COLORADO REAL ESTATE EXAM PREP EXAM REVIEW QUESTIONS AND ANSWERS. VERIFIED.| latest update 2024/25|

COLORADO REAL ESTATE EXAM PREP EXAM REVIEW QUESTIONS AND ANSWERS. VERIFIED. Title Theory - -lender owns, borrower has equitable title Hypothecation - -pledging property as collateral for a loan without giving up possession Mortgagee - -Lender Mortgagor - -borrower Non Judicial foreclosure - -*CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure - -No sale. Full legal title given to lender, loss of equity for borrower Judicial foreclosure - -done through courts in *Title Theory states Conversion - -illegal use of entrusted money Comingling - -mixing client monies or mixing with personal monies Express Agency - -Actual, formal written agreement establishing terms and conditions Gross Income Multiplyer - -=sale price/gross ANNUAL income large rental or commercial property Government deed limitations - -Police power eminent domain taxation escheat Private deed limitations - -deed restrictions mortgages leases easements Tennancy at Sufference - -tenant has remained past lease terms can be evicted Township squares - -6x6 mi wide squares Periodic Tenancy - -No specific duration but notice must be given ex. week to week, month to month Tenancy for years - -specific time limi