COLORADO REAL ESTATE EXAM PREP QUESTIONS WITH COMPLETE SOLUTIONS 2025.

COLORADO REAL ESTATE EXAM PREP
QUESTIONS WITH COMPLETE
SOLUTIONS 2025.

Title Theory - ANSWER: lender owns, borrower has equitable title
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Hypothecation - ANSWER: pledging property as collateral for a loan without giving
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up possession
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Mortgagee - ANSWER: Lender bb bb bb




Mortgagor - ANSWER: borrower bb bb bb




Non Judicial foreclosure - ANSWER: *CO: Public trustee has power to foreclose
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1.Lender complains 2. Notice given 3. trustee sells after 125 days
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Strict foreclosure - ANSWER: No sale.
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Full legal title given to lender, loss of equity for borrower
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Judicial foreclosure - ANSWER: done through courts in *Title Theory states
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Conversion - ANSWER: illegal use of entrusted money
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Comingling - ANSWER: mixing client monies or mixing with personal monies
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Express Agency - ANSWER: Actual, formal written agreement establishing terms
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and conditions
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Gross Income Multiplyer - ANSWER: =sale price/gross ANNUAL income
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large rental or commercial property
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Government deed limitations - ANSWER: Police powerbb bb bb bb bb bb


eminent domain bb


taxation
escheat

Private deed limitations - ANSWER: deed restrictions
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mortgages
leases
easements

, Tennancy at Sufference - ANSWER: tenant has remained past lease terms
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can be evicted bb bb




Township squares - ANSWER: 6x6 mi wide squares
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Periodic Tenancy - ANSWER: No specific duration but notice must be given
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ex. week to week, month to month
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Tenancy for years - ANSWER: specific time limit
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no notice to vacate unless written in
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Terminating an estate - ANSWER: eminent domain bb bb bb bb bb bb


voluntary alienation bb


adverse possession bb




Eminent domain - ANSWER: right of government to acquire private property for
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public use
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Bounds - ANSWER: direction bb bb bb




Ranges - ANSWER: 6 mi wide strips running north and south
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parallel to principal meridiansbb bb bb




Transaction Broker - ANSWER: disclose known defects and material facts
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help to explain and understand without prejudice or advise
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negotiate sale without representation bb bb bb




section - ANSWER: 640 acres bb bb bb bb


1 square mile
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36 per township square
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brokerage - ANSWER: the business of bringing parties together
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negligent misrepresentation - ANSWER: broker SHOULD HAVE known and is liable
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for damages
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E and O insurance will cover
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township tiers - ANSWER: 6 mi wide strips running east and west parallel to base
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lines
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lien - ANSWER: charge or claim against property to enforce a debt payment
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collateral/security in real estate form bb bb bb bb


encumbrance

cloud of title - ANSWER: defect preventing transfer
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