4/22/25, 1:34 PM Colorado Contracts & Regulations Final
COLORADO CONTRACTS & REGULATION ACTUAL FINAL EXAM
NEWEST VERSION \\LATEST VERSION WITH UPDATED
QUESTIONS AND CORRECT DETAILED ANSWERS \\REAL EXAM
WITH VERIFIED SOLUTIONS GUARANTEED PASS ALREADY
GRADED A+ BRAND NEW 2025
Terms in this set (171)
A Licensee Buy-Out Solely for personal use or future resale
Addendum to the
Contract to Buy and Sell
Real Estate is required
when a licensee enters
into a
contract to purchase a
property in all the following
circumstances
EXCEPT:__________
In order to extend a loan Both parties must agree in writing
objection deadline
2. requiring the seller to provide the property in
A broker may add a professionally clean condition at closing
clause to additional 3. requiring the seller to have a professional clean and
provisions of the Contract service the furnace prior to closing
to Buy and Sell Real both 2 and 3 are correct
Estate ______ _.
The Cash at Closing figure in 2. the difference between the purchase price and money listed
the Price and Terms section from various sources
3. not include loan costs and other possible
of the Contract to Buy and
buyer's closing costs 2 and 3 are correct
Sell
When an associate changes The firm owns the listings
/ 1/20
,4/22/25, 1:34 PM Colorado Contracts & Regulations Final
brokers,
The MINIMUM time allotted 215 days
for an
agricultural property,
through the Public Trustee's
office after filing of the
notice of election and
demand (NED) to foreclose is:
The buyer specifies in the The earnest money is due back to buyer.
additional
provisions section of the
contract that the sale is
conditional upon something
specific that must occur
within the next 7 days
otherwise contract will
terminate. What happens if
the specific event does not
occur?
A buyer's agent, arranging must use the approved Brokerage Disclosure to Seller (FSBO)
to show a For Sale By Owner form
property, ___________
After the foreclosure sale, the owners may not redeem after the foreclosure sale
trustor or mortgagor who
wishes to reclaim their
residential property may
do so in Colorado within
what time frame?
Square footage of the home Must be obtained from a reliable source
Any additional cost in Must be negotiated
obtaining an ILC or survey is
the responsibility of the:
Fiduciary duties of transaction brokers do not have fiduciary duties.
transaction broker are the
following:
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, 4/22/25, 1:34 PM Colorado Contracts & Regulations Final
Disclosure of material facts is Never optional
_________
2. Brokers, when selling their own property, must disclose their
The following statement is ownership
3. Brokers, when selling their own property, must
True regarding brokers
owning their own property disclose that they are a licensed broker
4. Both 2 and 3 are correct
A commission rule allows for to specifically state a termination date
listings ____
A common interest seller
community subsection of a
residential sales contract
requires the "governing
documents" and "financial
documents" be delivered
to buyer on or before the
Title Deadline. Who is
responsible for furnishing
the HOA documents and
financial statements?
A buyer who has signed a The buyer may have the lender pay the broker's commission
buyer broker
contract may do all of the
following except
_______
Deletions in computer must be lined out so the original language is visible or shown as
generated approved forms ... 'omitted'
If a seller wants to sell a The seller is responsible for disclosing any known defects
property 'as is',
The Exclusive Right to Sell Seller and the brokerage firm
listing contract is between
___
The __ form can be used to Amend/Extend
change the
Objection Deadline.
When filling out a The broker must fill in only the dates that have changed
counterproposal form
2. the listing broker must still do a visual inspection
or ask questions regarding material defects
If a seller wants to sell a 3. the listing broker is obligated to disclose any known material
/ 3/20
COLORADO CONTRACTS & REGULATION ACTUAL FINAL EXAM
NEWEST VERSION \\LATEST VERSION WITH UPDATED
QUESTIONS AND CORRECT DETAILED ANSWERS \\REAL EXAM
WITH VERIFIED SOLUTIONS GUARANTEED PASS ALREADY
GRADED A+ BRAND NEW 2025
Terms in this set (171)
A Licensee Buy-Out Solely for personal use or future resale
Addendum to the
Contract to Buy and Sell
Real Estate is required
when a licensee enters
into a
contract to purchase a
property in all the following
circumstances
EXCEPT:__________
In order to extend a loan Both parties must agree in writing
objection deadline
2. requiring the seller to provide the property in
A broker may add a professionally clean condition at closing
clause to additional 3. requiring the seller to have a professional clean and
provisions of the Contract service the furnace prior to closing
to Buy and Sell Real both 2 and 3 are correct
Estate ______ _.
The Cash at Closing figure in 2. the difference between the purchase price and money listed
the Price and Terms section from various sources
3. not include loan costs and other possible
of the Contract to Buy and
buyer's closing costs 2 and 3 are correct
Sell
When an associate changes The firm owns the listings
/ 1/20
,4/22/25, 1:34 PM Colorado Contracts & Regulations Final
brokers,
The MINIMUM time allotted 215 days
for an
agricultural property,
through the Public Trustee's
office after filing of the
notice of election and
demand (NED) to foreclose is:
The buyer specifies in the The earnest money is due back to buyer.
additional
provisions section of the
contract that the sale is
conditional upon something
specific that must occur
within the next 7 days
otherwise contract will
terminate. What happens if
the specific event does not
occur?
A buyer's agent, arranging must use the approved Brokerage Disclosure to Seller (FSBO)
to show a For Sale By Owner form
property, ___________
After the foreclosure sale, the owners may not redeem after the foreclosure sale
trustor or mortgagor who
wishes to reclaim their
residential property may
do so in Colorado within
what time frame?
Square footage of the home Must be obtained from a reliable source
Any additional cost in Must be negotiated
obtaining an ILC or survey is
the responsibility of the:
Fiduciary duties of transaction brokers do not have fiduciary duties.
transaction broker are the
following:
/ 2/20
, 4/22/25, 1:34 PM Colorado Contracts & Regulations Final
Disclosure of material facts is Never optional
_________
2. Brokers, when selling their own property, must disclose their
The following statement is ownership
3. Brokers, when selling their own property, must
True regarding brokers
owning their own property disclose that they are a licensed broker
4. Both 2 and 3 are correct
A commission rule allows for to specifically state a termination date
listings ____
A common interest seller
community subsection of a
residential sales contract
requires the "governing
documents" and "financial
documents" be delivered
to buyer on or before the
Title Deadline. Who is
responsible for furnishing
the HOA documents and
financial statements?
A buyer who has signed a The buyer may have the lender pay the broker's commission
buyer broker
contract may do all of the
following except
_______
Deletions in computer must be lined out so the original language is visible or shown as
generated approved forms ... 'omitted'
If a seller wants to sell a The seller is responsible for disclosing any known defects
property 'as is',
The Exclusive Right to Sell Seller and the brokerage firm
listing contract is between
___
The __ form can be used to Amend/Extend
change the
Objection Deadline.
When filling out a The broker must fill in only the dates that have changed
counterproposal form
2. the listing broker must still do a visual inspection
or ask questions regarding material defects
If a seller wants to sell a 3. the listing broker is obligated to disclose any known material
/ 3/20
