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COLORADO POST EXAM 2025 NEWEST 2 VERSIONS (VERSION A, AND B) ACTUAL
155 QUESTIONS WITH DETAILED VERIFIED SOLUTIONS (100% CORRECT)
/ALREADY GRADED A+
All the following would be considered an illegal practice of law by a licensed real estate
broker EXCEPT A) helping a seller determine what the terms and rate of a seller-carry loan
should be. B) explaining the difference between tenants in common and joint tenancy. C)
recommending that a married couple take title as joint tenants. D) drafting a non-
negotiated addendum to be attached to the Contract to Buy and Sell. - ANSWER - The
answer is explaining the difference between tenants in common and joint tenancy. Brokers
are allowed to explain the forms of tenancy but may not recommend which form to take.
All of these are true of the Seller's Property Disclosure form EXCEPT A) the Contract to Buy,
and Sell will request that the seller supplies it to the buyer of a residential property. B) the
seller, not the broker, completes the form. C) it is optional in as-is transactions because
the seller does not need to disclose material facts in this type of sale. D) it is not required
by law but is recommended to make sure all material facts are disclosed. - ANSWER - The
answer is it is optional in as-is transactions because the seller does not need to disclose
material facts in this type of sale. The Seller's Property Disclosure is not required by law;
however, the seller must disclose all material facts, and the Contract to Buy and Sell
requests the form. The seller, not the broker, completes the form. Disclosure of material
facts is required for all properties, including those sold as-is.
An active broker may fulfill the continuing education requirement for a three-year renewal
cycle by any of the following EXCEPT A) taking 24 hours of approved continuing education
courses. B) taking and passing the state section of the broker licensing exam. C) taking the
national section of the broker licensing exam. D) completing 12 hours of commission
updates and 12 elective hours of approved continuing education. - ANSWER - The answer
is taking the national section of the broker licensing exam. The broker can take and pass
the state portion of the licensing exam or take 24 hours of continuing education by
completing 12 hours of updates and 12 hours of elective courses to meet the continuing
education requirement. Taking the national portion of the licensing exam will not give the
broker any credit.
An employing broker designates a broker to work with a buyer. Which of the following is
TRUE? A) The designated broker cannot work with the seller as well. B) The designated
broker cannot be the employing broker. C) The designated broker must investigate any
property the buyer is interested in. D) There is no brokerage relationship between the
designated broker and the employing broker. - ANSWER - The answer is there is no
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brokerage relationship between the designated broker and the employing broker. The
brokerage relationship exists only between the designated broker and the party the broker
represents, regardless of the type of representation. There is no brokerage relationship
between the employing broker and broker associate.
An employing broker hires a broker associate who has just received his license. The
employing broker is required to A) offer to withhold employment taxes because the broker
associate is an independent contractor. B) provide a high level of supervision, such as
attending the agent's closings. C) make sure the new broker associate attends post-
licensing classes. D) provide a reasonable level of supervision, such as holding monthly
sales meetings. - ANSWER - The answer is providing a high level of supervision, such as
attending the agent's closings. A new licensee must be given a high level of supervision,
such as the employing broker attending or at least making herself available for all closings.
Holding monthly sales meetings does not constitute a high level of supervision.
An employing broker is not sure if the addendum her broker associate drafted for an offer is
within the rules and requirements of Colorado contract law. The broker could do all the
following to better understand contract law EXCEPT A) read the Commission position
statement regarding Rule E-13. B) review Rule F. C) verify if the addendum has been
negotiated between the seller and the buyer. D) contact the firm's attorney. - ANSWER -
The answer is read the Commission position statement regarding Rule E-13. Rule E-13
does not apply to contracts; it is about sign crossing active listings. Any addendum
attached to the Contract to Buy and Sell must be negotiated between the seller and the
buyer. Rule F applies to forms and requirements of the law.
An employing broker's reasonable supervision of employed broker associates includes all
of the following EXCEPT A) providing a written office policy manual that all broker
associates must read and sign. B) making sure that if they are not available, there is a
qualified broker to answer questions. C) reviewing all contracts written. D) attending all
closings. - ANSWER - The answer is attending all closings. An employing broker is not
required to attend a closing as part of reasonable supervision. The employing broker must
review all contracts, make sure there is a qualified person to answer questions, and
provide a written office policy.
An inactive broker may do all the following EXCEPT A) complete a contract form once the
broker has given pricing information. B) prepare a CMA for a licensed broker who will then
present it to the buyer. C) sign checks from a brokerage firm's trust account. D) manage
property as an employee of the landlord. - ANSWER - The answer is complete a contract
form once the broker has given pricing information. An inactive broker may not do anything
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that requires a license, such as soliciting buyers and sellers, selling options, or listing
property. Inactive brokers may, as any unlicensed person, work as an employee to manage
property under a landlord, work as an unlicensed assistant, complete a CMA for the broker
to present, and be a signer on the firm's trust account.
An unlicensed personal assistant may NOT A) prepare a comparative market analysis for a
buyer. B) write checks on a trust account. C) negotiate a minor contract change when the
broker is unavailable. D) hold an open house and hand out preprinted information. -
ANSWER - The answer is negotiating a minor contract change when the broker is
unavailable. Unlicensed assistants may not act like a broker; therefore, they may not
negotiate anything. They can write and sign checks, prepare comparative market analyses
if the broker presents them, and hold open houses.
At closing, a loan that is being assumed will show up on whose closing statement. A)
Seller's, buyer's, and broker's B) Buyer's only C) Seller's only D) Seller's and buyer's -
ANSWER - The answer is seller's and buyers. All loans are always a buyer credit. The
assumed loan represents funds the buyer does not bring to the table and funds the seller
will not receive. Debit the seller the amount and credit it to the buyer.
At closing, special taxes for government local improvement assessments are A) charged to
the seller if assumed by the buyer. B) charged to the seller if paid off at closing. C) always
charged to the buyer. D) always prorated to the date of closing. - ANSWER - The answer is
charged to the seller if paid off at closing. Special assessments are a debit to the seller if
they have agreed to pay the assessment off at closing. Otherwise, special assessments
will not show on any of the settlement papers as the buyer is assuming and paying the
assessment outside of closing.
Brokers generating contract forms on a computer must do all the following EXCEPT A)
ensure that there is a security system to prevent changes in the approved language of the
forms. B) use a different type of style for the blanks. C) use a contract written by an
attorney for general use in the firm, making sure the language cannot be altered. D)
strikethrough changes so they are still legible. - ANSWER - The answer is using a contract
written by an attorney for general use in the firm, making sure the language cannot be
altered. Attorneys may draft transaction-specific contracts. Rule F and Conway-Bogue
would not allow an attorney to draft a contract for general use by a firm because brokers
must use approved forms.
Brokers must renew their errors and omissions insurance A) no later than the first
anniversary of their license renewal. B) each year on or before June 15. C) when they apply
COLORADO POST EXAM 2025 NEWEST 2 VERSIONS (VERSION A, AND B) ACTUAL
155 QUESTIONS WITH DETAILED VERIFIED SOLUTIONS (100% CORRECT)
/ALREADY GRADED A+
All the following would be considered an illegal practice of law by a licensed real estate
broker EXCEPT A) helping a seller determine what the terms and rate of a seller-carry loan
should be. B) explaining the difference between tenants in common and joint tenancy. C)
recommending that a married couple take title as joint tenants. D) drafting a non-
negotiated addendum to be attached to the Contract to Buy and Sell. - ANSWER - The
answer is explaining the difference between tenants in common and joint tenancy. Brokers
are allowed to explain the forms of tenancy but may not recommend which form to take.
All of these are true of the Seller's Property Disclosure form EXCEPT A) the Contract to Buy,
and Sell will request that the seller supplies it to the buyer of a residential property. B) the
seller, not the broker, completes the form. C) it is optional in as-is transactions because
the seller does not need to disclose material facts in this type of sale. D) it is not required
by law but is recommended to make sure all material facts are disclosed. - ANSWER - The
answer is it is optional in as-is transactions because the seller does not need to disclose
material facts in this type of sale. The Seller's Property Disclosure is not required by law;
however, the seller must disclose all material facts, and the Contract to Buy and Sell
requests the form. The seller, not the broker, completes the form. Disclosure of material
facts is required for all properties, including those sold as-is.
An active broker may fulfill the continuing education requirement for a three-year renewal
cycle by any of the following EXCEPT A) taking 24 hours of approved continuing education
courses. B) taking and passing the state section of the broker licensing exam. C) taking the
national section of the broker licensing exam. D) completing 12 hours of commission
updates and 12 elective hours of approved continuing education. - ANSWER - The answer
is taking the national section of the broker licensing exam. The broker can take and pass
the state portion of the licensing exam or take 24 hours of continuing education by
completing 12 hours of updates and 12 hours of elective courses to meet the continuing
education requirement. Taking the national portion of the licensing exam will not give the
broker any credit.
An employing broker designates a broker to work with a buyer. Which of the following is
TRUE? A) The designated broker cannot work with the seller as well. B) The designated
broker cannot be the employing broker. C) The designated broker must investigate any
property the buyer is interested in. D) There is no brokerage relationship between the
designated broker and the employing broker. - ANSWER - The answer is there is no
,2 of 25
brokerage relationship between the designated broker and the employing broker. The
brokerage relationship exists only between the designated broker and the party the broker
represents, regardless of the type of representation. There is no brokerage relationship
between the employing broker and broker associate.
An employing broker hires a broker associate who has just received his license. The
employing broker is required to A) offer to withhold employment taxes because the broker
associate is an independent contractor. B) provide a high level of supervision, such as
attending the agent's closings. C) make sure the new broker associate attends post-
licensing classes. D) provide a reasonable level of supervision, such as holding monthly
sales meetings. - ANSWER - The answer is providing a high level of supervision, such as
attending the agent's closings. A new licensee must be given a high level of supervision,
such as the employing broker attending or at least making herself available for all closings.
Holding monthly sales meetings does not constitute a high level of supervision.
An employing broker is not sure if the addendum her broker associate drafted for an offer is
within the rules and requirements of Colorado contract law. The broker could do all the
following to better understand contract law EXCEPT A) read the Commission position
statement regarding Rule E-13. B) review Rule F. C) verify if the addendum has been
negotiated between the seller and the buyer. D) contact the firm's attorney. - ANSWER -
The answer is read the Commission position statement regarding Rule E-13. Rule E-13
does not apply to contracts; it is about sign crossing active listings. Any addendum
attached to the Contract to Buy and Sell must be negotiated between the seller and the
buyer. Rule F applies to forms and requirements of the law.
An employing broker's reasonable supervision of employed broker associates includes all
of the following EXCEPT A) providing a written office policy manual that all broker
associates must read and sign. B) making sure that if they are not available, there is a
qualified broker to answer questions. C) reviewing all contracts written. D) attending all
closings. - ANSWER - The answer is attending all closings. An employing broker is not
required to attend a closing as part of reasonable supervision. The employing broker must
review all contracts, make sure there is a qualified person to answer questions, and
provide a written office policy.
An inactive broker may do all the following EXCEPT A) complete a contract form once the
broker has given pricing information. B) prepare a CMA for a licensed broker who will then
present it to the buyer. C) sign checks from a brokerage firm's trust account. D) manage
property as an employee of the landlord. - ANSWER - The answer is complete a contract
form once the broker has given pricing information. An inactive broker may not do anything
, 3 of 25
that requires a license, such as soliciting buyers and sellers, selling options, or listing
property. Inactive brokers may, as any unlicensed person, work as an employee to manage
property under a landlord, work as an unlicensed assistant, complete a CMA for the broker
to present, and be a signer on the firm's trust account.
An unlicensed personal assistant may NOT A) prepare a comparative market analysis for a
buyer. B) write checks on a trust account. C) negotiate a minor contract change when the
broker is unavailable. D) hold an open house and hand out preprinted information. -
ANSWER - The answer is negotiating a minor contract change when the broker is
unavailable. Unlicensed assistants may not act like a broker; therefore, they may not
negotiate anything. They can write and sign checks, prepare comparative market analyses
if the broker presents them, and hold open houses.
At closing, a loan that is being assumed will show up on whose closing statement. A)
Seller's, buyer's, and broker's B) Buyer's only C) Seller's only D) Seller's and buyer's -
ANSWER - The answer is seller's and buyers. All loans are always a buyer credit. The
assumed loan represents funds the buyer does not bring to the table and funds the seller
will not receive. Debit the seller the amount and credit it to the buyer.
At closing, special taxes for government local improvement assessments are A) charged to
the seller if assumed by the buyer. B) charged to the seller if paid off at closing. C) always
charged to the buyer. D) always prorated to the date of closing. - ANSWER - The answer is
charged to the seller if paid off at closing. Special assessments are a debit to the seller if
they have agreed to pay the assessment off at closing. Otherwise, special assessments
will not show on any of the settlement papers as the buyer is assuming and paying the
assessment outside of closing.
Brokers generating contract forms on a computer must do all the following EXCEPT A)
ensure that there is a security system to prevent changes in the approved language of the
forms. B) use a different type of style for the blanks. C) use a contract written by an
attorney for general use in the firm, making sure the language cannot be altered. D)
strikethrough changes so they are still legible. - ANSWER - The answer is using a contract
written by an attorney for general use in the firm, making sure the language cannot be
altered. Attorneys may draft transaction-specific contracts. Rule F and Conway-Bogue
would not allow an attorney to draft a contract for general use by a firm because brokers
must use approved forms.
Brokers must renew their errors and omissions insurance A) no later than the first
anniversary of their license renewal. B) each year on or before June 15. C) when they apply
