COLORADO CONTRACTS AND
REGULATIONS; CHAPTER 2
CORRECT 100%
An applicant for a real estate license with a felony conviction more than 10 years
before the application date _____ . - ANSWERis not required to reveal the conviction
on the application.
Before renewing your license on active status every 3 years, you must complete
____ hours of continuing education. - ANSWER24
According to Commission rule, every listing/employment agreement must include the
date of the _____ .
contract termination.
commission payment.
earnest money deposit.
CMA supporting the list price. - ANSWERcontract termination.
A broker for a corporation must _____
.
be licensed as a broker.
be an officer and director with voting rights.
have more than a nominal financial interest in the corporation.
all of these. - ANSWERbe licensed as a broker.
The Colorado Real Estate commission has ____ Rules. - ANSWER5
According to REC rules and regulations, a real estate licensee should advise _____ .
title examination
legal counsel or advice
both a and b
none of the above - ANSWERboth a and b
If the seller withdraws from a valid Contract to Buy and Sell Real Estate, the earnest
money _____ . - ANSWERis returned in full to the buyer.
If a broker knows a property owner is under a listing contract with another broker, he
or she must _____ .
-refrain from any contact with that owner.
-never initiate contact with that property owner, but if called may offer advice on the
current listing.
REGULATIONS; CHAPTER 2
CORRECT 100%
An applicant for a real estate license with a felony conviction more than 10 years
before the application date _____ . - ANSWERis not required to reveal the conviction
on the application.
Before renewing your license on active status every 3 years, you must complete
____ hours of continuing education. - ANSWER24
According to Commission rule, every listing/employment agreement must include the
date of the _____ .
contract termination.
commission payment.
earnest money deposit.
CMA supporting the list price. - ANSWERcontract termination.
A broker for a corporation must _____
.
be licensed as a broker.
be an officer and director with voting rights.
have more than a nominal financial interest in the corporation.
all of these. - ANSWERbe licensed as a broker.
The Colorado Real Estate commission has ____ Rules. - ANSWER5
According to REC rules and regulations, a real estate licensee should advise _____ .
title examination
legal counsel or advice
both a and b
none of the above - ANSWERboth a and b
If the seller withdraws from a valid Contract to Buy and Sell Real Estate, the earnest
money _____ . - ANSWERis returned in full to the buyer.
If a broker knows a property owner is under a listing contract with another broker, he
or she must _____ .
-refrain from any contact with that owner.
-never initiate contact with that property owner, but if called may offer advice on the
current listing.
