Colorado Post Test Exam Questions And
Answers
After closing, a buyer discovered that a suicide had recently
occurred on the property. The buyer submitted a complaint to the
Colorado Real Estate Commission against the listing broker for
failing to disclose this fact. The Commission will
A)
dismiss the complaint because stigmatization of property is not
considered a material fact.
B)
immediately suspend the license of the broker while awaiting a
hearing.
C)
investigate the complaint, submit it to a hearing, and may revoke
the license of the listing broker.
D)
void the sale and award the buyer money from the Recovery Fund.
-
correct answer ✅The answer is dismiss the complaint because
stigmatization of property is not considered a material fact. The
Colorado Real Estate Commission will not investigate a broker in
this situation because stigmatized property law protects the broker
from disclosure of these facts.
,Colorado Post Test Exam Questions And
Answers
The Colorado Real Estate Commission would investigate a
complaint
A)
from an associate broker over a dispute regarding commissions
with the employing broker.
B)
about a broker not supplying closing statements at closing.
C)
from a buyer regarding a broker not disclosing that someone was
murdered on the property.
D)
by the public involving a broker's ethics. -
correct answer ✅The answer is about a broker not supplying
closing statements at closing. The Colorado Real Estate Commission
must investigate any situation in which a broker is guilty of breaking
the law. Brokers are required to provide closing statements at
closing. The Commission does not handle ethics violations or
disputes between buyers, and stigmatized property law protects
the broker from disclosing a murder.
A broker renewing a Colorado license is required to have how many
hours of continuing education over what period of time?
,Colorado Post Test Exam Questions And
Answers
A)
36 hours over 4 years
B)
24 hours over 3 years
C)
8 hours over 2 years
D)
24 hours over 4 years -
correct answer ✅The answer is 24 hours over 3 years. The law
requires a total of 24 hours of continuing education, of which 12
must be from Annual Commission Update courses, with all
education completed over 3 years.
An active broker may fulfill the continuing education requirement
for a three-year renewal cycle by any of the following EXCEPT
A)
taking 24 hours of approved continuing education courses.
B)
taking and passing the state section of the broker licensing exam.
C)
, Colorado Post Test Exam Questions And
Answers
taking the national section of the broker licensing exam.
D)
completing 12 hours of commission updates and 12 elective hours
of approved continuing education. -
correct answer ✅The answer is taking the national section of the
broker licensing exam. The broker can take and pass the state
portion of the licensing exam or take 24 hours of continuing
education by completing 12 hours of updates and 12 hours of
elective courses to meet the continuing education requirement.
Taking the national portion of the licensing exam will not give the
broker any credit.
An inactive broker may do all of the following EXCEPT
A)
complete a contract form once the broker has given pricing
information.
B)
prepare a CMA for a licensed broker who will then present it to the
buyer.
C)
sign checks from a brokerage firm's trust account.
D)
Answers
After closing, a buyer discovered that a suicide had recently
occurred on the property. The buyer submitted a complaint to the
Colorado Real Estate Commission against the listing broker for
failing to disclose this fact. The Commission will
A)
dismiss the complaint because stigmatization of property is not
considered a material fact.
B)
immediately suspend the license of the broker while awaiting a
hearing.
C)
investigate the complaint, submit it to a hearing, and may revoke
the license of the listing broker.
D)
void the sale and award the buyer money from the Recovery Fund.
-
correct answer ✅The answer is dismiss the complaint because
stigmatization of property is not considered a material fact. The
Colorado Real Estate Commission will not investigate a broker in
this situation because stigmatized property law protects the broker
from disclosure of these facts.
,Colorado Post Test Exam Questions And
Answers
The Colorado Real Estate Commission would investigate a
complaint
A)
from an associate broker over a dispute regarding commissions
with the employing broker.
B)
about a broker not supplying closing statements at closing.
C)
from a buyer regarding a broker not disclosing that someone was
murdered on the property.
D)
by the public involving a broker's ethics. -
correct answer ✅The answer is about a broker not supplying
closing statements at closing. The Colorado Real Estate Commission
must investigate any situation in which a broker is guilty of breaking
the law. Brokers are required to provide closing statements at
closing. The Commission does not handle ethics violations or
disputes between buyers, and stigmatized property law protects
the broker from disclosing a murder.
A broker renewing a Colorado license is required to have how many
hours of continuing education over what period of time?
,Colorado Post Test Exam Questions And
Answers
A)
36 hours over 4 years
B)
24 hours over 3 years
C)
8 hours over 2 years
D)
24 hours over 4 years -
correct answer ✅The answer is 24 hours over 3 years. The law
requires a total of 24 hours of continuing education, of which 12
must be from Annual Commission Update courses, with all
education completed over 3 years.
An active broker may fulfill the continuing education requirement
for a three-year renewal cycle by any of the following EXCEPT
A)
taking 24 hours of approved continuing education courses.
B)
taking and passing the state section of the broker licensing exam.
C)
, Colorado Post Test Exam Questions And
Answers
taking the national section of the broker licensing exam.
D)
completing 12 hours of commission updates and 12 elective hours
of approved continuing education. -
correct answer ✅The answer is taking the national section of the
broker licensing exam. The broker can take and pass the state
portion of the licensing exam or take 24 hours of continuing
education by completing 12 hours of updates and 12 hours of
elective courses to meet the continuing education requirement.
Taking the national portion of the licensing exam will not give the
broker any credit.
An inactive broker may do all of the following EXCEPT
A)
complete a contract form once the broker has given pricing
information.
B)
prepare a CMA for a licensed broker who will then present it to the
buyer.
C)
sign checks from a brokerage firm's trust account.
D)
