COLORADO REAL ESTATE SCHOOL FINAL STATE EXAM PT. 2|ACTUAL EXAM QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GRADED A+

COLORADO REAL ESTATE SCHOOL FINAL STATE

CORRECT ANSWERS|LATEST 2025/2026|GRADED


You pass your real estate exams. You are not ready to work yet. How long do you have to apply
B B B B B B B B B B B B B B B B B B B B



for your license before forfeiting all rights to your passing score? - ANSWER-
B B B B B B B B B B B B 1 year
B




A Buyer's agent approaches a for sale by owner on behalf of his client. What disclosure is requi
B B B B B B B B B B B B B B B B B



red? - ANSWER- B B Disclosure of the broker's relationship with the buyer B B B B B B B




It is the duty of an agent to disclose fully to the principal every step taken in the transaction of
B B B B B B B B B B B B B B B B B B B B



the principal's business. This is because: - ANSWER-
B B B B B B B the agent is a fiduciary
B B B B




According to the Colorado Licensing Law, in order for a non-resident to become a broker: -
B B B B B B B B B B B B B B B



ANSWER-
B



he must be a broker from his home state and pass Colorado licensing laws, but need no
B B B B B B B B B B B B B B B B



t open an office in Colorado
B B B B B




If a licensee fails to complete the continuing education requirements by the renewal date: -
B B B B B B B B B B B B B B



B ANSWER- the license is placed on inactive status
B B B B B B




Every active real estate licensee must be covered by errors and omissions insurance. What is t
B B B B B B B B B B B B B B B



he highest deductible per occurrence allowed by the Commission? - ANSWER-
B B B B B B B B B B 1000



Your client is: - ANSWER-
B B B B the party who signs an agency contract with you
B B B B B B B B




According to Colorado law, in the absence of a written agreement to the contrary, a real estate
B B B B B B B B B B B B B B B B



B broker: - ANSWER- B B represents neither the buyer nor the seller B B B B B B




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, The Definitions of Working Relationships form has the effect of: - ANSWER-
B B B B B B B B B B B



disclosing the different types of relationships that are available
B B B B B B B B




An exclusive right-to-buy (Buyer Agency) contract may : - ANSWER-
B B B B B B B B B



not continue for an indefinite period of time without a specific termination date
B B B B B B B B B B B B




have a termination date up to one year after the start of the contract
B B B B B B B B B B B B B




may involve three or more parties to the contract
B B B B B B B B B




B all of the above are correct
B B B B B




What legal duties does a seller's agent owe to a buyer who does not have agent representatio
B B B B B B B B B B B B B B B B



n? - ANSWER-B B



Fair and honest dealing and disclosure of material facts about the property
B B B B B B B B B B B




A broker acting as a transaction broker for a buyer, with no written agreement needs: -
B B B B B B B B B B B B B B B



ANSWER-
B



to provide the buyer with a copy of the "Brokerage Disclosure to Buyer" with the broker
B B B B B B B B B B B B B B B



's signature showing the date it was given to the Buyer.
B B B B B B B B B B




An appropriate duty for an agent but not a transaction broker would be: - ANSWER-
B B B B B B B B B B B B B B



Counseling as to material benefits and risks B B B B B B




A broker is showing a property in which a heinous crime was committed. The broker is aware o
B B B B B B B B B B B B B B B B B



f the circumstances surrounding the crime as a result of media attention. As a transaction brok
B B B B B B B B B B B B B B B



er working with a buyer, he is obligated to: - ANSWER-
B B B B B B B B B B



make no disclosure regarding psychologically impacted properties
B B B B B B




An agency relationship may be established by: - ANSWER-
B B B B B B B B a written agreement
B B




According to Colorado law, dual agency is: - ANSWER-
B B B B B B B B illegal

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