Colorado closings - Study guides, Class notes & Summaries

The "Common Interest Community Governing Documents" subsection of the residential sales contract requires the "Governing" and "Financial" documents be delivered to buyer on or before the title Deadline by the: 1. Listing broker 2. Seller 3. Closer designated by the mutual agreement of the parties 4. Buyer 2. Seller Whenever money belonging to others has been received or banking activity has occurred in a trust account, the account must be reconciled to corresponding brokerage l...

Colorado Contract to Buy and Sell Real Estate Graded A+ Real Property ️will be included in the sale, unless specifically excluded in the contract under the exclusions section & fixtures will transfer with real property in the deed Due Diligence ️when something is leased Division of Water Resource ️a well is not a water right - it is a well permit Dates and deadlines ️only appear in one place seller concession ️giving money towards the down payment, if offered it affects the...

Real estate express - Colorado closings final exam

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: When a licensee is purchasing the property as a rental investment. What is the purpose of the real estate commission in Colorado? to protect the public As a buyer agent under an exclusive right to buy agreement, the broker has what agency relationship to the purchaser? Fiduciar...

1. How many times may a licensing candidate take the NMLS national examination before having to wait six months to retake it? - ANSWER-Answer: b) Candidates who fail the exam must wait 30 days between each subsequent attempt. After failing the exam a third time, the waiting period increases to six months. 2. Which of the following loan originator license applications would automatically be declined? - ANSWER-Answer: b) The SAFE Act prohibits an individual from obtaining a mortgage loan origin...