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

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

The Amend/Extend Contract With Broker is used to change : - ANSWER-
B B B B B B B B B B B



Any contract to which the broker is a party
B B B B B B B B




According to Rule F on Commission Approved Contracts what sections may be omitted from t
B B B B B B B B B B B B B B



he Contract to Buy and Sell Real Estate: - ANSWER-
B B B B B B B B B non-applicable financing conditions B B




In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into: -
B B B B B B B B B B B B B B



B ANSWER- Additional Provisions of a commission approved contract
B B B B B B




"MEC" in a contract means: - ANSWER-
B B B B B B Mutual Execution of Contract B B B




As per the Real Estate Commission position regarding Megan's Law: - ANSWER-
B B B B B B B B B B B



If important to the buyer, the buyer should check with law enforcement officials.
B B B B B B B B B B B B




Which of the following is not an approved form or contract: - ANSWER-
B B B B B B B B B B B B



Property Management Agreement B B




Which form should not be used to disclose your brokerage relationship: - ANSWER-
B B B B B B B B B B B B



Definitions of Working Relationships B B B




On The Contract to Buy and Sell Real Estate, if the buyer is in default and the seller remedy is s
B B B B B B B B B B B B B B B B B B B B



pecific performance: - ANSWER-
B B B The seller gets the earnest money and may sue.
B B B B B B B B




The Agreement to Amend\Extend is used to change the terms of: - ANSWER-
B B B B B B B B B B B B



An accepted purchase and sale contract
B B B B B




1
Wicky

,The contract to Buy and Sell Real Estate has a Dates and Deadlines section. Should these dates
B B B B B B B B B B B B B B B B B



be ignored: - ANSWER-
B B B The Time of Essence clause would come into effect
B B B B B B B B




Approved contracts and forms are regulated by the Colorado Real Estate Commission Rule F. It
B B B B B B B B B B B B B B



: - ANSWER-
B B Enables brokers to comply with the conditions of Conway-Bogue
B B B B B B B B




When an associate broker makes a disclosure using the Square Footage Disclosure form. The b
B B B B B B B B B B B B B B



roker is disclosing: - ANSWER-
B B B B The methodology and/or source of the measurements
B B B B B B




If an FHA or VA appraisal comes in less than the purchase price of a home, a buyer: - ANSWER-
B B B B B B B B B B B B B B B B B B B



Can terminate the contract and get earnest money back
B B B B B B B B




The day before the Loan Objection Deadline the lender informed the buyers that the interest r
B B B B B B B B B B B B B B B



ate had risen ¼%. The buyers- - ANSWER-
B B B B B B B



May terminate the contract and receive their earnest money back
B B B B B B B B B




The Colorado Contract to Buy & Sell states that "time is of essence hereof". This statement me
B B B B B B B B B B B B B B B B



ans that - ANSWER-
B B B Dates and deadlines will be strictly interpreted.
B B B B B B




In the Colorado Contract to Buy & Sell the inspection provision allows the buyer to terminate t
B B B B B B B B B B B B B B B B



he contract - ANSWER-
B B B



If the property is unsatisfactory in the buyer's subjective opinion.
B B B B B B B B B




Water Rights: Who owns the water rights to a property? - ANSWER-
B B B B B B B B B B B



The recorded owner of the water rights, not necessarily the owner of the property.
B B B B B B B B B B B B B




If a broker holds a purchase option as well as the listing and decides to exercise his option, he
B B B B B B B B B B B B B B B B B B B



must



Reveal he may make a profit. B B B B B




Obtain written consent of owner B B B B




2
Wicky

, Disclose he is acting as principal, not agent - ANSWER-
B B B B B B B B B All of the above
B B B




Real estate closing fees customarily appear on a settlement statement as a: - ANSWER-
B B B B B B B B B B B B B




A lender requires the use of a Name Affidavit to identify: - ANSWER-
B B B B B B B B B B B B



all of the alias' used by the borrowers
B B B B B B B




In the Colorado Listing agreement the holdover period provision entitles the broker to a com
B B B B B B B B B B B B B B



mission if the property sells to anyone: - ANSWER-
B B B B B B B B



The broker negotiated with during the listing period unless the seller lists with another
B B B B B B B B B B B B B B



exclusive broker and the "Shall" box has not been checked.
B B B B B B B B B




The approved Contract to Buy and Sell, "Property" includes: - ANSWER-
B B B B B B B B B B



The real property plus fixtures, improvements, and appurtenances
B B B B B B B




The exclusive right-to-buy contract is available as: - ANSWER-
B B B B B B B B buyer-
agency or transaction broker relationships
B B B B




In Colorado, all of the following would be required to obtain a real estate license except: -
B B B B B B B B B B B B B B B B



B ANSWER- a rental referral agent
B B B




Regarding delivery of Earnest Money: - ANSWER-
B B B B B B



If other than at the time of tender of this contract it must be delivered no later than the
B B B B B B B B B B B B B B B B B B



B Alternative Earnest Money Deadline B B B




A primarily white neighborhood was starting to change over to more racially mixed demograp
B B B B B B B B B B B B B



hic. An advertisement said "sell now before it's too late". Can the realtor be in trouble for this
B B B B B B B B B B B B B B B B B B



and if so, under what premise? - ANSWER-
B B B B B B B Yes, this is blockbusting
B B B




What qualifies as "Good Funds"? - ANSWER-
B B B B B B cashier's check B




3
Wicky