COLORADO REAL ESTATE EXAM QUESTIONS AND ANSWERS|LATEST 2025/2026|VERIFIED

CORRECT ANSWERS |LATEST


Who usually deposits the earnest money check into escrow after a contract has been accepte
B B B B B B B B B B B B B B



d? - ANSWER-
B B Listing Broker B




The licensee buy-out addendum must be used under all of the following conditions except: -
B B B B B B B B B B B B B B



B ANSWER- When a licensee is purchasing the property as a rental investment.
B B B B B B B B B B




What is the purpose of the real estate commission in Colorado? - ANSWER-
B B B B B B B B B B B B



to protect the public
B B B




As a buyer agent under an exclusive right to buy agreement, the broker has what agency relati
B B B B B B B B B B B B B B B B



onship to the purchaser? - ANSWER-
B B B B B Fiduciary



A high level of supervision by employing brokers: - ANSWER-
B B B B B B B B B



Would include: review of documents in preparation for a closing, assistance in preparin
B B B B B B B B B B B B



g contracts, monitoring of transactions from contracting to closing, attending closings, or maki
B B B B B B B B B B B B



ng sure an experienced licensee attends the closing, being reasonably available for consultatio
B B B B B B B B B B B B



n



According to the exclusive right to sell listing contract the listing broker must disclose to any p
B B B B B B B B B B B B B B B B



ossible buyer - ANSWER- B B B All material facts about the property the broker knows
B B B B B B B B




When a licensee uses a licensee buyout addendum your are putting the seller on notice that -
B B B B B B B B B B B B B B B B



ANSWER-
B



The buyer is a licensee the buyer may make a profit and the seller may incur a loss.
B B B B B B B B B B B B B B B B B




Checking the will owe box in the holdover clause in the exclusive right to sell listing contract pr
B B B B B B B B B B B B B B B B B



otects the listing brokers commission for disclosed buyers - ANSWER-
B B B B B B B B B




1
Wicky

, For the period of time specified in the contract even if the property is relisted by anoth
B B B B B B B B B B B B B B B B



er broker B




The Colorado approved Agreement to Amend/Extend form should be signed - ANSWER-
B B B B B B B B B B B



Before the sales contract has been fully executed
B B B B B B B




For a deed to be valid in Colorado, which of the following must be true concerning the grantor
B B B B B B B B B B B B B B B B B



s signature - ANSWER-
B B B The grantors signature is required
B B B B




In Colorado a property subject to general ad valorem taxes is assessed on the first day of Janua
B B B B B B B B B B B B B B B B B



ry of the current year and the lien against the property for the taxes attaches - ANSWER-
B B B B B B B B B B B B B B B B



At that timeB B




A licensee may accept compensation from: - ANSWER-
B B B B B B B



The licensee's employing broker only
B B B B




A transaction broker when handling both sides of the transaction has a fiduciary responsibility
B B B B B B B B B B B B B



B to - ANSWER-B B Neither the buyer nor the seller B B B B B




Which one of the following lists an unacceptable combination of relationships for a single brok
B B B B B B B B B B B B B B



er on a particular transaction - ANSWER-
B B B B B B



Transaction broker for the buyer and agent for the seller B B B B B B B B B




A blind person with a seeing eye dog makes application with a property manager for residence
B B B B B B B B B B B B B B B



in an apartment complex. There is a no pet policy currently being enforced. What action may t
B B B B B B B B B B B B B B B B B



he property manager take? - ANSWER-
B B B B B



Charge no let deposit and only require the repair of any damage
B B B B B B B B B B B




A developer is selling several parcels of property that have been developed. The developer wa
B B B B B B B B B B B B B B



nts to have his attorney prepare a sales contract that refers to the legal description and stipula
B B B B B B B B B B B B B B B B



tes the warranties the developer is making. Which of the following is true - ANSWER-
B B B B B B B B B B B B B B




2
Wicky