Colorado Real Estate Exam
Terms in this set (74)
According to the approved B) May terminate the contract with written notice
Contract to Buy and Sell, a immediately.
buyer who is dissatisfied
with the inspection results
A) Must offer the seller an
opportunity to resolve the
problems.
B) May terminate the
contract with written notice
immediately.
C) Must have the seller
complete all repairs by the
resolution deadline.
D) Should notify the seller
within 24 hours of receiving
the inspection report.
,According to the financing D) Share the buyer's credit information with other
obligations section of the potential lenders.
approved Contract to Buy
and Sell, a seller providing
seller financing for a
transaction may do all of
the following EXCEPT
A) Require the buyer to
provide a credit report at
the buyer's expense.
B) Verify the buyer's current
employment.
C) Terminate the contract if
the seller doesn't like the
buyer's credit information
by written notice to the
buyer.
D) Share the buyer's credit
information with other
potential lenders.
An agent would owe _________ C) Disclosure of benefits and risks
to the principal, but a
transaction-broker would
not.
A) Confidentiality
B) Disclosure of material
facts
C) Disclosure of benefits
and risks
D) An accounting
,All of the following are D) An attorney selling property as part of an estate.
required to have an active
Colorado real estate
license EXCEPT
A) An attorney who lists and
sells property in addition to
practicing law.
B) A mortgage broker who
helps buyers find and buy
homes.
C) A business opportunity
salesperson selling a
franchise with a leasehold
estate.
D) An attorney selling
property as part of an
estate.
, All of the following are true C) Disabled tenants must make a request to the owner or
about Colorado fair management company in order to make reversible
housing law EXCEPT changes to their unit.
A) The state law adds
marital status and sexual
orientation to the federal
protected classes.
B) Owners of multiple units
are expected to make
reasonable
accommodations for
disabled tenants, such as
reserved parking, without
charging the tenant.
C) Disabled tenants must
make a request to the
owner or management
company in order to make
reversible changes to their
unit.
D) Both residential and
commercial property are
covered, while the federal
law applies only to
residential property.
Terms in this set (74)
According to the approved B) May terminate the contract with written notice
Contract to Buy and Sell, a immediately.
buyer who is dissatisfied
with the inspection results
A) Must offer the seller an
opportunity to resolve the
problems.
B) May terminate the
contract with written notice
immediately.
C) Must have the seller
complete all repairs by the
resolution deadline.
D) Should notify the seller
within 24 hours of receiving
the inspection report.
,According to the financing D) Share the buyer's credit information with other
obligations section of the potential lenders.
approved Contract to Buy
and Sell, a seller providing
seller financing for a
transaction may do all of
the following EXCEPT
A) Require the buyer to
provide a credit report at
the buyer's expense.
B) Verify the buyer's current
employment.
C) Terminate the contract if
the seller doesn't like the
buyer's credit information
by written notice to the
buyer.
D) Share the buyer's credit
information with other
potential lenders.
An agent would owe _________ C) Disclosure of benefits and risks
to the principal, but a
transaction-broker would
not.
A) Confidentiality
B) Disclosure of material
facts
C) Disclosure of benefits
and risks
D) An accounting
,All of the following are D) An attorney selling property as part of an estate.
required to have an active
Colorado real estate
license EXCEPT
A) An attorney who lists and
sells property in addition to
practicing law.
B) A mortgage broker who
helps buyers find and buy
homes.
C) A business opportunity
salesperson selling a
franchise with a leasehold
estate.
D) An attorney selling
property as part of an
estate.
, All of the following are true C) Disabled tenants must make a request to the owner or
about Colorado fair management company in order to make reversible
housing law EXCEPT changes to their unit.
A) The state law adds
marital status and sexual
orientation to the federal
protected classes.
B) Owners of multiple units
are expected to make
reasonable
accommodations for
disabled tenants, such as
reserved parking, without
charging the tenant.
C) Disabled tenants must
make a request to the
owner or management
company in order to make
reversible changes to their
unit.
D) Both residential and
commercial property are
covered, while the federal
law applies only to
residential property.
