COLORADO STATE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. GRADED A+| latest update 2024/25|

COLORADO STATE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. GRADED A+ In Colorado, which of the following individuals is exempt from real estate license law? 1 An investor who owns multiple investment properties and sells 1 to an owner-occupant. 2 A right-of-way specialist who finds investment acreage for a friend and subsequently accepts a commission referral. 3 An attorney who assists in marketing a property and collects a 5% commission. 4 An inactive licensee who assists a friend with a purchase offer. - -1. investor who owns multiple investment props and sells 1 to an owner-occupant Private owners are not subject to real estate license laws When the employing broker of a corporate brokerage is suddenly unable to continue in that position, to whom may the Commission issue a temporary "hardship" license? 1 A person with sufficient ownership interest in the corporation. 2 A Colorado licensee approved by the corporate board of directors. 3 A member of the board of directors. 4 An officer or director with a broker's license from another state. - -A temporary hardship license for a corporate brokerage can only be issued to a broker or associate broker licensed in Colorado. The requirements for ownership and director status are waived. Which of the following is TRUE for a person maintaining an inactive Colorado real estate license? 1 They must maintain errors and omissions insurance. 2 They must pay regular renewal fees, but are not required to take continuing education courses while holding this license status. 3 They must complete the usual continuing education and pay the renewal fees when due. 4 They may perform no more than 5 brokerage activities in any 1 year. - -2. An inactive licensee does not need continuing education while on inactive status. Renewal of the license requires payment of the normal renewal fee. Inactive licensees do not need errors and omissions insurance and may not perform any brokerage functions. There is not a continuing education requirement to reinstate an inactive license. An associate broker ordered the following listing in the real estate section of the local phone directory: "Laura Casey, Real Estate associate broker , Residential Property My Specialty." What additional information must be included? 1 Her website and email address 2 Her license number 3 The expiration date of her license 4 The name of her employing broker - -4. employing broker all ADS must include employing brokers name A broker has created a website advertising the broker's office. What additional information should be included on the site? 1 Names of active licensees, addresses and phone numbers. 2 License number of the brokerage and a list of c