COLORADO REAL ESTATE STATE EXAM REVIEW QUESTIONS AND ANSWERS/ VERIFIED.| latest update 2024/25|

COLORADO REAL ESTATE STATE EXAM REVIEW QUESTIONS AND ANSWERS/ VERIFIED. If a licensee adds an addendum, that he has created, to the Contract to Buy and Sell Real Estate, the licensee: - --A. should only use a commission-approved addendum form. B. is acting as a transaction broker by writing an addendum. C. Is providing an additional service to the principal and can charge a fee. D. is in violation of Commission rules and could be disciplined by the Commission. In the Colorado Real Estate Commission-approved Contract to Buy and Sell Real Estate, earnest money is held on behalf of the: - --A. buyer only B. seller only C. buyer and seller D. seller and broker In the Colorado Real Estate Commission-approved Contract to Buy and Sell Real Estate, the amount due at closing may NOT be paid by: - -A. an out-of-state teller's check. B. a local certified check. C. an out-of-state cashier's check. -D. a local personal check. In providing a "high level of supervision" to licensees with less than two years of experience the employing broker or an experienced licensee MUST: - -A. develop a weekly work plan with the new licensees. -B. assign a mentor to supervise the new licensees