Colorado state Real Estate Exam 85 Questions and Answers (100% Guaranteed Pass)
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Colorado state Real Estate Exam 85 Questions and Answers (100% Guaranteed Pass)
Colorado state Real Estate Exam 85 Questions and Answers (100% Guaranteed Pass)
Colorado state Real Estate Exam 85 Questions and Answers (100% Guaranteed Pass)
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Colorado state Real Estate Exam 85 Questions and
Answers (100% Guaranteed Pass)
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 and Sell Real Estate:
non-applicable financing conditions
In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into:
Additional Provisions of a commission approved contract
"MEC" in a contract means:
Mutual Execution of Contract
As per the Real Estate Commission position regarding Megan's Law:
If important to the buyer, the buyer should check with law enforcement officials.
Which of the following is not an approved form or contract:
Property Management Agreement
Which form should not be used to disclose your brokerage relationship:
Definitions of Working Relationships
On The Contract to Buy and Sell Real Estate, if the buyer is in default and the seller remedy is
specific performance:
The seller gets the earnest money and may sue.
The Agreement to Amend\Extend is used to change the terms of:
An accepted purchase and sale contract
The contract to Buy and Sell Real Estate has a Dates and Deadlines section. Should these dates
be ignored:
,The Time of Essence clause would come into effect
Approved contracts and forms are regulated by the Colorado Real Estate Commission Rule F. It:
Enables brokers to comply with the conditions of Conway-Bogue
When an associate broker makes a disclosure using the Square Footage Disclosure form. The
broker is disclosing:
The methodology and/or source of the measurements
If an FHA or VA appraisal comes in less than the purchase price of a home, a buyer:
Can terminate the contract and get earnest money back
The day before the Loan Objection Deadline the lender informed the buyers that the interest rate
had risen ¼%. The buyers-
May terminate the contract and receive their earnest money back
The Colorado Contract to Buy & Sell states that "time is of essence hereof". This statement
means that
Dates and deadlines will be strictly interpreted.
In the Colorado Contract to Buy & Sell the inspection provision allows the buyer to terminate the
contract
If the property is unsatisfactory in the buyer's subjective opinion.
Water Rights: Who owns the water rights to a property?
The recorded owner of the water rights, not necessarily the owner of the property.
If a broker holds a purchase option as well as the listing and decides to exercise his option, he
must
Reveal he may make a profit.
Obtain written consent of owner
Disclose he is acting as principal, not agent
All of the above
Real estate closing fees customarily appear on a settlement statement as a:
, A lender requires the use of a Name Affidavit to identify:
all of the alias' used by the borrowers
In the Colorado Listing agreement the holdover period provision entitles the broker to a
commission if the property sells to anyone:
The broker negotiated with during the listing period unless the seller lists with another exclusive
broker and the "Shall" box has not been checked.
The approved Contract to Buy and Sell, "Property" includes:
The real property plus fixtures, improvements, and appurtenances
The exclusive right-to-buy contract is available as:
buyer-agency or transaction broker relationships
In Colorado, all of the following would be required to obtain a real estate license except:
a rental referral agent
Regarding delivery of Earnest Money:
If other than at the time of tender of this contract it must be delivered no later than the
Alternative Earnest Money Deadline
A primarily white neighborhood was starting to change over to more racially mixed
demographic. An advertisement said "sell now before it's too late". Can the realtor be in trouble
for this and if so, under what premise?
Yes, this is blockbusting
What qualifies as "Good Funds"?
cashier's check
If a licensee is in court, the following has (have) jurisdiction over him:
both the court and the Real Estate Commission
When is OK to disclose seller/client confidential information to your employer broker?
When written permission is given by the client
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