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Exam (elaborations)
Colorado Exam Real estate state portion Correct 100%
Preview 2 out of 13 pages
When must earnest money be deposited? - ANSWER Not later than the third business day after notice to buyer of acceptance. When a real estate broker is preparing a contract for the sale of real estate in respect of when a building permit was issued prior to January 1, 1978, the agreement will be: - ANSWER Void unless a completed Lead-Based Paint Disclosure is completed and signed by both the licensees to the transaction and the seller and buyer prior to the parties signing the contract What amount of personal funds is a Colorado broker permitted to keep in an escrow account? - ANSWER A sufficient amount to maintain the account
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