COLORADO REAL ESTATE- STATE PORTION EXAM QUESTIONS AND 100% CORRECT ANSWERS |LATEST 2025/2026|GRADED A+

EXAM QUESTIONS AND 100% CORRECT


ground water - ANSWER-
B B B



a pervious formation with sides and botton of relatively impervious materal, in which g
B B B B B B B B B B B B B



round water is held or retained; also called subsurface water basin
B B B B B B B B B B




holdover tenant - ANSWER-B B B



Tenant who remains in possession of leased property after the expiration of the lease t
B B B B B B B B B B B B B B



erm.



Indemnity - ANSWER- B B to insure; to secure against loss
B B B B B




independent broker - ANSWER- B B B



requiring two years of active licensed experience, passage of the Colorado part of the b
B B B B B B B B B B B B B B



roker licensing exam
B B




installment land contract - ANSWER-
B B B B



an agreement for the purchase of Real Estate on an installment basis, whereby the dee
B B B B B B B B B B B B B B



d is withheld until all or specified portion of purchase price is paid
B B B B B B B B B B B B




intestate - ANSWER- B B dying without leaving a valid will
B B B B B




leasehold - ANSWER- B B an estate or right in real property held under a lease
B B B B B B B B B B




life estate - ANSWER-
B B B



an estate or interest in real property held for the duration of the life of some certain per
B B B B B B B B B B B B B B B B B



son




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Wicky

,Lis Pendens - ANSWER-
B B B



filing against specific property, giving public notice that an action at law is pending that
B B B B B B B B B B B B B B B



may affect title to land
B B B B




mill - ANSWER-
B B one tenth of a cent, 1% of the assessed value of a property
B B B B B B B B B B B B




mutual assent - ANSWER-
B B B



"meeting of the minds" agreement of the parties to the contract, mutually consenting t
B B B B B B B B B B B B B



o be bound by its exact terms
B B B B B B




obsolescence - ANSWER- B B



impairment of desirability & usefulness of their property resulting from economic, func
B B B B B B B B B B B



tional, physical, fashion or other changes
B B B B B




party wall - ANSWER-
B B B



a wall erected on a line between adjoining properties for the use of both properties
B B B B B B B B B B B B B B




patent - ANSWER- B B



an instrument of conveyance of government owned land to an individual
B B B B B B B B B B




percentage lease - ANSWER- B B B



a commercial lease of property in which the rent is based upon a % of the sales volume
B B B B B B B B B B B B B B B B B B



derived from the leased premises
B B B B




percolation test - ANSWER- B B B



determines if soil will take sufficient water seepage for use of a septic tank
B B B B B B B B B B B B B




personalty - ANSWER- B B personal property B




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Wicky

, police power - ANSWER-
B B B



governmental right to enact legislation deemed necessary to protect & promot health,
B B B B B B B B B B B B



safety & general welfare of publice
B B B B B




receiver - ANSWER- B B



a court appointed custodian who holds property pending final disposition of the matter
B B B B B B B B B B B B



B before the court B B




redemption - ANSWER- B B



right of owner to redeem real estate by paying debt after default.
B B B B B B B B B B B




equity of redemption - ANSWER-
B B B B



right to redeem property after default but before foreclosure
B B B B B B B B




statutory right of redemption - ANSWER-
B B B B B



right of owner to redeem property after foreclosure (75 days residential property, 6 mo
B B B B B B B B B B B B B



nths agricultral property & 3 years tax sale)
B B B B B B B




restrictive covenant - ANSWER- B B B clause in a deed limiting the use of a property
B B B B B B B B B




seisin - ANSWER-B B actual possession of real estate by a freehold estate owner
B B B B B B B B B




tort - ANSWER-
B B



a negligent or intentional wrong done to another for which the law will grant money da
B B B B B B B B B B B B B B B



mages in a civil action
B B B B




VA mortgage - ANSWER-
B B B



a mortgage backed by Veterans Administration guarantee to the lender for a % of the lo
B B B B B B B B B B B B B B B



an amount
B




Vendee - ANSWER- B B Buyer

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Wicky