Colorado Real Estate State Portion Study guides, Class notes & Summaries

A licensee may accept compensation from: - ANSWER-The licensees employing broker only When a licensee uses a licensee buyout addendum you are putting the seller on notice that: - ANSWER-The buyer is a licensee, the buyer may make a profit and the seller may incur a loss. When must a listing broker disclose to a potential buyer the broker's working relationship with the seller? - ANSWER-In writing before receiving or eliciting confidential information Agent Mike is the broker owner of A...

Who usually deposits the earnest money check into escrow after a contract has been accepted? - ANSWER-Listing Broker The licensee buy-out addendum must be used under all of the following conditions except: - ANSWER-When a licensee is purchasing the property as a rental investment. What is the purpose of the real estate commission in Colorado? - ANSWER-to protect the public As a buyer agent under an exclusive right to buy agreement, the broker has what agency relationship to the purchase...

COLORADO EXAM REAL ESTATE STATE PORTION QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. When must earnest money be deposited? Not later than the third business day after notice to buyer of acceptance. When a real estate broker is preparing a contract for the sale of real estate in respect of when a building permit was issued prior to January 1, 1978, the agreement will be: Void unless a completed Lead-Based Paint Disclosure is completed and signed by both the licensees to the transaction a...

Who usually deposits the earnest money check into escrow after a contract has been accepted? - ️️Listing Broker The licensee buy-out addendum must be used under all of the following conditions except: - ️️When a licensee is purchasing the property as a rental investment. What is the purpose of the real estate commission in Colorado? - ️️to protect the public As a buyer agent under an exclusive right to buy agreement, the broker has what agency relationship to the purchaser? ...

Colorado Real Estate- State Portion Questions and Answers Already Passed Who usually deposits the earnest money check into escrow after a contract has been accepted? Listing Broker The licensee buy-out addendum must be used under all of the following conditions except: When a licensee is purchasing the property as a rental investment. What is the purpose of the real estate commission in Colorado? to protect the public As a buyer agent under an exclusive right to buy agreement, the broker has...

A real estate broker filling out a listing agreement finds that there is not enough room for the legal description. The broker may: - correct answer Attach the legal description as information may be added outside the body of the contract A licensee may accept compensation from: - correct answer The licensees employing broker only When a licensee uses a licensee buyout addendum you are putting the seller on notice that: - correct answer The buyer is a licensee, the buyer may make a profit ...