1|Page
COLORADO REAL ESTATE EXAM NEWEST 2026
ACTUAL EXAM TEST BANK| COLORADO REAL
ESTATE EXAM PREP WITH COMPLETE 500 REAL
EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+ (MOST RECENT!!)
The real estate contract for a specific property for use as an unlicensed
petroleum sales operation was forced to terminate. The termination was
the result of:
A) impossibility of performance
B) novation
C) breach of contract
D) operation of law - Correct Answer - A. impossibility of performance
The IRS requires which of the following documents to be completed by
the seller at the time of closing?
A) W-9
B) 1099-S
C) W-4
D) 1031-E - Correct Answer - B. 1099-S
A house is closed on May 15. HOA dues are $108 per month and are due
and payable on the first day of each month. The HOA dues will appear
on the closing statement as a:
A) $49 debit to the seller
B) $59 debit to the seller
pg. 1
,2|Page
C) $59 credit to the seller
D) $49 credit to seller - Correct Answer - $59 credit to the seller
What is the purpose of the real estate commission in Colorado?
A) to provide mediation in disputes between brokers and Colorado
residents
B) to protect the public
C) to assure that licensees collect commissions in accordance with the
law
D) to provide legal assistance to the public regarding real estate
transactions - Correct Answer - to protect the public
Errors and omissions professional liability insurance is required for all
of the following EXCEPT
A) Inactive licensees.
B) Active licensees.
C) All license applicants.
D) Employing brokers. - Correct Answer - A) Inactive licensees.
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. - Correct Answer - D) Between the parties.
pg. 2
,3|Page
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. - Correct Answer - A) An
unlicensed office manager.
The minimum right-to-cure period for non-agricultural and agricultural
property in Colorado is
A) 215 days for non-agricultural and 230 days for agricultural.
B) 110 days for non-agricultural and 215 days for agricultural.
C) 100 days for non-agricultural and 110 days for agricultural.
D) 200 days for non-agricultural and 215 days for agricultural. - Correct
Answer - B) 110 days for non-agricultural and 215 days for agricultural.
The required minimum notice to quit for a tenant under a tenancy at will
is
A) No notice is required.
B) 30 days.
C) 10 days.
D) 3 days. - Correct Answer - D) 3 days.
In a single party listing, which of the following provisions or
contingencies does NOT apply?
A) Holdover
pg. 3
, 4|Page
B) Financing
C) Mediation
D) Commission - Correct Answer - A) Holdover
When a contingency is tied to a date in the contract, it is the
responsibility to follow up on that date.
A) the Title Company
B) lender's
C) listing or selling brokers
D) appraiser's - Correct Answer - C. listing or selling brokers
According to the Real Estate License Law, a transaction and trust
account record must be kept for a minimum of how many years?
A) 1
B) 2
C) 3
D) 4 - Correct Answer - D. 4
A broker supplies the financing for a project to build condominiums with
the stipulation that he has the exclusive right to sell the completed
condos. Which of the following BEST describes this relationship?
A) General agency
B) Exclusive agency
C) Specific agency
D) Agency coupled with an interest - Correct Answer - D Agency
coupled with an interest
pg. 4
COLORADO REAL ESTATE EXAM NEWEST 2026
ACTUAL EXAM TEST BANK| COLORADO REAL
ESTATE EXAM PREP WITH COMPLETE 500 REAL
EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+ (MOST RECENT!!)
The real estate contract for a specific property for use as an unlicensed
petroleum sales operation was forced to terminate. The termination was
the result of:
A) impossibility of performance
B) novation
C) breach of contract
D) operation of law - Correct Answer - A. impossibility of performance
The IRS requires which of the following documents to be completed by
the seller at the time of closing?
A) W-9
B) 1099-S
C) W-4
D) 1031-E - Correct Answer - B. 1099-S
A house is closed on May 15. HOA dues are $108 per month and are due
and payable on the first day of each month. The HOA dues will appear
on the closing statement as a:
A) $49 debit to the seller
B) $59 debit to the seller
pg. 1
,2|Page
C) $59 credit to the seller
D) $49 credit to seller - Correct Answer - $59 credit to the seller
What is the purpose of the real estate commission in Colorado?
A) to provide mediation in disputes between brokers and Colorado
residents
B) to protect the public
C) to assure that licensees collect commissions in accordance with the
law
D) to provide legal assistance to the public regarding real estate
transactions - Correct Answer - to protect the public
Errors and omissions professional liability insurance is required for all
of the following EXCEPT
A) Inactive licensees.
B) Active licensees.
C) All license applicants.
D) Employing brokers. - Correct Answer - A) Inactive licensees.
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. - Correct Answer - D) Between the parties.
pg. 2
,3|Page
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. - Correct Answer - A) An
unlicensed office manager.
The minimum right-to-cure period for non-agricultural and agricultural
property in Colorado is
A) 215 days for non-agricultural and 230 days for agricultural.
B) 110 days for non-agricultural and 215 days for agricultural.
C) 100 days for non-agricultural and 110 days for agricultural.
D) 200 days for non-agricultural and 215 days for agricultural. - Correct
Answer - B) 110 days for non-agricultural and 215 days for agricultural.
The required minimum notice to quit for a tenant under a tenancy at will
is
A) No notice is required.
B) 30 days.
C) 10 days.
D) 3 days. - Correct Answer - D) 3 days.
In a single party listing, which of the following provisions or
contingencies does NOT apply?
A) Holdover
pg. 3
, 4|Page
B) Financing
C) Mediation
D) Commission - Correct Answer - A) Holdover
When a contingency is tied to a date in the contract, it is the
responsibility to follow up on that date.
A) the Title Company
B) lender's
C) listing or selling brokers
D) appraiser's - Correct Answer - C. listing or selling brokers
According to the Real Estate License Law, a transaction and trust
account record must be kept for a minimum of how many years?
A) 1
B) 2
C) 3
D) 4 - Correct Answer - D. 4
A broker supplies the financing for a project to build condominiums with
the stipulation that he has the exclusive right to sell the completed
condos. Which of the following BEST describes this relationship?
A) General agency
B) Exclusive agency
C) Specific agency
D) Agency coupled with an interest - Correct Answer - D Agency
coupled with an interest
pg. 4
