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

ANSWERS|LATEST 2025/2026|GUARANTEED


Regarding a dispute over Earnest Money - if no lawsuit is filed, the broker may:
B B B B B B B B B B B B B B




A. surrender the money to the state Real Estate Commission
B B B B B B B B B




B. surrender the money to the court in an interpleader action
B B B B B B B B B B




C. surrender the money to the party with the best lawyer
B B B B B B B B B B




D. surrender the money to the court by way of "Notice of Appearance". - ANSWER-
B B B B B B B B B B B B B B



B. surrender the money to the court in an interpleader action
B B B B B B B B B B




Loan fraud can have the following results to a real estate licensee except:
B B B B B B B B B B B B




A. criminal action filed in criminal court
B B B B B B




B. disbarred by HUD from all federal programs
B B B B B B B




C. end of a career in real estate
B B B B B B B




D. no action taken - ANSWER-
B B B B B D. no action taken
B B B




The maximum amount of days that can be specified in the Holdover Period in the Listing Contr
B B B B B B B B B B B B B B B B



act is: B




B A. 30 days
B B




B. 60 days
B B




C. 90 days
B B




D. negotiable by Seller and Broker - ANSWER-
B B B B B B B D. negotiable by Seller and Broker
B B B B B




On a new loan closing, the settlement worksheet entry for a tax reserve indicates that the new
B B B B B B B B B B B B B B B B



lender is
B B




A. Withholding this amount from loan proceeds to start the escrow account for the next tax pa
B B B B B B B B B B B B B B B B



yment

B. Collecting this tax amount from the seller
B B B B B B B




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Wicky

,C. Contributing this amount toward the buyer's taxes for this year
B B B B B B B B B B




D. There is no such thing as a Tax Reserve - ANSWER-
B B B B B B B B B B B



A. Withholding this amount from loan proceeds to start the escrow account for the nex
B B B B B B B B B B B B B B



t tax paymen
B B




Which of the following is true when an employing broker changes the primary business addre
B B B B B B B B B B B B B B



ss?

A. the broker must notify the commission in a manner acceptable to the commission or the lic
B B B B B B B B B B B B B B B B



ense will become inactive B B B




B. each employed licensee must notify the commission of the change
B B B B B B B B B B




C. the change may be noted at the next license renewal cycle
B B B B B B B B B B B




D. all licenses of employees must be sent to the commission for reissue - ANSWER-
B B B B B B B B B B B B B B



A. the broker must notify the commission in a manner acceptable to the commission or
B B B B B B B B B B B B B B



B the license will become inactive
B B B B




An Environmental Impact Statement (EIS)
B B B B



B




A. summarizes the environmental impact of an existing project
B B B B B B B B




B. is used primarily for state and Federally funded projects
B B B B B B B B B




C. must be approved by all affected water districts
B B B B B B B B




D. projects the impact on the environment of a proposed project - ANSWER-
B B B B B B B B B B B B



D. projects the impact on the environment of a proposed project
B B B B B B B B B B




The real estate contract for a specific property for use as an unlicensed petroleum sales operat
B B B B B B B B B B B B B B B



ion was forced to terminate. The termination was the result of:
B B B B B B B B B B




B A. impossibility of performance
B B B




B. novation
B




C. breach of contract
B B B




D. operation of law - ANSWER-
B B B B B A. impossibility of performance
B B B




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, In order for the appraiser to obtain access to the property, he or she must first obtain permissi
B B B B B B B B B B B B B B B B B



on from the: B B




B A. listing agent
B B




B. Title Company
B B




C. buyer B




D. selling agent - ANSWER-
B B B B A. listing agent
B B




The IRS requires which of the following documents to be completed by the seller at the time o
B B B B B B B B B B B B B B B B B



f closing?
B



B




A. W-9 B




B. 1099-S B




C. W-4 B




D. 1031-E - ANSWER-
B B B B. 1099-S B




A seller providing financing may be exempt from attaining a lender's license if they have compl
B B B B B B B B B B B B B B B



eted:

B A. a seller providing financing always needs a mortgage license
B B B B B B B B B




B. less than 3 transactions in the past 12 months
B B B B B B B B B




C. less than 5 transactions in the past 12 months
B B B B B B B B B




D. less than 5 transactions is the past 15 months. - ANSWER-
B B B B B B B B B B B



B. less than 3 transactions in the past 12 months
B B B B B B B B B




In Colorado, which of the following must be investigated by the real estate commission?
B B B B B B B B B B B B B




A. any verified written complaint
B B B B




B B. at least five percent of all brokers annually
B B B B B B B B




B C. disputes between brokers regarding commission
B B B B B




B D. any licensee accused of a crime - ANSWER-
B B B B B B B B A. any verified written complaint
B B B B




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