CCR COLORADO CONTRACTS & REGULATIONS QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/| latest update 2024/25|

CCR COLORADO CONTRACTS & REGULATIONS QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/ Which of the following must have a real estate license in Colorado? A. An on-site manager of an apartment building performing the customary duties of an on-site manager. B. A regularly salaried, on-site manager of a condo complex employed by a homeowner association, who also shows and sells units in the complex, for individual owners. C. A real estate broker licensed in another state that receives a share of a commission from a Colorado real estate broker. D. A person employed by a corporation who negotiates the purchasing of rights of way for telecommunication lines. - -B If a licensee has violated the license law, what is the maximum monetary penalty the Real Estate Commission may impose? A. A $2,500 administrative fine plus damages to the complainant. B. A $2,500 administrative fine. C. A $2,500 administrative fine plus actual damages plus punitive damages. D. No fine, only license suspension or revocation. - -B A broker moves his office to the building next door and neglects to inform the real estate commission. What is the status of the brokerage license? A. The license is revoked. B. The license is cancelled and only the employed licensees may conduct business. C. The license is unaffected so long as the broker informs the commission within thirty days. D. The license is inactive along with the licenses of employed licensees. - -D When would a business opportunity broker NOT need a real estate license? A. Whenever any interest of real property is included with the business. B. Whenever the transfer involves real estate leased by the business. C. Whenever the transfer involves neither real estate nor any rights in real property. D. Whenever the value of real property is less than ten percent of the price. - -C Which of the following would NOT be proper for an unlicensed on-site manager of an apartment complex? A. Showing apartments that are available to rent. B. Filling in a lease and collecting a tenant's deposit. C. Negotiating a rent reduction for a long-term tenant. D. Explaining the lease terms and rules and regulations of the complex. - -C Which of the following is exempt from the real estate licensing law in Colorado? A. An attorney-at-law who lists a client's house for sale for a 5% sales commission. B. A son selling his father's property under a proper power of attorney and receiving a fee of 2% of the selling price. C. An investor who owns more than six houses and sells two of them to a private individual. D. An inactive licensee helping a co-worker fill out a purchase offer on a for sale by owner property and not collecting a fee. - -C Sally is the broker owner of Ajax Realty which is a trade name registered with the Colorado Department of Revenue and licensed with the Real Estate Commission as Ajax Realty. Which of the following is correct? A. All licensees employed by Sally do business only in the name of Ajax Realty. B. All newspaper advertising must be in Sally's name as broker. C. Sally may do business either as Ajax Realty or under her married name or under her birth name. D. All property signs must show both Sally's full name and the name of the company. - -A Which of the following could qualify for a temporary "hardship" broker license for a corporation? A. A corporate director with an out-of-state broker license. B. A corporate officer with an out-of-state salesperson's license. C. A corporate employee with a Colorado salesperson's license. D. Only a current Colorado licensee. - -D Acting as a real estate broker without a license or with a suspe