Real Estate Exam Prep (Colorado) VanEd || Already Passed.

True or false, when working with a buyer, an agent should make sure the buyer has enough for a down payment AND closing costs? correct answers True A major difference of a Comparative Market Analysis and an appraisal performed for a lender is that ___ correct answers Lender's appraisals for federally insured financial institutions must be prepared by licensed appraisers, while a CMA is prepared by a real estate broker At what time can a licensed broker commingle tenant security deposits and earned sales income? correct answers When the brokerage maintains less than seven single family residential units. Errors and Omissions (E&O) Insurance must be purchased through correct answers The group E&O carrier with whom the Real Estate Commission contracts, or any carrier who meets the minimum requirements established by the Commission E&O Insurance must be in place . correct answers Before an active license can be issued True or false, your clients' children who weigh less than 40 lbs. do not have to be in a "child seat" while you show property, if the parents don't care? correct answers False True or false, you should have a set of personal and business goals in order to be very successful in real estate? correct answers True True or false, the Code of Ethics is one of the requirements of being a Realtor? correct answers True True or false, dreams and goals are the same thing? correct answers False True or false, finding a company you would like to be associated with could determine your success or failure? correct answers True True or false, new agents need little contact with other licensees? correct answers False True or false, you do not need a sphere of influence if you already know a lot of people? correct answers False True or false, personal brochures are a good marketing tool? correct answers True True or false, you cannot call expired listings to see if you can list the property until 5 days have passed, in order to allow the previous listing agent time to re-list the property? correct answers False True or false, when listing a property, you should always list it for 10% more than it is worth? correct answers False