COLORADO CONTRACTS & FORMS PRACTICE QUESTIONS WITH VERIFIED ANSWERS|LATEST 2025/2026|GUARANTEED A+|VERIFIED

COLORADO CONTRACTS & FORMS PRACTICE



In Colorado approved sales contract, the Additional Provisions must contain only
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A)

Commonly used clauses. B B




B)

Transaction specific terms. B B




C)

Any terms agreed to by the seller and broker.
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D)

Any terms agreed to by the seller and buyer.
B B B B B B B B




Question points - ANSWER-
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Transaction specific terms. B B




If the buyer and seller agree to facsimile signatures, when is the latest by which original signat
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ures must be obtained?
B B B




A)

10 days before closing.
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B)

10 days after obtaining facsimile signatures.
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C)

At closing or earlier on request of the buyer or seller.
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D)

Original signatures are not required if facsimile signatures are legi - ANSWER-
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At closing or earlier on request of the buyer or seller.
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1
Wicky

,Prior to signing the contract of sale, Colorado Law provides that a lead-
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based paint disclosure signed by the seller and the licensee must be handed to the buyer:
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A)

If the building was built prior to January, 1978.
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B)

If a building permit was issued prior to January, 1978.
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C)

If the property is intended for any residential use and a building permit was issued prior to Jan
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uary, 1978. B




D)

If the property is intended for any residential use.
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Question 4 - ANSWER- B B B C)

If the property is intended for any residential use and a building permit was issued prior to Jan
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uary, 1978. B




Under Colorado case law, a title company is permitted to offer closing services including legal
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document preparation as: B B




A)

A co-broker.
B




B)

An independent contractor.
B B




C)

A scrivener of the broker.
B B B B




D)

An agent of the seller.
B B B B




Question 5 - ANSWER- B B B C)

A scrivener (notary) of the broker.
B B B B B




The main purpose of Rule F is:
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2
Wicky

, A)

So that attorneys do not have to be consulted.
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B)

To help brokers comply with the Conway-Bogue decision.
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C)

To help brokers make sales more efficiently.
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D)

To ensure that realtors follow the Rules Regulatory Commission - ANSWER-
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To help brokers comply with the Conway-Bogue decision.
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The Colorado-approved Residential Sales Contract provides a final walk-
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through. The purpose of this is: B B B B B




A)

To show the property to relatives.
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B)

To find new defects and be able to terminate the contract.
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C)

To verify that the physical condition of the property and inclusions are in compliance with the
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contract.

D)

To give the seller an opportunity to remove exclusions. - ANSWER-
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To verify that the physical condition of the property and inclusions are in compliance with the
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contract.



A change of status disclosure must be giver to the seller:
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A)

Only if the seller requests same.
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B)

By no later than the first business day after the change of status.
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3
Wicky