COLORADO REAL ESTATE EXAM PREP STATE PORTION SECTION 3 REQUIREMENTS GOVERNING THE ACTIVITIES OF LICENSEES AND SECTION 4 PROPERTY MANAGEMENT: LANDLORD TENANT ACT, WATER RIGHTS, COLORADO TAXES, SECURITIES, ETC|LATEST 2025/2026 QUESTIONS AND ANSWERS|VERIFIED

COLORADO REAL ESTATE EXAM PREP STATE
PORTION SECTION 3 REQUIREMENTS GOVERNING
THE ACTIVITIES OF LICENSEES AND SECTION 4
PROPERTY MANAGEMENT: LANDLORD TENANT
ACT, WATER RIGHTS, COLORADO TAXES,
SECURITIES, ETC|LATEST 2025/2026 QUESTIONS
AND ANSWERS|VERIFIED

When is a real estate broker entitled to receive payment of his or her commission? - ANSWER-
B B B B B B B B B B B B B B B B



when he or she has 1. established employment, 2. fulfilled the terms of employment, o
B B B B B B B B B B B B B B



r 3. gotten the transaction closed-
B B B B B



unless defeated by the refusal of his or her client to consummate the sale as agreed upon.
B B B B B B B B B B B B B B B B




When is a real estate broker not entitled to receive payment of his or her commission? -
B B B B B B B B B B B B B B B B



ANSWER-
B



1. as soon as they find a ready, willing and able buyer. 2 when the buyer refuses to com
B B B B B B B B B B B B B B B B B B



plete the transaction because of title defects. 3. when the seller refuses to correct the title def
B B B B B B B B B B B B B B B B



ects because the buyer refuses to sign the contract
B B B B B B B B




Under Colorado law, which must a real estate Employing Broker always do? - ANSWER-
B B B B B B B B B B B B B



Provide adequate supervision over the activities of all licensees
B B B B B B B B




True or False: Employed brokers shall not include their names in an advertisement without inc
B B B B B B B B B B B B B B



luding the name of the broker employer. - ANSWER-
B B B B B B B B True



A brokerage, XYZ Realty, is a part of a franchise or marketing cooperative with a strong public i
B B B B B B B B B B B B B B B B B



mage. The broker's advertising must indicate this relationship by advertising - ANSWER-
B B B B B B B B B B B



Both the franchise name and XYZ Realty with the same level of prominence
B B B B B B B B B B B B




You listed PROPERTY USING AN APPROVED EXCLUSIVE RIGHT TO SELL LISTING CONTRACT. You
B B B B B B B B B B B B B



show the property you have listed to a potential buyer and provide that buyers name to the se
B B B B B B B B B B B B B B B B B



ller in writing. Your listing expires and the Sellers list exclusively with another broker. The buye
B B B B B B B B B B B B B B B



rs return and ask you to prepare an offer on the property. If they buy, who is legally entitled to
B B B B B B B B B B B B B B B B B B B B




1
Wicky

, the commission? - ANSWER-
B B B



The new listing broker earns it all and may agree to split it with your broker.
B B B B B B B B B B B B B B B




Which of the following is true about listing contracts? - ANSWER-
B B B B B B B B B B



The broker may negotiate for a future listing if contacted by the owner.
B B B B B B B B B B B B




Salesperson J- B



H paid the local telephone company to list her name in the directory under the real estate hea
B B B B B B B B B B B B B B B B B



ding as "J- B B



H, Real Estate Salesperson, Residential Property My Speciality." Based on the information, J-
B B B B B B B B B B B B



H must also include - ANSWER-
B B B B B The name of the employing broker
B B B B B




Which would be the appropriate way to complete the name of the Brokerage Firm in the blank
B B B B B B B B B B B B B B B B



B in the Exclusive Right-to-Sell Listing Contract? - ANSWER-
B B B B B B B ABC Realty, Inc.
B B




A real estate broker may not accept a commission from which of the following? - ANSWER-
B B B B B B B B B B B B B B B



a money lender, a title company, or a sale of a pre-owned warranty contract.
B B B B B B B B B B B B B




A broker has developed a web site advertising the brokers office. What, if anything, does the b
B B B B B B B B B B B B B B B B



roker need to include? - ANSWER-
B B B B B



There is no need for any additional disclosures. As long as the public can clearly identify
B B B B B B B B B B B B B B B



B the brokerage entity, the requirements are satisfied.
B B B B B B




Based on the Exclusive Right-to-
B B B B



Sell Listing Contracts, which would it be proper for the broker to disclose? - ANSWER-
B B B B B B B B B B B B B B



A leaky roof that the seller asked not to mention.
B B B B B B B B B




If the sellers parents are cosigners on the original purchase loan and are on the deed even tho
B B B B B B B B B B B B B B B B B



ugh the loan was paid off: - ANSWER-
B B B B B B B All owners of record should sign the listing
B B B B B B B




Which of the following is not true of an Employing Brokers regarding, "reasonable supervision
B B B B B B B B B B B B B



?" - ANSWER-
B B




2
Wicky