broker not supplying closing statements at closing. C) from a buyer regarding a broker not disclosing that someone was murdered on the property. D) by the public involving a broker's ethics. - correct answer The answer is about a broker not supplying closing statements at closing. The Colorado Real Estate Commission must investigate any situation in which a broker is guilty of breaking the law. Brokers are required to provide closing statements at closing. The Commission does not handle ethics violations or disputes between buyers, and stigmatized property law protects the broker from disclosing a murder. A broker renewing a Colorado license is required to have how many hours of continuing education over what period of time? A) 36 hours over 4 years B) 24 hours over 3 years C) 8 hours over 2 years D) 24 hours over 4 years - correct answer The answer is 24 hours over 3 years. The law requires a total of 24 hours of continuing education, of which 12 must be from Annual Commission Update courses, with all education completed over 3 years. An active broker may fulfill the continuing education requirement for a three-year renewal cycle by any of the following EXCEPT A) taking 24 hours of approved continuing education courses. B) taking and passing the state section of the broker licensing exam. C) taking the national section of the broker licensing exam. D) completing 12 hours of commission updates and 12 elective hours of approved continuing education. - correct answer The answer is taking the national section of the broker licensing exam. The broker can take and pass the state portion of the licensing exam or take 24 hours of continuing education by completing 12 hours of updates and 12 hours of elective courses to meet the continuing education requirement. Taking the national portion of the licensing exam will not give the broker any credit. An inactive broker may do all of the following EXCEPT A) complete a contract form once the broker has given pricing information. B)