STATE OF COLORADO SALES LICENSE TEST PAPER EXAM
2025/2026 QUESTIONS WITH ANSWERS GRADED A+
✔✔A broker has the duty to present all offers to and from the seller or landlord - ✔✔in a
timely manner
✔✔A licensed broker must - ✔✔Be licensed in his or her own personal name.
May choose to establish a corporate veil for IRS.
May direct commissions be paid to the corporation.
ALL OF THE ABOVE
✔✔An unlicensed real estate auctioneer may - ✔✔"cry" the sale, but may not prepare
any contracts.
✔✔If a buyer is concerned about the presence of registered sex offenders in a
neighborhood, the broker should - ✔✔inform the buyer to contact local law enforcement.
✔✔Unlicensed personal assistants may - ✔✔prepare and sign market analyses for
presentation to a seller by a licensee.
✔✔Interest paid on earnest money accounts may be - ✔✔Voluntarily transferred to a
fund for providing affordable housing.
✔✔According to the Colorado Real Estate Commission, division of a property into how
many interests defines a subdivision? - ✔✔20
✔✔The Colorado Statute of Frauds requires that the following contracts be in writing
before transfer is made: - ✔✔sale of real property.
lease of real property for 18 months.
BOTH
✔✔The Conway-Bogue decision: - ✔✔set the degree to which real estate brokers may
practice law.
✔✔The additional provisions section of the Contract to Buy and Sell Real Estate should:
- ✔✔Contain only transaction specific terms that result from negotiation of the parties.
✔✔A broker may omit the following sections of the Contract to Buy and Sell Real Estate
if they do not apply by using the word "OMITTED": - ✔✔Source of potable water
Sales and use tax
Seller financing
ALL OF THE ABOVE
,✔✔Designated Brokerage: - ✔✔is the method of doing business for all Colorado
brokers.
severs the "designated broker" who enter a brokerage relationship from any connection
with the employing broker.
BOTH
✔✔Which of the following is NOT a protected class in the Colorado Fair Housing Act? -
✔✔Occupation.
✔✔A Colorado real estate broker may do which of the following? - ✔✔explain the
difference between joint and common tenancy.
explain the legal effect of buyer agency.
prepare Rule "F" promissory notes.
ALL
✔✔In Colorado, all of the following documents have to be in writing to be enforceable in
court EXCEPT: - ✔✔a one-year lease.
✔✔The first step in subdivision development is - ✔✔Registration
✔✔Property listings obtained and signed by an associate broker are - ✔✔the property
of the seller and the listing brokerage firm.
✔✔The most common type of listing contract and also the one that offers the best
protection for the broker. - ✔✔Exclusive right-to-sell.
✔✔A broker is going to charge 20% commission on a home that will be hard to sell.
This amount is - ✔✔legal in Colorado.
✔✔Regarding inclusions and exclusions, - ✔✔personal property that is to transfer, such
as a refrigerator, must be specifically listed, because personal property does not run
with the land.
✔✔Uniform Duties in the Exclusive Right-to-Sell Listing Agreement are - ✔✔Disclosing
to Seller any material defects actually know by the Broker.
Accounting in a timely manner for all money and property received.
Exactly the same as license law and apply regardless of whether an agent or
transaction broker.
ALL OF THE ABOVE
✔✔The words stating that a broker's commission is earned following "any sale of the
property within the listing period by seller, by broker, or by any other person" are -
✔✔unique to an exclusive right-to-sell contract.
, ✔✔There are ______ different varieties of listing (employment) contracts approved by
the commission - ✔✔6
✔✔Of the following, the one which is NOT a separate (distinct) employment contract is -
✔✔open listing addendum
✔✔The legal description of the property is best taken from: - ✔✔the owner's deed
✔✔In the Compensation to Brokerage Firm section of the Exclusive Right-to-Sell Listing
Agreement, the broker will: - ✔✔Have earned a commission even is the seller rejects a
full price offer
May have to sue in order to get the commission earned.
BOTH
✔✔A broker under an Exclusive Right-to-Sell listing is NOT authorized to - ✔✔protect
the seller by falsifying known structural defects of the property.
✔✔A prospective buyer wishes to view a property, but refuses to "sign any paperwork."
Your action, with respect to the Broker Disclosure to Buyer/Tenant form, is -
✔✔annotate the refusal on a copy of the form and retain it in the transaction file.
✔✔A broker designated for a buyer is obligated to identify properties meeting the
buyer's needs - ✔✔regardless of listing source or property location.
✔✔The Disclosure of Buyer's Identity clause in an Exclusive Right-to-Buy contract -
✔✔May be completed by the buyer without fair housing consideration.
✔✔The Listing Firm's Well Checklist form - ✔✔combines information from public and
private records.
✔✔When explaining the brokerage relationships other than those offered by the firm, a
broker should use the form titled - ✔✔Definitions of Working Relationships.
✔✔The Exclusive Right-to-Buy contract provides for - ✔✔a retainer fee.
requesting that the seller pay the commission.
an election for buyer to indicate whether or not buyer is party to a contract with any
other broker.
ALL OF ABOVE
✔✔You are an independent broker working under a written buyer agency contract. Your
commission is the responsibility of the - ✔✔seller, listing broker or buyer as determined
in writing by buyer and broker
2025/2026 QUESTIONS WITH ANSWERS GRADED A+
✔✔A broker has the duty to present all offers to and from the seller or landlord - ✔✔in a
timely manner
✔✔A licensed broker must - ✔✔Be licensed in his or her own personal name.
May choose to establish a corporate veil for IRS.
May direct commissions be paid to the corporation.
ALL OF THE ABOVE
✔✔An unlicensed real estate auctioneer may - ✔✔"cry" the sale, but may not prepare
any contracts.
✔✔If a buyer is concerned about the presence of registered sex offenders in a
neighborhood, the broker should - ✔✔inform the buyer to contact local law enforcement.
✔✔Unlicensed personal assistants may - ✔✔prepare and sign market analyses for
presentation to a seller by a licensee.
✔✔Interest paid on earnest money accounts may be - ✔✔Voluntarily transferred to a
fund for providing affordable housing.
✔✔According to the Colorado Real Estate Commission, division of a property into how
many interests defines a subdivision? - ✔✔20
✔✔The Colorado Statute of Frauds requires that the following contracts be in writing
before transfer is made: - ✔✔sale of real property.
lease of real property for 18 months.
BOTH
✔✔The Conway-Bogue decision: - ✔✔set the degree to which real estate brokers may
practice law.
✔✔The additional provisions section of the Contract to Buy and Sell Real Estate should:
- ✔✔Contain only transaction specific terms that result from negotiation of the parties.
✔✔A broker may omit the following sections of the Contract to Buy and Sell Real Estate
if they do not apply by using the word "OMITTED": - ✔✔Source of potable water
Sales and use tax
Seller financing
ALL OF THE ABOVE
,✔✔Designated Brokerage: - ✔✔is the method of doing business for all Colorado
brokers.
severs the "designated broker" who enter a brokerage relationship from any connection
with the employing broker.
BOTH
✔✔Which of the following is NOT a protected class in the Colorado Fair Housing Act? -
✔✔Occupation.
✔✔A Colorado real estate broker may do which of the following? - ✔✔explain the
difference between joint and common tenancy.
explain the legal effect of buyer agency.
prepare Rule "F" promissory notes.
ALL
✔✔In Colorado, all of the following documents have to be in writing to be enforceable in
court EXCEPT: - ✔✔a one-year lease.
✔✔The first step in subdivision development is - ✔✔Registration
✔✔Property listings obtained and signed by an associate broker are - ✔✔the property
of the seller and the listing brokerage firm.
✔✔The most common type of listing contract and also the one that offers the best
protection for the broker. - ✔✔Exclusive right-to-sell.
✔✔A broker is going to charge 20% commission on a home that will be hard to sell.
This amount is - ✔✔legal in Colorado.
✔✔Regarding inclusions and exclusions, - ✔✔personal property that is to transfer, such
as a refrigerator, must be specifically listed, because personal property does not run
with the land.
✔✔Uniform Duties in the Exclusive Right-to-Sell Listing Agreement are - ✔✔Disclosing
to Seller any material defects actually know by the Broker.
Accounting in a timely manner for all money and property received.
Exactly the same as license law and apply regardless of whether an agent or
transaction broker.
ALL OF THE ABOVE
✔✔The words stating that a broker's commission is earned following "any sale of the
property within the listing period by seller, by broker, or by any other person" are -
✔✔unique to an exclusive right-to-sell contract.
, ✔✔There are ______ different varieties of listing (employment) contracts approved by
the commission - ✔✔6
✔✔Of the following, the one which is NOT a separate (distinct) employment contract is -
✔✔open listing addendum
✔✔The legal description of the property is best taken from: - ✔✔the owner's deed
✔✔In the Compensation to Brokerage Firm section of the Exclusive Right-to-Sell Listing
Agreement, the broker will: - ✔✔Have earned a commission even is the seller rejects a
full price offer
May have to sue in order to get the commission earned.
BOTH
✔✔A broker under an Exclusive Right-to-Sell listing is NOT authorized to - ✔✔protect
the seller by falsifying known structural defects of the property.
✔✔A prospective buyer wishes to view a property, but refuses to "sign any paperwork."
Your action, with respect to the Broker Disclosure to Buyer/Tenant form, is -
✔✔annotate the refusal on a copy of the form and retain it in the transaction file.
✔✔A broker designated for a buyer is obligated to identify properties meeting the
buyer's needs - ✔✔regardless of listing source or property location.
✔✔The Disclosure of Buyer's Identity clause in an Exclusive Right-to-Buy contract -
✔✔May be completed by the buyer without fair housing consideration.
✔✔The Listing Firm's Well Checklist form - ✔✔combines information from public and
private records.
✔✔When explaining the brokerage relationships other than those offered by the firm, a
broker should use the form titled - ✔✔Definitions of Working Relationships.
✔✔The Exclusive Right-to-Buy contract provides for - ✔✔a retainer fee.
requesting that the seller pay the commission.
an election for buyer to indicate whether or not buyer is party to a contract with any
other broker.
ALL OF ABOVE
✔✔You are an independent broker working under a written buyer agency contract. Your
commission is the responsibility of the - ✔✔seller, listing broker or buyer as determined
in writing by buyer and broker
