COLORADO REAL ESTATE PRACTICE EXAM PART 1 QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED| latest update 2024/25|

COLORADO REAL ESTATE PRACTICE EXAM PART 1 QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED Which of the following requires the use of the Licensee Buyout Addendum to the Contract to Buy and Sell? - -An associate is offering a guarantee buyout arrangement as an inducement to list with his or her company. All of the following must be in compliance with a broker's escrow or trust account EXCEPT - -by being maintained in the name of the licensed brokerage. The approved Earnest Money Promissory Note - -must be due early enough to assure good funds for closing. In Colorado license law, the terms "employing broker" and employed licensee mean that - -The employing broker has specific supervisory requirements for all employeed licensees. The Residential Contract to Buy and Sell includes a provision about lead-based paint disclosure. According to this provision, if the building permit for a residential improvement on the property was issued prior to January 1, 1978, - -the contract is void unless disclosure is signed by sel