Colorado Contracts & Regulations Unit Exam Questions and Answers 100% Accurate

If you practice real estate without a license you will be prosecuted by 1. the sheriff. 2. the attorney general. 3. a district attorney. 4. the Real Estate Commission. - ANSWER-3 An individual who charges a fee to sell options on real estate must have 1. an option dealer's license. 2. a securities license. 3. a real estate broker's license. 4. (2) and (3) are both true. - ANSWER-3 The real estate recovery fund is maintained by 1. the State Treasurer. 2. the Real Estate Commission. 3. the State Judiciary. 4. the State Legislature. - ANSWER-1 The recovery fund could be used for 1. payment of out-of-pocket losses and reasonable attorney fees to the public in civil suits against licensees. 2. payment of out-of-pocket losses and reasonable attorney fees to the public in criminal suits against licensees. 3. negligence even if the licensee has errors and omissions insurance coverage. 4. all of the above. - ANSWER-1