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COLORADO REAL ESTATE FINAL EXAM BUNDLE. VERIFIED.
COLORADO REAL ESTATE FINAL EXAM REVIEW QUESTIONS & ANSWERS. GRADED A | latest update 2024/25|
[Show more]COLORADO REAL ESTATE FINAL EXAM REVIEW QUESTIONS & ANSWERS. GRADED A | latest update 2024/25|
[Show more]COLORADO REAL ESTATE STATE PORTION EXAM PREP EXAM 
REVIEW QUESTIONS AND ANSWERS, RATED A+. 
True or False? Colorado real estate license law was enacted to protect brokers? - -FALSE-The law 
protects the public in dealing with licensed brokers. 
True or False? The Real Estate Commission must invest...
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Add to cartCOLORADO REAL ESTATE STATE PORTION EXAM PREP EXAM 
REVIEW QUESTIONS AND ANSWERS, RATED A+. 
True or False? Colorado real estate license law was enacted to protect brokers? - -FALSE-The law 
protects the public in dealing with licensed brokers. 
True or False? The Real Estate Commission must invest...
COLORADO REAL ESTATE STATE EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ 
All unpaid ad valorem taxes become delinquent and a LIEN after what date? - -June 15th, and they 
become a lien on January 1st of the following year. 
In a transaction that is subject to a licensee buyout agreement, if the ...
Preview 2 out of 11 pages
Add to cartCOLORADO REAL ESTATE STATE EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ 
All unpaid ad valorem taxes become delinquent and a LIEN after what date? - -June 15th, and they 
become a lien on January 1st of the following year. 
In a transaction that is subject to a licensee buyout agreement, if the ...
COLORADO REAL ESTATE STATE EXAM REVIEW QUESTIONS AND 
ANSWERS, RATED A+/ 
All unpaid ad valorem taxes become delinquent and a LIEN after what date? - -June 15th, and they 
become a lien on January 1st of the following year. 
In a transaction that is subject to a licensee buyout agreement, if the b...
Preview 2 out of 11 pages
Add to cartCOLORADO REAL ESTATE STATE EXAM REVIEW QUESTIONS AND 
ANSWERS, RATED A+/ 
All unpaid ad valorem taxes become delinquent and a LIEN after what date? - -June 15th, and they 
become a lien on January 1st of the following year. 
In a transaction that is subject to a licensee buyout agreement, if the b...
| latest update 2024/25|COLORADO REAL ESTATE STATE EXAM PART 1: EXAM REVIEW 
QUESTIONS AND ANSWERS, WITH RATIONALE/ GRADED A+/ 
According to the Exclusive-Right-To-Sell Listing Contract, what happens to the earnest money if the buyer 
defaults? 
a.The seller and listing broker evenly split the fun...
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Add to cart| latest update 2024/25|COLORADO REAL ESTATE STATE EXAM PART 1: EXAM REVIEW 
QUESTIONS AND ANSWERS, WITH RATIONALE/ GRADED A+/ 
According to the Exclusive-Right-To-Sell Listing Contract, what happens to the earnest money if the buyer 
defaults? 
a.The seller and listing broker evenly split the fun...
COLORADO REAL ESTATE SCHOOL/ MISSED AND STUCK EXAM 
QUESTIONS & ANSWERS, GRADED A+/ 
Which of the following requires the use of the Licensee Buyout Addendum to the contract to Buy & Sell? 
1. A listing associates offer to purchase a listing immediately after it expires 
2. A broker is offering a gu...
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Add to cartCOLORADO REAL ESTATE SCHOOL/ MISSED AND STUCK EXAM 
QUESTIONS & ANSWERS, GRADED A+/ 
Which of the following requires the use of the Licensee Buyout Addendum to the contract to Buy & Sell? 
1. A listing associates offer to purchase a listing immediately after it expires 
2. A broker is offering a gu...
COLORADO REAL ESTATE FOCUS QUESTION EXAM REVIEW 
QUESTIONS AND ANSWERS, GRADED A+. 
Which of the following is true concerning listings based on a "net price?" 
A) they are illegal in Colorado 
B) they are more profitable because no minimum is set on the amount of commission 
C) they are legal in C...
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Add to cartCOLORADO REAL ESTATE FOCUS QUESTION EXAM REVIEW 
QUESTIONS AND ANSWERS, GRADED A+. 
Which of the following is true concerning listings based on a "net price?" 
A) they are illegal in Colorado 
B) they are more profitable because no minimum is set on the amount of commission 
C) they are legal in C...
COLORADO REAL ESTATE FINAL EXAM REVIEW QUESTIONS & 
ANSWERS. GRADED A+ 
According to the Exclusive-Right-To-Sell Listing Contract, what happens to the earnest money if the buyer 
defaults? - -BuyerThe seller gets the funds 
The journal: - -is a chronological record of all receipts and disbursement...
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Add to cartCOLORADO REAL ESTATE FINAL EXAM REVIEW QUESTIONS & 
ANSWERS. GRADED A+ 
According to the Exclusive-Right-To-Sell Listing Contract, what happens to the earnest money if the buyer 
defaults? - -BuyerThe seller gets the funds 
The journal: - -is a chronological record of all receipts and disbursement...
COLORADO REAL ESTATE FINAL DEFINITIONS EXAM REVIEW 
QUESTIONS AND ANSWERS, RATED A+/ 
Describing property by degrees, feet, and monuments is called: 
A) Maps and Plats System 
B) Rectangular Survey System 
C) Metes and Bounds 
D) Lots and Block - -C) Metes and Bounds 
A defect or a cloud of title of...
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Add to cartCOLORADO REAL ESTATE FINAL DEFINITIONS EXAM REVIEW 
QUESTIONS AND ANSWERS, RATED A+/ 
Describing property by degrees, feet, and monuments is called: 
A) Maps and Plats System 
B) Rectangular Survey System 
C) Metes and Bounds 
D) Lots and Block - -C) Metes and Bounds 
A defect or a cloud of title of...
COLORADO REAL ESTATE EXAM- CH 2 LICENSING REQUIREMENTS 
EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+/ 
E&O Insurance - -E&O insurance protects the Broker against loss from oversights in filling out 
forms and conducting business. It does not protect the Broker if fraud is 
involved or alleged in the ...
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Add to cartCOLORADO REAL ESTATE EXAM- CH 2 LICENSING REQUIREMENTS 
EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+/ 
E&O Insurance - -E&O insurance protects the Broker against loss from oversights in filling out 
forms and conducting business. It does not protect the Broker if fraud is 
involved or alleged in the ...
COLORADO REAL ESTATE EXAM REVIEW QUESTIONS & 
ANSWERS. GRADED A+/ VERIFIED. 
every valid contract must meet all of the following requirements except - -earnest money 
to have a valid contract four elements are needed - -1) competent parties 
2) mutual consent 
3) legal consideration 
4) legal ob...
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Add to cartCOLORADO REAL ESTATE EXAM REVIEW QUESTIONS & 
ANSWERS. GRADED A+/ VERIFIED. 
every valid contract must meet all of the following requirements except - -earnest money 
to have a valid contract four elements are needed - -1) competent parties 
2) mutual consent 
3) legal consideration 
4) legal ob...
COLORADO REAL ESTATE EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+. VERIFIED. 
If a Seller carries back $12,000 at 10 percent interest and closes on July 9 with the first loan payment due 
September 1, the interest on the new loan on the settlement worksheet will be: - -$75.62 Debit Buyer 
& Cred...
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Add to cartCOLORADO REAL ESTATE EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+. VERIFIED. 
If a Seller carries back $12,000 at 10 percent interest and closes on July 9 with the first loan payment due 
September 1, the interest on the new loan on the settlement worksheet will be: - -$75.62 Debit Buyer 
& Cred...
COLORADO REAL ESTATE EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ VERIFIED. 
Colorado Real Estate License law was enacted to protect brokers - -False 
The Real Estate Commission must investigate every complaint against a licensee - -False 
If a licensee violates the license law, the Commission ma...
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Add to cartCOLORADO REAL ESTATE EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ VERIFIED. 
Colorado Real Estate License law was enacted to protect brokers - -False 
The Real Estate Commission must investigate every complaint against a licensee - -False 
If a licensee violates the license law, the Commission ma...
COLORADO REAL ESTATE EXAM QUESTIONS & ANSWERS, 
GRADED A+/ VERIFIED. 
According to the Colorado Licensing Law, in order for a non-resident to become a broker: - -• he must 
meet Colorado licensing law only 
• he must be involved in real estate in his home state 
• he must be 21 and have been...
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Add to cartCOLORADO REAL ESTATE EXAM QUESTIONS & ANSWERS, 
GRADED A+/ VERIFIED. 
According to the Colorado Licensing Law, in order for a non-resident to become a broker: - -• he must 
meet Colorado licensing law only 
• he must be involved in real estate in his home state 
• he must be 21 and have been...
COLORADO REAL ESTATE EXAM PREP STATE PORTION SECTION 
5, FORMS AND CONTRACTS. QUESTIONS & ANSWERS, RATED A+/ 
The Supreme Court decision in the Conway-Bogue case relating to the practice of law by real estate 
brokers and employed licensees stated: - -Colorado licensees completing standard form are...
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Add to cartCOLORADO REAL ESTATE EXAM PREP STATE PORTION SECTION 
5, FORMS AND CONTRACTS. QUESTIONS & ANSWERS, RATED A+/ 
The Supreme Court decision in the Conway-Bogue case relating to the practice of law by real estate 
brokers and employed licensees stated: - -Colorado licensees completing standard form are...
COLORADO REAL ESTATE EXAM PREP STATE PORTION SECTION 
1 DUTIES AND POWERS OF THE REAL ESTATE COMMISSION AND 
SECTION 2 LICENSING REQUIREMENTS. EXAM REVIEW 
QUESTIONS AND ANSWERS, RATED A+. 
What is the purpose of Colorado real estate License Law - -Protect the public of the State of Colorado 
The...
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Add to cartCOLORADO REAL ESTATE EXAM PREP STATE PORTION SECTION 
1 DUTIES AND POWERS OF THE REAL ESTATE COMMISSION AND 
SECTION 2 LICENSING REQUIREMENTS. EXAM REVIEW 
QUESTIONS AND ANSWERS, RATED A+. 
What is the purpose of Colorado real estate License Law - -Protect the public of the State of Colorado 
The...
COLORADO REAL ESTATE EXAM PREP QUESTIONS & ANSWERS, 
GRADED A+/ 
An owner of real estate possesses certain rights, including: 
possession of the property 
control of the property 
disposition of the property 
all of the above - -all of the above 
Possession, control and disposition of ownership are...
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Add to cartCOLORADO REAL ESTATE EXAM PREP QUESTIONS & ANSWERS, 
GRADED A+/ 
An owner of real estate possesses certain rights, including: 
possession of the property 
control of the property 
disposition of the property 
all of the above - -all of the above 
Possession, control and disposition of ownership are...
COLORADO STATE REAL ESTATE EXAM QUESTIONS AND 
ANSWERS, 100% ACCURATE, GRADED A+ 
The Amend/Extend Contract With Broker is used to change : - -Any contract to which the broker is a 
party 
According to Rule F on Commission Approved Contracts what sections may be omitted from the Contract 
to Buy ...
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Add to cartCOLORADO STATE REAL ESTATE EXAM QUESTIONS AND 
ANSWERS, 100% ACCURATE, GRADED A+ 
The Amend/Extend Contract With Broker is used to change : - -Any contract to which the broker is a 
party 
According to Rule F on Commission Approved Contracts what sections may be omitted from the Contract 
to Buy ...
COLORADO REAL ESTATE – CONTRACTS EXAM REVIEW 
QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/ 
"MEC" in a contract means: 
A. Mutual Execution of Contract 
B. Must Exit Contract 
C. Multiple Element Contingency 
D. Multiple Easement Criteria - -A. Mutual Execution of Contract 
In Contract to B...
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Add to cartCOLORADO REAL ESTATE – CONTRACTS EXAM REVIEW 
QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/ 
"MEC" in a contract means: 
A. Mutual Execution of Contract 
B. Must Exit Contract 
C. Multiple Element Contingency 
D. Multiple Easement Criteria - -A. Mutual Execution of Contract 
In Contract to B...
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...
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Add to cartCOLORADO 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...
COLORADO REAL ESTATE PRACTICE EXAM QUESTIONS (MARCH 
2023) EXAM REVIEW QUESTIONS AND ANSWERS.VERIFIED. 
A change of business address or employment without notification to the commission results in what? 
The commission shall revoke the license in three months. 
The commission shall automatically mo...
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Add to cartCOLORADO REAL ESTATE PRACTICE EXAM QUESTIONS (MARCH 
2023) EXAM REVIEW QUESTIONS AND ANSWERS.VERIFIED. 
A change of business address or employment without notification to the commission results in what? 
The commission shall revoke the license in three months. 
The commission shall automatically mo...
COLORADO REAL ESTATE PRACTICE EXAM PART 1 QUESTIONS 
AND ANSWERS, GRADED A+/ VERIFIED 
Which of the following requires the use of the Licensee Buyout Addendum to the Contract to Buy and 
Sell? - -An associate is offering a guarantee buyout arrangement as an inducement to list with his or 
her com...
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Add to cartCOLORADO REAL ESTATE PRACTICE EXAM PART 1 QUESTIONS 
AND ANSWERS, GRADED A+/ VERIFIED 
Which of the following requires the use of the Licensee Buyout Addendum to the Contract to Buy and 
Sell? - -An associate is offering a guarantee buyout arrangement as an inducement to list with his or 
her com...
COLORADO REAL ESTATE NATIONAL EXAM PRACTICE EXAM 
REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. 
which of these is a correct formula for calculations related to income-producing property? - -rate of 
return x value = net operating income 
an optioner and optionee entered into an option contrac...
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Add to cartCOLORADO REAL ESTATE NATIONAL EXAM PRACTICE EXAM 
REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. 
which of these is a correct formula for calculations related to income-producing property? - -rate of 
return x value = net operating income 
an optioner and optionee entered into an option contrac...
COLORADO REAL ESTATE EXAM – QUESTIONS & ANSWERS, 100% 
ACCURATE, GRADED A+/ VERIFIED. 
Who of the following is exempt from real estate license law? - -Investors who own 12 investment 
properties and sell one to an owner-occupant 
The purpose of the CRE Commission is to... - -Protect the public o...
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Add to cartCOLORADO REAL ESTATE EXAM – QUESTIONS & ANSWERS, 100% 
ACCURATE, GRADED A+/ VERIFIED. 
Who of the following is exempt from real estate license law? - -Investors who own 12 investment 
properties and sell one to an owner-occupant 
The purpose of the CRE Commission is to... - -Protect the public o...
COLORADO REAL ESTATE EXAM REVIEW QUESTIONS AND 
ANSWERS, RATED A+. 
Duties of the Colorado Real Estate Commission include all of the following EXCEPT 
A) Investigation of verified written complaints. 
B) Approving errors and omissions carriers. 
C) Creating the Annual Commission Update course each ...
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Add to cartCOLORADO REAL ESTATE EXAM REVIEW QUESTIONS AND 
ANSWERS, RATED A+. 
Duties of the Colorado Real Estate Commission include all of the following EXCEPT 
A) Investigation of verified written complaints. 
B) Approving errors and omissions carriers. 
C) Creating the Annual Commission Update course each ...
COLORADO REAL ESTATE EXAM REVIEW QUESTIONS AND 
ANSWERS, 100% ACCURATE. GRADED A+/ 
The lowest level of discipline the CREC may take against an agent is - -Letter of Admonishment 
What judge hears a case for the CREC? - -Administrative Law Judge 
What is necessary for the CREC to investigate a comp...
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Add to cartCOLORADO REAL ESTATE EXAM REVIEW QUESTIONS AND 
ANSWERS, 100% ACCURATE. GRADED A+/ 
The lowest level of discipline the CREC may take against an agent is - -Letter of Admonishment 
What judge hears a case for the CREC? - -Administrative Law Judge 
What is necessary for the CREC to investigate a comp...
COLORADO REAL ESTATE EXAM PREP REVIEW QUESTIONS AND 
ANSWERS, VERIFIED. 
An out-of -state investor sells a property in Colorado. The closing entity must withhold up to 2 percent of 
the - -selling price as possible income tax liability 
The Closing Instructions form - -must be part of every contra...
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Add to cartCOLORADO REAL ESTATE EXAM PREP REVIEW QUESTIONS AND 
ANSWERS, VERIFIED. 
An out-of -state investor sells a property in Colorado. The closing entity must withhold up to 2 percent of 
the - -selling price as possible income tax liability 
The Closing Instructions form - -must be part of every contra...
COLORADO REAL ESTATE EXAM PREP QUESTIONS AND 
ANSWERS, GRADED A+. VERIFIED. 
A licensee may not pay a fee to an unlicensed person for performing any brokerage functions. May pay 
for a name if the referrer is supplying only a name and has performed no activities requiring a license - 
-True 
A lic...
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Add to cartCOLORADO REAL ESTATE EXAM PREP QUESTIONS AND 
ANSWERS, GRADED A+. VERIFIED. 
A licensee may not pay a fee to an unlicensed person for performing any brokerage functions. May pay 
for a name if the referrer is supplying only a name and has performed no activities requiring a license - 
-True 
A lic...
COLORADO REAL ESTATE EXAM PREP QUESTIONS AND 
ANSWERS, RATED A+/ 
A dishwasher in a property under contract is listed affirmatively "In Working Condition" on the Seller's 
Property Disclosure. What must the seller do if the dishwasher fails before closing? - -A. The seller is 
not responsible ...
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Add to cartCOLORADO REAL ESTATE EXAM PREP QUESTIONS AND 
ANSWERS, RATED A+/ 
A dishwasher in a property under contract is listed affirmatively "In Working Condition" on the Seller's 
Property Disclosure. What must the seller do if the dishwasher fails before closing? - -A. The seller is 
not responsible ...
COLORADO REAL ESTATE EXAM PREP EXAM REVIEW QUESTIONS 
AND ANSWERS. VERIFIED. 
Title Theory - -lender owns, borrower has equitable title 
Hypothecation - -pledging property as collateral for a loan without giving up possession 
Mortgagee - -Lender 
Mortgagor - -borrower 
Non Judicial foreclosure - -...
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Add to cartCOLORADO REAL ESTATE EXAM PREP EXAM REVIEW QUESTIONS 
AND ANSWERS. VERIFIED. 
Title Theory - -lender owns, borrower has equitable title 
Hypothecation - -pledging property as collateral for a loan without giving up possession 
Mortgagee - -Lender 
Mortgagor - -borrower 
Non Judicial foreclosure - -...
COLORADO REAL ESTATE EXAM FINAL REVIEW QUESTIONS AND 
ANSWERS, RATED A+/ 
According to the Truth in Lending Act, if any 'trigger terms' are used in an ad, all of the following 
disclosures MUST appear in the ad EXCEPT the - -amount of the down payment 
The Settlement Sheet prepared for the closi...
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Add to cartCOLORADO REAL ESTATE EXAM FINAL REVIEW QUESTIONS AND 
ANSWERS, RATED A+/ 
According to the Truth in Lending Act, if any 'trigger terms' are used in an ad, all of the following 
disclosures MUST appear in the ad EXCEPT the - -amount of the down payment 
The Settlement Sheet prepared for the closi...
COLORADO REAL ESTATE EXAM #1 REVIEW QUESTIONS AND 
ANSWERS, RATED A+/ 
Many states determine the order of water rights according to which users of the water hold a recorded 
beneficial use permit. This allocation of water rights is determined by - -the doctrine of prior 
appropriation 
The right ...
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Add to cartCOLORADO REAL ESTATE EXAM #1 REVIEW QUESTIONS AND 
ANSWERS, RATED A+/ 
Many states determine the order of water rights according to which users of the water hold a recorded 
beneficial use permit. This allocation of water rights is determined by - -the doctrine of prior 
appropriation 
The right ...
COLORADO REAL ESTATE EXAM - STATE PORTION EXAM REVIEW 
QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ 
A real estate broker filling out a listing agreement finds that there is not enough room for the legal 
description. The broker may: - -Attach the legal description as information may be added o...
Preview 2 out of 12 pages
Add to cartCOLORADO REAL ESTATE EXAM - STATE PORTION EXAM REVIEW 
QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ 
A real estate broker filling out a listing agreement finds that there is not enough room for the legal 
description. The broker may: - -Attach the legal description as information may be added o...
COLORADO REAL ESTATE EXAM - STATE PORTION EXAM REVIEW 
QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ 
A real estate broker filling out a listing agreement finds that there is not enough room for the legal 
description. The broker may: - -Attach the legal description as information may be added o...
Preview 2 out of 9 pages
Add to cartCOLORADO REAL ESTATE EXAM - STATE PORTION EXAM REVIEW 
QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ 
A real estate broker filling out a listing agreement finds that there is not enough room for the legal 
description. The broker may: - -Attach the legal description as information may be added o...
COLORADO REAL ESTATE CONTRACTS AND REGULATIONS EXAM 
QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. 
Doctrine of Prior Appropriation: - -A theory of water law based on the principle, restated as "first in 
time is first in right" that regards the right to divert water from a water source. 
When wri...
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Add to cartCOLORADO REAL ESTATE CONTRACTS AND REGULATIONS EXAM 
QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. 
Doctrine of Prior Appropriation: - -A theory of water law based on the principle, restated as "first in 
time is first in right" that regards the right to divert water from a water source. 
When wri...
COLORADO REAL ESTATE- STATE PORTION EXAM REVIEW 
QUESTIONS AND ANSWERS, 100% ACCURATE, VERIFIED. 
Who usually deposits the earnest money check into escrow after a contract has been accepted? - - 
Listing Broker 
The licensee buy-out addendum must be used under all of the following conditions except:...
Preview 2 out of 5 pages
Add to cartCOLORADO REAL ESTATE- STATE PORTION EXAM REVIEW 
QUESTIONS AND ANSWERS, 100% ACCURATE, VERIFIED. 
Who usually deposits the earnest money check into escrow after a contract has been accepted? - - 
Listing Broker 
The licensee buy-out addendum must be used under all of the following conditions except:...
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