Colorado Contracts and Regulations Exam
Questions with correct Answers 2025/2026
100% Verified.
The Real Estate Commission has the power to - ANS-audit all files and may show up without
an appointment
investigate all licensees without any complaints made against the licensee.
You can become an employing broker when? - ANS-after 2 years and completing additional
education.
If you practice real estate without a license you will be prosecuted by - ANS-a district attorney.
You do not need a real estate license if you (8) - ANS-Any person, firm, partnership, limited
liability company, or association acting personally on its own behalf. (This includes regularly
salaried employees and officers of corporations.)
Attorney-in-fact (power of attorney) without compensation
Public official doing his or her duties
Trustee, administrator, etc., doing his or her authorized duties
Dealing in oil and gas leases
A regularly, salaried employee of an apartment building
On-site mangers of condominiums carrying out their regular duties and who are regularly
salaried
A real estate broker licensed in another state who receives a payment in a co-op relationship
A licensee will be put on probation for all of the following - ANS-Knowingly making any
misrepresentation or false or misleading advertising
Influencing, persuading, or inducing another person with false promises
, Violating the "Colorado Consumer Protection Act," Article 1 of Title 6, C.R.S.
Acting for more than one party without all parties' acknowledgment
Acting for more than one party in a transaction without the knowledge of all parties thereto.
Not placing, as soon as possible, any deposit money with the employing broker
Failure to keep good accounting of deposit money
Commingling of funds of others with broker's own money; diverting funds of others; failure of
keeping other's funds in an escrow or trustee account
Failure in providing a purchaser/seller a closing statement
Failure to maintain possession of Commission prescribed documents for a period of four years
Paying a commission to an unlicensed person for carrying out real estate activities. There is an
exception for a finder's fee paid to an out-of-state broker
Violating the Colorado or Federal Fair Housing laws
Failure to exercise reasonable supervision over the activities of licensed employees
Receiving any secret or undisclosed amount of compensation
Causing any payment to be made from the recovery fund
Failure to document the completion of the continuing education requirements
At the time of closing, the commission check can be made out to - ANS-to the brokerage
company (employing broker).
Does Colorado law dictate the ethical standards for the real estate industry? - ANS-Colorado
License Law does NOT cover ethical standards. It does so:
Indirectly.
Indirectly through public wrongs (the law of crimes).
Indirectly through private wrongs (the law of torts).
The real estate recovery fund is maintained by - ANS-the State Treasurer.
It is under direction by the Real Estate Commission.
Questions with correct Answers 2025/2026
100% Verified.
The Real Estate Commission has the power to - ANS-audit all files and may show up without
an appointment
investigate all licensees without any complaints made against the licensee.
You can become an employing broker when? - ANS-after 2 years and completing additional
education.
If you practice real estate without a license you will be prosecuted by - ANS-a district attorney.
You do not need a real estate license if you (8) - ANS-Any person, firm, partnership, limited
liability company, or association acting personally on its own behalf. (This includes regularly
salaried employees and officers of corporations.)
Attorney-in-fact (power of attorney) without compensation
Public official doing his or her duties
Trustee, administrator, etc., doing his or her authorized duties
Dealing in oil and gas leases
A regularly, salaried employee of an apartment building
On-site mangers of condominiums carrying out their regular duties and who are regularly
salaried
A real estate broker licensed in another state who receives a payment in a co-op relationship
A licensee will be put on probation for all of the following - ANS-Knowingly making any
misrepresentation or false or misleading advertising
Influencing, persuading, or inducing another person with false promises
, Violating the "Colorado Consumer Protection Act," Article 1 of Title 6, C.R.S.
Acting for more than one party without all parties' acknowledgment
Acting for more than one party in a transaction without the knowledge of all parties thereto.
Not placing, as soon as possible, any deposit money with the employing broker
Failure to keep good accounting of deposit money
Commingling of funds of others with broker's own money; diverting funds of others; failure of
keeping other's funds in an escrow or trustee account
Failure in providing a purchaser/seller a closing statement
Failure to maintain possession of Commission prescribed documents for a period of four years
Paying a commission to an unlicensed person for carrying out real estate activities. There is an
exception for a finder's fee paid to an out-of-state broker
Violating the Colorado or Federal Fair Housing laws
Failure to exercise reasonable supervision over the activities of licensed employees
Receiving any secret or undisclosed amount of compensation
Causing any payment to be made from the recovery fund
Failure to document the completion of the continuing education requirements
At the time of closing, the commission check can be made out to - ANS-to the brokerage
company (employing broker).
Does Colorado law dictate the ethical standards for the real estate industry? - ANS-Colorado
License Law does NOT cover ethical standards. It does so:
Indirectly.
Indirectly through public wrongs (the law of crimes).
Indirectly through private wrongs (the law of torts).
The real estate recovery fund is maintained by - ANS-the State Treasurer.
It is under direction by the Real Estate Commission.