Fair Housing & Property Management exam |
Questions with 100% Correct Verified Answers
An arrangement between an owner of commercial property and a Broker who agrees
to procure tenants, collect rents and security deposits is a .
1. Sublease
2. Rent assignment
3. Management agreement
4. Sandwich lease - ANSWER Management agreement
Bids, invoices, contracts, or other written documentation must support all disbursements
of funds from an escrow or trust account. Disbursements will be further revealed in the
trust account, journal, and individual ledgers. For funds disbursed, the records
maintained need NOT include .
1. Date of payment and check number
2. Vendor documentation or physical records verifying purpose of payment
3. Amount paid and the resulting balance
4. Name of the person who wrote the check off the account - ANSWER Name of the
person who wrote the check off the account
, You convey an offer to a seller. He or she is very upset because it is from someone
with children. The seller wants to sell to someone without children. You should .
1. Refer the seller to a firm specializing in adult only sales
2. Have only advertised for empty nesters
3. File a complaint seeking damages
4. Obey the seller's instructions and only present offers from those without children -
ANSWER File a complaint seeking damages
A protected class under the Colorado Anti Discrimination Act is .
1. Economically disadvantaged citizens
2. Sexual orientation
3. Marital status
4. Both #2 and #3 are correct - ANSWER Both #2 and #3 are correct
A landlord shall within one month after the termination of a lease or surrender and
acceptance of the premises, return the full security deposit unless the written lease
agreement specifies a longer period of time, but not to exceed .
1. 45 days
2. 180 days
3. 15 days
4. 60 days - ANSWER 60 days
A landlord may refuse to accommodate a known alcoholic with a history of one of
the following without incurring a civil rights violation .
Questions with 100% Correct Verified Answers
An arrangement between an owner of commercial property and a Broker who agrees
to procure tenants, collect rents and security deposits is a .
1. Sublease
2. Rent assignment
3. Management agreement
4. Sandwich lease - ANSWER Management agreement
Bids, invoices, contracts, or other written documentation must support all disbursements
of funds from an escrow or trust account. Disbursements will be further revealed in the
trust account, journal, and individual ledgers. For funds disbursed, the records
maintained need NOT include .
1. Date of payment and check number
2. Vendor documentation or physical records verifying purpose of payment
3. Amount paid and the resulting balance
4. Name of the person who wrote the check off the account - ANSWER Name of the
person who wrote the check off the account
, You convey an offer to a seller. He or she is very upset because it is from someone
with children. The seller wants to sell to someone without children. You should .
1. Refer the seller to a firm specializing in adult only sales
2. Have only advertised for empty nesters
3. File a complaint seeking damages
4. Obey the seller's instructions and only present offers from those without children -
ANSWER File a complaint seeking damages
A protected class under the Colorado Anti Discrimination Act is .
1. Economically disadvantaged citizens
2. Sexual orientation
3. Marital status
4. Both #2 and #3 are correct - ANSWER Both #2 and #3 are correct
A landlord shall within one month after the termination of a lease or surrender and
acceptance of the premises, return the full security deposit unless the written lease
agreement specifies a longer period of time, but not to exceed .
1. 45 days
2. 180 days
3. 15 days
4. 60 days - ANSWER 60 days
A landlord may refuse to accommodate a known alcoholic with a history of one of
the following without incurring a civil rights violation .
