Exam (elaborations)
COLORADO REAL ESTATE EXAM QUESTIONS
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COLORADO REAL ESTATE EXAM QUESTIONS
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COLORADO REAL ESTATE EXAM QUESTIONSWho of the following is exempt from real estate license law? - Answers -Investors who
own 12 investment properties and sell one to an owner-occupant
The purpose of the CRE Commission is to... - Answers -Protect the public of the state of
CO in real estate matters
If a broker is accused of a violation of license law in a complaint to the commission
investigative staff and its determined that the violation probably happened, the
commission... - Answers -May decide to refer the matter to a hearing before an
appointed administrative law judge
If judge finds broker in violation, penalties include public censure, license suspension,
license revocation or fine of no more than $2,500.
Commission doesn't have authority to determine damages or order restitution.
The real estate commission must investigate... - Answers -Any verified written
complaint.
The commission doesn't deal with disputes b/t brokers.
In order to be the broker of record for a corporation, a person must hold... - Answers -A
valid active CO broker's license.
In March 2001, the law removed the requirement for ownership and office/director
status.
In the event that the employing broker of a corporate brokerage is suddenly unable to
continue in that position, the commission may issue a temporary "hardship" license to
any.... - Answers -CO licensee approved by the corporate board of directors.
Licensee can either be a broker or a salesperson.
Sole proprietorship has no business entity and much rehire all employed licensees and
renegotiate all listings.
As long as the public can clearly identify the brokerage entity, the requirements are
satisfied.
An associate broker has developed a website. What, if anything, must he or she
include? - Answers -Name and location of the brokerage company that holds the
associate's license.
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