Colorado Post Test Questions With Verifed Answers

After 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. - 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.