Exam (elaborations)
COLORADO REAL ESTATE- STATE PORTION
- Course
- Institution
COLORADO REAL ESTATE- STATE PORTION
[Show more]
Content preview
COLORADO REAL ESTATE- STATE PORTIONWho usually deposits the earnest money check into escrow after a contract has been
accepted? - Answers -Listing Broker
The licensee buy-out addendum must be used under all of the following conditions
except: - Answers -When a licensee is purchasing the property as a rental investment.
What is the purpose of the real estate commission in Colorado? - Answers -to protect
the public
As a buyer agent under an exclusive right to buy agreement, the broker has what
agency relationship to the purchaser? - Answers -Fiduciary
A high level of supervision by employing brokers: - Answers -Would include: review of
documents in preparation for a closing, assistance in preparing contracts, monitoring of
transactions from contracting to closing, attending closings, or making sure an
experienced licensee attends the closing, being reasonably available for consultation
According to the exclusive right to sell listing contract the listing broker must disclose to
any possible buyer - Answers -All material facts about the property the broker knows
When a licensee uses a licensee buyout addendum your are putting the seller on notice
that - Answers -The buyer is a licensee the buyer may make a profit and the seller may
incur a loss.
Checking the will owe box in the holdover clause in the exclusive right to sell listing
contract protects the listing brokers commission for disclosed buyers - Answers -For the
period of time specified in the contract even if the property is relisted by another broker
The Colorado approved Agreement to Amend/Extend form should be signed - Answers
-Before the sales contract has been fully executed
For a deed to be valid in Colorado, which of the following must be true concerning the
grantors signature - Answers -The grantors signature is required
In Colorado a property subject to general ad valorem taxes is assessed on the first day
of January of the current year and the lien against the property for the taxes attaches -
Answers -At that time
According to Conway-bogue decision it is a required practice for Colorado brokers to -
Answers -Use standard and approved forms
Who of the following is exempt from real estate license law - Answers -Investor who
owns 12 investment properties and sells one to an owner occupant
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GEEKA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76799 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now