COLORADO REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. GRADED A+/| latest update 2024/25|

COLORADO REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. GRADED A+/ The lowest level of discipline the CREC may take against an agent is - -Letter of Admonishment What judge hears a case for the CREC? - -Administrative Law Judge What is necessary for the CREC to investigate a complaint? - -A written complaint from the public How many years must a broker maintain his or her records? - -4 What is the penalty for allowing a license to expire? - -1 and 1/2 times the renewal fee is charged Employing broker at ABC Realty moves his office from one building to another in the same complex without notification to the CREC. What is the status of his license and that of his licensees? - -Inactive as well as all licensees under him Who is responsible for notification of the CREC any time a licensee moves her license? - -Both the employing broker and licensee Which of the list below do not have to maintain an active license? - -Both employees listed in this question How many hours must an agent complete to renew her license under normal conditions? - -24 What type of course will likely receive approval from the CREC for CE credit? - -Coursework that enhances the service to the public Which of the following is not required to become a licensed agent? - -Being a citizen of the state and country All of the following are required to become an independent or employing broker except - -Pass the Broker Administration Test administered by PSI Which of the following entities may be issued a temporary license? - -LLC, Corp, partnership How long may a temporary license be issued for? - -90 days and renewed for one additional 90 day period An out of state agent may conduct business in Colorado if they do all of the list below except - -Agree to use only Colorado licensed agents A holder of a Colorado real estate license may sell securities - -False What is required to obtain a license? - -Take the 168 hour course and pass the license exam A background check by CBI Be 18 years of age and legally in the United States The CREC has how many members? - -5 The purpose of the CREC is to - -Protect the public Colorado accepts all other states licenses for reciprocal p