COLORADO CONTRACTS AND
REGULATIONS (PRACTICE
EXAM )QUESTIONS WITH CORRECT
ANSWERS!!
When a broker transfers his or her license to another brokerage firm, any current
listing agreements: - ANSWERremain with the original brokerage firm.
Absent any written disclosure or contract with the public, Colorado law presumes the
brokerage relationship with the buyer/seller to be that of a/an _____ . -
ANSWERTransaction Broker.
According to Commission Rule F, brokers printing commission-approved Contracts
to Buy and Sell Real Estate may do all of the following EXCEPT: - ANSWERReplace
the lead-based paint paragraph with the words "omitted."
A listing broker may claim a commission under the holdover provisions of the
Contract to Buy and Sell Real Estate within how many days after the listing expires?
- ANSWERAs negotiated in the contract
The Seller's Property Disclosure form is completed by the _____ . - ANSWERSeller
to the best of seller's current actual knowledge.
Colorado's designated broker rules do NOT apply to: - ANSWERA real estate
brokerage firm consisting of only 1 licensed natural person.
A brokerage relationship between a buyer and a broker includes: - ANSWEROnly
the buyer and the broker.
A broker may negotiate the terms upon which to take a future listing, or even take a
listing to become effective upon expiration of an existing exclusive listing provided
the broker: - ANSWERIs contacted by the current owner.
The Exclusive Right-to-Buy contract provides for payment of the brokerage firm's fee
by optional instruction for the: - ANSWERAll of the above.
The Colorado commission-approved Earnest Money Release Form: - ANSWERB
(Allows for a division of money between seller and buyer) and C (Details the
property, names of buyer and seller, date of contract) only.
The Real Estate Commission may NOT issue a temporary license to prevent
hardship to a: - ANSWERSole proprietor.
REGULATIONS (PRACTICE
EXAM )QUESTIONS WITH CORRECT
ANSWERS!!
When a broker transfers his or her license to another brokerage firm, any current
listing agreements: - ANSWERremain with the original brokerage firm.
Absent any written disclosure or contract with the public, Colorado law presumes the
brokerage relationship with the buyer/seller to be that of a/an _____ . -
ANSWERTransaction Broker.
According to Commission Rule F, brokers printing commission-approved Contracts
to Buy and Sell Real Estate may do all of the following EXCEPT: - ANSWERReplace
the lead-based paint paragraph with the words "omitted."
A listing broker may claim a commission under the holdover provisions of the
Contract to Buy and Sell Real Estate within how many days after the listing expires?
- ANSWERAs negotiated in the contract
The Seller's Property Disclosure form is completed by the _____ . - ANSWERSeller
to the best of seller's current actual knowledge.
Colorado's designated broker rules do NOT apply to: - ANSWERA real estate
brokerage firm consisting of only 1 licensed natural person.
A brokerage relationship between a buyer and a broker includes: - ANSWEROnly
the buyer and the broker.
A broker may negotiate the terms upon which to take a future listing, or even take a
listing to become effective upon expiration of an existing exclusive listing provided
the broker: - ANSWERIs contacted by the current owner.
The Exclusive Right-to-Buy contract provides for payment of the brokerage firm's fee
by optional instruction for the: - ANSWERAll of the above.
The Colorado commission-approved Earnest Money Release Form: - ANSWERB
(Allows for a division of money between seller and buyer) and C (Details the
property, names of buyer and seller, date of contract) only.
The Real Estate Commission may NOT issue a temporary license to prevent
hardship to a: - ANSWERSole proprietor.
