The CE Shop Real Estate - CO Current
Legal Issues Section Exam Q&A 100%
Solved
All of the following areas are classified as intellectual property. Which one
comes under a different, non-intellectual property, classification?
Broker marketing plans
Copyrights
Right of publicity
Trade secrets - ✔✔Broker marketing plans
Which of the following is true?
When conducting property management brokerage activities, brokers are
not permitted to manage trust funds.
When conducting property management brokerage activities, brokers are
permitted to combine security deposits and rental payments in the same
account.
1
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
,When conducting property management brokerage activities, brokers are
permitted to manage trust funds in whatever way that works best for them.
When conducting property management brokerage activities, brokers are
required to have a separate trust account set up for security deposits and a
separate trust account set up for rental payments. - ✔✔When conducting
property management brokerage activities, brokers are required to have a
separate trust account set up for security deposits and a separate trust
account set up for rental payments.
Copyrights protect ______.
Brands
Ornamental features
Secret information
Works of authorship - ✔✔Works of authorship
Copyrights are one of the five legal categories of intellectual property rights.
If a potential adverse material fact is "open and obvious," ______.
It must be investigated by the broker
The fact doesn't need to be disclosed
2
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
, The fact must be disclosed if it's a known material fact
The fact only needs to be disclosed if it's brought up during the appraisal -
✔✔The fact must be disclosed if it's a known material fact
Which of the following fall under circumstances psychologically impacting
real property?
A felony
All of these
A murder
A suicide - ✔✔All of these
If a real estate broker misses one to 10 continuing education hours
required for license renewal, the fine is ______.
$150
$250
$375
$500 - ✔✔$250
If a broker does not have the necessary experience, training, and
knowledge, the broker must choose to ______.
3
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
Legal Issues Section Exam Q&A 100%
Solved
All of the following areas are classified as intellectual property. Which one
comes under a different, non-intellectual property, classification?
Broker marketing plans
Copyrights
Right of publicity
Trade secrets - ✔✔Broker marketing plans
Which of the following is true?
When conducting property management brokerage activities, brokers are
not permitted to manage trust funds.
When conducting property management brokerage activities, brokers are
permitted to combine security deposits and rental payments in the same
account.
1
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
,When conducting property management brokerage activities, brokers are
permitted to manage trust funds in whatever way that works best for them.
When conducting property management brokerage activities, brokers are
required to have a separate trust account set up for security deposits and a
separate trust account set up for rental payments. - ✔✔When conducting
property management brokerage activities, brokers are required to have a
separate trust account set up for security deposits and a separate trust
account set up for rental payments.
Copyrights protect ______.
Brands
Ornamental features
Secret information
Works of authorship - ✔✔Works of authorship
Copyrights are one of the five legal categories of intellectual property rights.
If a potential adverse material fact is "open and obvious," ______.
It must be investigated by the broker
The fact doesn't need to be disclosed
2
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
, The fact must be disclosed if it's a known material fact
The fact only needs to be disclosed if it's brought up during the appraisal -
✔✔The fact must be disclosed if it's a known material fact
Which of the following fall under circumstances psychologically impacting
real property?
A felony
All of these
A murder
A suicide - ✔✔All of these
If a real estate broker misses one to 10 continuing education hours
required for license renewal, the fine is ______.
$150
$250
$375
$500 - ✔✔$250
If a broker does not have the necessary experience, training, and
knowledge, the broker must choose to ______.
3
©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
