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

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

When legal complications in a sales contract are beyond the expertise of the broker, the broke
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r should always seek assistance from:
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1. The Colorado Real Estate Commission's legal department
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2. Another broker in his area
B B B B B




3. an attorney
B B




4. The local Realtor Association - ANSWER-
B B B B B B ANSWER: an attorney B B




On behalf of the Commission, all hearings for denying, suspending or revoking a license shall b
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e conducted by _____________.
B B B




1. a professional standards hearing panel
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2. an administrative law judge
B B B B




3. the Colorado Association of REALTORS
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4. the district attorney in the county where the hearing is being held - ANSWER-
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ANSWER: an administrative law judge B B B B




A seller agent intending to work with a buyer shall provide a written disclosure to such buyer t
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hat shall contain all of the following EXCEPT ....
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1. a statement that the broker is an agent for the seller and is not an agent for the buyer
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2. a statement that the buyer shall not be vicariously liable for the acts of the agent unless the
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buyer approves, directs or ratifies such acts
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3. a list of the tasks that the agent intends to perform with the buyer
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,4. a statement that the broker will be a transaction-broker for both - ANSWER-
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ANSWER: a statement that the broker will be a transaction-broker for both
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A contract was terminated when the buyer and seller were unable to resolve inspection issues
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. The buyer had included the buyer's inspection report as part of the inspection objection, whi
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ch included information about a number of small material items. The seller of the property ha
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s what, if any, obligation for disclosing the issues noted in the report? The seller has ________.
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1. An obligation to fully disclose all material items the buyer found which the seller now has kn
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owledge of. B




2. No obligation to disclose if the total amount of items is less than $5,000.
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3. An obligation to disclose only those items which are not latent defects.
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4. No obligation to disclose because the contract was terminated. - ANSWER-
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ANSWER: An obligation to fully disclose all material items the buyer found which the se
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ller now has knowledge of.
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If a completed Lead-
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Based Paint Disclosure form is not attached to a sales contract in which a building permit for a
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residential dwelling was issued prior to January 1, 1978, the contract is?
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1. Voidable
B




2. Void B




3. Lacking and maybe amended or extended
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4. Acceptable - ANSWER-
B B B ANSWER: Voidable B




The following are examples of funds that may NOT be placed in an escrow or trust account:
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1. Tenant security deposits
B B B




2. Owner proceeds
B B




3. Earnest money deposits
B B B




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,4. Associate broker commissions - ANSWER-
B B B B B ANSWER: Associate broker commissions B B B




A broker has asked his unlicensed assistant to show a buyer property. The most important ite
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m the broker should verify prior to the showing is that the assistant _____________________
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.



1. is competent to point out all the benefits of the properties.
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2. knows how to use a lock-box.
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3. has been taught how to answer all the buyer's questions in regard to negotiating prices.
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4. has the permission of the seller or seller's broker to show the property. - ANSWER-
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ANSWER: has the permission of the seller or seller's broker to show the property.
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Unlicensed assistants may NOT ______________.
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1. Complete a CMA and review it with the seller
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2. Deliver paperwork
B B




3. Arrange showings and confirm the broker's appointments
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4. Show property after obtaining the seller's permission - ANSWER-
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ANSWER: Complete a CMA and review it with the seller
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The holdover period in the Commission-approved Exclusive Right to Sell Listing Contract is:
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1. 120 days
B B




2. negotiable
B




3. 60 days
B B




4. 90 days - ANSWER-
B B B B ANSWER: negotiable B




In a transaction in which any Lien Holder releases its Lien against the property and accepts an
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amount less than the full amount Lien Holder claims is owed
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, 1. always requires the use of the CSBF under the Foreclosure Protection Act.
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2. will require the use of an Estoppel Statement.
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3. may require use of the Short Sale Addendum to the Contract to Buy and Sell.
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4. must include the SD16 Brokerage Disclosure to Seller (Sale by Owner) form. - ANSWER-
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ANSWER: may require use of the Short Sale Addendum to the Contract to Buy and Sell.
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An unlicensed on-site property manager is not allowed to _____________.
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1. Schedule maintenance for the property
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2. Negotiate lease terms
B B B




3. Qualify tenants
B B




4. Complete predetermined lease terms on preprinted forms - ANSWER-
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ANSWER: Negotiate lease terms B B B




The title commitment lists a number of standard exceptions, if the buyer obtains an owner's c
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overage policy this means the standard exceptions ___________________.
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1. are completely removed by the extend policy
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2. will be the obligation of the seller or seller's broker to verify they have been removed
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3. should be verified as removed by the buyer
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4. are automatically covered and will be the responsibility of the title company - ANSWER-
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ANSWER: should be verified as removed by the buyer
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The holdover period in a listing contract is:
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1. 120 days
B B




2. 60 days
B B




3. Negotiable
B




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