QUESTIONS AND SOLUTIONS RATED A+
✔✔A broker developed a website to advertise the broker's office with the brokerage's
name, location, and phone number. What additional information does the broker need to
include?
A)Name and address of the home office and the states in which the brokerage holds
licenses
B) License number of the brokerage and list of current active licensees
C) Names of active licensees, addresses, and phone numbers
D) No need for any additional disclosures - ✔✔D) No need for any additional
disclosures
✔✔As part of the requirement to supervise all associate brokers in the firm, the
employing broker would be required to do all of the following EXCEPT
A) Review all real estate contracts brought to the firm by all associate brokers.
B) Attend, or have a qualified broker attend, all listing appointments, showings, and
closings of any newly licensed broker associate for the first month of licensure.
C) Have a written office policy that all broker associates must sign stating they have
read it and agree to follow it.
D) Give newly licensed broker associates a higher level of supervision, including being
available or having a qualified broker available to answer questions. - ✔✔B) Attend, or
have a qualified broker attend, all listing appointments, showings, and closings of any
newly licensed broker associate for the first month of licensure.
✔✔In Colorado, real estate commissions are negotiated
A) And set first by the Commission and then between the parties.
B) Between employing brokers.
C) By local groups of brokers.
D) Between the parties. - ✔✔D) Between the parties.
✔✔An employing broker leaving town can delegate supervision of a broker associate to
all of the following EXCEPT
A) An unlicensed office manager.
B) A licensed office manager.
C) A qualified broker from another office.
D) A qualified broker in the same office. - ✔✔A) An unlicensed office manager.
✔✔A broker has been approached by a neighbor to list the neighbor's home. The
property is currently listed with another company and the neighbor said she only has
two weeks left on the listing contract. The broker should
A) List the property but make sure the new listing contract does not start until the
expiration of the current listing.
B) Explain that the broker cannot speak to her while she is under a listing contract with
another broker to avoid violating Rule E-13.
, C) Determine if the current broker is in breach before proceeding.
D) Tell her to wait and the broker will contact her once the current listing has expired. -
✔✔A) List the property but make sure the new listing contract does not start until the
expiration of the current listing.
✔✔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?
A) The brokerage relationships the firm offers and how brokers are designated
B) Commission splits between the firm and broker associates
C) Marketing fees and office costs charged to broker associates
D) The requirements of the employing broker for supervision of broker associates with
less than two years' experience - ✔✔A) The brokerage relationships the firm offers and
how brokers are designated
✔✔When the seller offers to assist with the buyer's down payment or gives other
concessions, the broker should help safeguard everyone's interest by doing all of the
following EXCEPT
A) Suggesting the parties seek legal and tax counsel.
B) Informing the Colorado Real Estate Commission and title company.
C) Listing the information in the MLS.
D) Informing the lender and the appraiser. - ✔✔B) Informing the Colorado Real Estate
Commission and title company.
✔✔An unlicensed assistant may do all of the following to support the efforts of a
licensed broker EXCEPT
A) Hold an open house.
B) Measure a property to provide square footage for a property brochure.
C) Provide access to a property for buyers.
D) Prepare a comparative market analysis and present it to a seller. - ✔✔D) Prepare a
comparative market analysis and present it to a seller.
✔✔A seller received a flyer and a phone call from a broker at XYZ Realty, suggesting
that the seller list with the firm and that broker. The seller's home is actively listed with
ABC Realty. Is there any issue with XYZ Realty's solicitation?
A) Yes, they may not advertise to active listings until at least 10 days after the listing
expires.
B) No, this is a standard practice and is acceptable.
C) Yes, the brokerage may send flyers with a disclaimer but may not make phone calls.
D) No, as long as the seller's phone number is not on the do-not-call list, the broker is
fine. - ✔✔C) Yes, the brokerage may send flyers with a disclaimer but may not make
phone calls.
✔✔The minimum right-to-cure period for non-agricultural and agricultural property in
Colorado is