COLORADO PSI REAL ESTATE ACCURATE EXAM
2025/2026 COMPLETE ACTUAL TEST QUESTIONS ND
CORRECT VERIFIED ANSWERS (A NEW UPDATED
VERSION) |ALREADY GRADED A+
A licensee has entered into a dual agency agreement. In
this situation, it is critical that all parties understand that it
is impossible for the licensee to fully perform for either
party the traditional common-law agency duty of
Answer- loyalty.
An agency relationship between a property owner and a
property manager is usually created by
Answer- a management agreement.
A realty firm has just entered into an agreement to
represent a home builder in the sale of a new subdivision.
The firm has located several potential buyers and five
homes have been sold to purchasers that the firm's agents
have contacted. The realty firm has an agency relationship
with
,Answer- the builder.
In an exclusive right-to-sell listing, an owner lists the
property for sale with how many brokers?
Answer- One.
A real estate salesperson is representing only the buyer in
a transaction. Which of the following actions would be a
violation of the salesperson's agency duties to the client?
Answer- disclosing the highest price the buyer is willing
to pay
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?
Answer- Agency coupled with an interest.
,The real estate agency relationship is best described as the
broker's representing the principal.
A licensee has an agency representation agreement with a
buyer. When showing another company's listing, what
obligation does the licensee have to the seller and the
listing broker at the other company?
Answer- Disclose the agency relationship when arranging
the showing and disclose material information about the
buyer if presenting an offer.
The day after a broker's listing on a house expired, it was
listed with another broker and offered in the MLS.
Several days later, a third licensee called the first broker
and asked for the key to show the home. The broker
should inform the caller that
Answer- he is no longer the listing agent.
, Which of the following would generally be included in
the Phase I assessment of a parcel where hazardous
substances may have been disposed?
Answer- an on-site visual inspection
A manufacturer under contract with a broker is seeking a
30,000-square-foot building to house his factory. The
broker is showing him one that has only been used as a
junk warehouse for the past fifty years. As they look
around, near the ceiling they see old brown metal drums
seemingly wired into the electrical system. How should
the broker proceed
Answer- He should inform the client of the possibility
that hazardous chemicals are present and recommend a
baseline environmental assessment of the property as a
contingency of the purchase.
While touring a new listing a broker detects a very
pronounced moldy odor. Upon inspection, the broker
finds that all closets located on a particular wall in the
vacant residence are extremely moldy. The mold growths
2025/2026 COMPLETE ACTUAL TEST QUESTIONS ND
CORRECT VERIFIED ANSWERS (A NEW UPDATED
VERSION) |ALREADY GRADED A+
A licensee has entered into a dual agency agreement. In
this situation, it is critical that all parties understand that it
is impossible for the licensee to fully perform for either
party the traditional common-law agency duty of
Answer- loyalty.
An agency relationship between a property owner and a
property manager is usually created by
Answer- a management agreement.
A realty firm has just entered into an agreement to
represent a home builder in the sale of a new subdivision.
The firm has located several potential buyers and five
homes have been sold to purchasers that the firm's agents
have contacted. The realty firm has an agency relationship
with
,Answer- the builder.
In an exclusive right-to-sell listing, an owner lists the
property for sale with how many brokers?
Answer- One.
A real estate salesperson is representing only the buyer in
a transaction. Which of the following actions would be a
violation of the salesperson's agency duties to the client?
Answer- disclosing the highest price the buyer is willing
to pay
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?
Answer- Agency coupled with an interest.
,The real estate agency relationship is best described as the
broker's representing the principal.
A licensee has an agency representation agreement with a
buyer. When showing another company's listing, what
obligation does the licensee have to the seller and the
listing broker at the other company?
Answer- Disclose the agency relationship when arranging
the showing and disclose material information about the
buyer if presenting an offer.
The day after a broker's listing on a house expired, it was
listed with another broker and offered in the MLS.
Several days later, a third licensee called the first broker
and asked for the key to show the home. The broker
should inform the caller that
Answer- he is no longer the listing agent.
, Which of the following would generally be included in
the Phase I assessment of a parcel where hazardous
substances may have been disposed?
Answer- an on-site visual inspection
A manufacturer under contract with a broker is seeking a
30,000-square-foot building to house his factory. The
broker is showing him one that has only been used as a
junk warehouse for the past fifty years. As they look
around, near the ceiling they see old brown metal drums
seemingly wired into the electrical system. How should
the broker proceed
Answer- He should inform the client of the possibility
that hazardous chemicals are present and recommend a
baseline environmental assessment of the property as a
contingency of the purchase.
While touring a new listing a broker detects a very
pronounced moldy odor. Upon inspection, the broker
finds that all closets located on a particular wall in the
vacant residence are extremely moldy. The mold growths
