CH. 4 - REVIEW OF COLORADO CONTRACT LAW COLORADO CONTRACTS & REGULATIONS UNIT EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/

CH. 4 - REVIEW OF COLORADO CONTRACT LAW COLORADO CONTRACTS & REGULATIONS UNIT EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/ According to the Colorado Real Estate Commission, division of a property into how many interests defines a subdivision? - -20 Which of the following is NOT a protected class in the Colorado Fair Housing Act? A. Gender. B. Handicap. C. Occupation. D. Marital status. - -Occupation. The Conway-Bogue decision: - -set the degree to which real estate brokers may practice law. A broker may omit the following sections of the Contract to Buy and Sell Real Estate if they do not apply by using the word "OMITTED": A. Source of potable water B. Sales and use tax C. Seller financing D. All of the above - -D. All of the above A Colorado real estate broker may do which of the following? A. explain the difference between joint and common tenancy. B. explain the legal effect of buyer agency. C. prepare Rule "F" promissory notes. D. all of these. - -D. all of these. The first step in subdivision development is _____________. - -Registration The additional provisions section of the Contract to Buy and Sell Real Estate should: - -Contain only transaction specific terms that result from negotiation of the parties. The Colorado Statute of Frauds requires that the following contracts be in writing before transfer is made: A. sale of real property. B. lease of real property for 18 months. C. both of the above contracts. D. neither of the above contracts. - -C. both of the above contracts. Designated Brokerage: A. is the method of doing business for all Colorado brokers. B. severs the "designated broker" who enter a C brokerage relationship from any connection with the employing broker. C. None of the above. D. A and B only. - -A and B only. In Colorado, all of the following documents have to be in writing to be enforceable in court EXCEPT: A. an exchange contract. B. a contract for sale of vacant land. C. a one-year lease. D. a deed - -C. a one-year lease.