Colorado real estate - Study guides, Class notes & Summaries

COLORADO REAL ESTATE EXAM #1 ACTUAL EXAM COMPLETE 120 QUESTIONS AND CORRECT COLORADO REAL ESTATE EXAM #1 ACTUAL EXAM COMPLETE 120 QUESTIONS AND CORRECT ANSWERS 2024

Colorado Real Estate Exam Questions And Answers 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 object mutual consent the offer and acceptance of the offer legal consideration promises, something of value, an act, giving up the right to act, etc, legal object the parties are agreeing to do something that is leg...

Title Theory (Ans- lender owns, borrower has equitable title Hypothecation (Ans- pledging property as collateral for a loan without giving up possession Mortgagee (Ans- Lender Mortgagor (Ans- borrower Non Judicial foreclosure (Ans- *CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure (Ans- No sale. Full legal title given to lender, loss of equity for borrower Judicial foreclosure (Ans-...

Colorado Real Estate Math Questions and Answers 100% Pass A real estate agent is paid $200.00 a month salary and a 2 ½ % commission on everything sold over $150,000 in one year. If the agent makes $22,000 one year. How much did the agent sell? 784000 634000 934000 880000 - Correct Answer ️️ -934000 $200 X 12 = $2,400 (total salary); $22,000 - $2,400 = $19,600 (total commission sales) / .025 (commission rate) = $784,000 (sales above $150,000 that earned the $19,600 commission) + $...

Colorado Real Estate Post-Exam What is the purpose of the Colorado Real Estate law - correct answer to protect the public in all matters of real estate Under Conway-Bouge, licensees - correct answer must be connected to the transaction must use standardized and approved forms may not charge a separate fee for preparing documents Title insurance companies - correct answer act as scrivener of the real estate broker, who is responsible for all documents produced by the title company The...

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 year. D) Hearing disputes between brokers. - -D) Hearing disputed between brokers. A buyer in a closed transaction has filed a complaint with the Colorado Real Estate Commission, claiming the buye...

Colorado Real Estate Exam Prep (2023/2024) (Certified Solutions) 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 *CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure No sale. Full legal title given to lender, loss of equity for borrower Judicial foreclosure done t...

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 disbursements made by the broker from the escrow bank account Title passes from the grantor to the grantee: - -when the seller signs the warranty deed When earnest money is withdrawn from the escrow account a...

COLORADO REAL ESTATE EXAM ALL INCLUSIVE EXAM 2024 | ALL VERSIONS AND A STUDY GUIDE INCLUDED | ACCURATE AND VERIFIED FOR GUARANTEED PASS | LATEST UPDATE

COLORADO REAL ESTATE EXAM 2024 NEWEST 2 VERSIONS (VERSION A, AND B ) AND PRACTICE QUESTIONS 300 QUESTIONS WITH DETAILED VERIFIED SOLUTIONS (100% CORRECT) /A+ GRADE ASSURED