COLORADO REAL ESTATE EXAM -

COLORADO REAL ESTATE EXAM -

WITH 300+ ACTUAL EXAM QUESTIONS

AND CORRECT VERIFIED ANSWERS

GRADED A| STATE OF COLORADO REAL

ESTATE COMMISSION EXAM WITH

ANSWERS (BRAND NEW!!)

The Colorado Real Estate Commission requires all brokerage firms to have a written office policy to give broker associates a full understanding of the firm's operations. Which of these is the only item required by statute to be in writing?

• The brokerage relationships the firm offers and how brokers are designated
• Commission splits between the firm and broker associates
• Marketing fees and office costs charged to broker associates
• The requirements of the employing broker for supervision of broker associates

with less than two years' experience - ANSWER-A) The brokerage relationships the firm offers and how brokers are designated

All of the following are true about Colorado fair housing law EXCEPT

• The state law adds marital status and sexual orientation to the federal protected

classes.

• Owners of multiple units are expected to make reasonable accommodations for

disabled tenants, such as reserved parking, without charging the tenant.

• Disabled tenants must make a request to the owner or management company in

order to make reversible changes to their unit.

• Both residential and commercial property are covered, while the federal law

applies only to residential property. - ANSWER-C) Disabled tenants must make a request to the owner or management company in order to make reversible changes to their unit. 1 / 4

The minimum right-to-cure period for non-agricultural and agricultural property in Colorado is

• 215 days for non-agricultural and 230 days for agricultural.
• 110 days for non-agricultural and 215 days for agricultural.
• 100 days for non-agricultural and 110 days for agricultural.
• 200 days for non-agricultural and 215 days for agricultural. - ANSWER-B) 110

days for non-agricultural and 215 days for agricultural.

Which of the following is NOT true regarding Colorado property taxes?

• Property taxes create a lien as of January 1.
• If taxpayers choose to make one payment, they must continue to make only

single payments for as long as they own the property.

• Property taxes not paid in two halves in February and June accrue interest as of

March 1.

• Property taxes not paid in full on April 15 accrue interest as of May 1. -

ANSWER-B) If taxpayers choose to make one payment, they must continue to make only single payments for as long as they own the property.

All of the following are required to have an active Colorado real estate license

EXCEPT

• An attorney who lists and sells property in addition to practicing law.
• A mortgage broker who helps buyers find and buy homes.
• A business opportunity salesperson selling a franchise with a leasehold estate.
• An attorney selling property as part of an estate. - ANSWER-D) An attorney

selling property as part of an estate.

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Which of the following could a Colorado real estate broker use toward meeting the 12 hours of required elective continuing education credits?

• An exam prep class taken to prepare for the state portion of the licensing exam
• A brokerage firm's orientation and personal marketing course
• Passing the national portion of the broker licensing exam
• The National Association of REALTORS® ethics course - ANSWER-D) The

National Association of REALTORS® ethics course

Duties of the Colorado Real Estate Commission include all of the following

EXCEPT

• Investigation of verified written complaints.
• Approving errors and omissions carriers.
• Creating the Annual Commission Update course each year.
• Hearing disputes between brokers. - ANSWER-D) Hearing disputed between

brokers.

A buyer in a closed transaction has filed a complaint with the Colorado Real Estate Commission, claiming the buyer's agent misrepresented the property. The Commission, in responding to a complaint, would

• Use its subpoena power to request records from the agent/broker's brokerage

firm.

• Start a lawsuit on behalf of the buyer.
• Seize all the brokerage firm's records.
• Request the agent/broker supply a response in writing. - ANSWER-D) Request

the agent/broker supply a response in writing.

Errors and omissions professional liability insurance is required for all of the following EXCEPT 3 / 4

• Inactive licensees.
• Active licensees.
• All license applicants.
• Employing brokers. - ANSWER-A) Inactive licensees.

A broker completed all of her required continuing education, but 15 days after her anniversary date, she still has not paid renewal fees for her license. What is the current status of her license?

• Inactive and may not sell real estate
• Active but may not sell real estate
• Expired
• Active and may sell real estate if she pays within 30 days - ANSWER-B)

Active but may not sell real estate

Brokers selling real estate must renew their license and errors and omission insurance every

• Three years for the license and every two years for the errors and omissions

insurance.

• Year for the license and every three years for the errors and omissions

insurance.

• Three years for the license and every year for the errors and omissions

insurance.

• Three years for the license and every three years for the errors and omissions

insurance. - ANSWER-C) Three years for the license and every year for the errors and omissions insurance.

A broker associate works for All Star Realty™. The broker must ensure all advertising, including social media, has the

• Firm's trade name at least two times larger than the brokerage's name.
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