COLORADO REAL ESTATE EXAM QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|VERIFIED

COLORADO REAL ESTATE EXAM
QUESTIONS AND 100% CORRECT
ANSWERS|LATEST 2025/2026|VERIFIED

If a Seller carries back $12,000 at 10 percent interest and closes on July 9 with the first loan pa
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yment due September 1, the interest on the new loan on the settlement worksheet will be: -
B B B B B B B B B B B B B B B B



B ANSWER- $75.62 Debit Buyer & Credit Seller B B B B B




At a minimum an independent broker's written office policy must identify and describe: -
B B B B B B B B B B B B B



B ANSWER- The relationships offered to the public by such broker
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Unless modified, the powers granted in a Colorado statutory power of attorney for property ar
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e - ANSWER-
B B General in scope B B




Under which of the following circumstances would a broker license NOT be placed on inactive
B B B B B B B B B B B B B B B



status? - ANSWER- B B failing to meet your continuing education requirements
B B B B B B




The commission will, when becoming aware that a licensee has failed to maintain possession
B B B B B B B B B B B B B B



of transaction records for a period of four years, - ANSWER-
B B B B B B B B B B



Impose an administrative fine not to exceed two thousand five hundred dollars for eac
B B B B B B B B B B B B B



h separate offense
B B




If the commission finds that a licensee fails to maintain possession any documents or records r
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egarding a transaction for a period of 4 years it may do all of the following except - ANSWER-
B B B B B B B B B B B B B B B B B B



impose an administrative fine of five thousand dollars for each separate offense
B B B B B B B B B B B




A counter offer is used by the seller for all of the following except - ANSWER-
B B B B B B B B B B B B B B B



To extend the listing agreement with the listing broker
B B B B B B B B




The initial license issued to a new broker will expire: - ANSWER-
B B B B B B B B B B B



December 31 of the year of issuance B B B B B B




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Wicky

, The "Common Interest Community Governing Documents" subsection of the residential sales
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contract requires the "Governing" and "Financial" documents be delivered to buyer on or befo
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re the title Deadline by the: - ANSWER-
B B B B B B B Seller



Whenever money belonging to others has been received or banking activity has occurred in a
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trust account, the account must be reconciled to corresponding brokerage liabilities on a(n): -
B B B B B B B B B B B B B



B ANSWER- Monthly basis B




A balance due to seller is a: - ANSWER-
B B B B B B B B Debit Seller; Credit Broker B B B




Without the informed consent of buyer, a broker acting as a buyer's agent may disclose that th
B B B B B B B B B B B B B B B B



e Buyer - ANSWER-
B B B



will be laid off from the job providing the only source of income two weeks before closi
B B B B B B B B B B B B B B B B



ng.



In the event of any controversy regarding the earnest money, the holder of the earnest money
B B B B B B B B B B B B B B B



B shall: - ANSWER- B B not be required to take any action but may await any proceeding
B B B B B B B B B B B




A major purpose of Commission Rule F is to help brokers comply with the Colorado Supreme C
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ourt Conway-Bogue decision. CREM Commission Approved Forms - Rule F - ANSWER-
B B B B B B B B B B B



help brokers comply with the Colorado Supreme Court Conway-Bogue decision.
B B B B B B B B B




A "Licensee Buy Out Addendum to Contract to Buy and Sell Real Estate" is required when a lice
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nsee enters into a contract to purchase a property in all the following circumstances EXCEPT: -
B B B B B B B B B B B B B B B



B ANSWER- for personal use or future resale
B B B B B




A transaction-
B



broker may NOT do which of the following without ending his/her TB obligations: - ANSWER-
B B B B B B B B B B B B B B



Sell a buyer his own personal residence
B B B B B B




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Wicky