"COLORADO VIDEO" UNIT 2 EXAM "LICENSING REQUIREMENTS" QUESTIONS AND ANSWERS|100% CORRECT ANSWERS|GRADED A+

"COLORADO VIDEO" UNIT 2 EXAM "LICENSING



All of the following are exemptions from a property manager being required to have a real est
B B B B B B B B B B B B B B B B



ate license EXCEPT - ANSWER-
B B B B The answer is the manager negotiates leases.
B B B B B B




The law provides an exemption if the manager reports to the owner or to a licensed broker, is s
B B B B B B B B B B B B B B B B B B



alaried ,and does not negotiate leases, but performs only the duties of an onsite manager.
B B B B B B B B B B B B B B




Which of the following would NOT require an active real estate license? - ANSWER-
B B B B B B B B B B B B B



is an executor of an estate selling a home
B B B B B B B B




The executor is treated like a for sale by owner and does not need a license.
B B B B B B B B B B B B B B B B




Attorneys who list and sell real estate must have an active license.
B B B B B B B B B B B B




Anyone selling time-shares in Colorado must have a license.
B B B B B B B B B




An assistant who is acting as a broker (by writing offers) must have a license.
B B B B B B B B B B B B B B B




Sales of franchises with a real estate interest require a license.
B B B B B B B B B B




When does an estate administrator selling the real property of the deceased party NOT need a
B B B B B B B B B B B B B B B



real estate license? - ANSWER-
B B B B B



When the administrator does not receive a commission for the sale
B B B B B B B B B B




As long as the administrator does not receive a commission for the sale, the administrator doe
B B B B B B B B B B B B B B B



s not need a real estate license.
B B B B B B




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Wicky