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REAL ESTATE EXPRESS – COLORADO CLOSINGS
FINAL EXAM 2025-2026 ACTUAL EXAM QUESTIONS
AND CORRECT DETAILED ANSWERS {D212 Q & A}
ALREADY GRADED A+ / COLORADO REAL ESTATE
CLOSINGS AND SETTLEMENT FINAL EXAM |
GUARANTEED PASS
Who traditionally pays loan costs like discount points on a new
loan?
A)
Buyer
B)
Seller
C)
Lender
D)
Broker - ✔✔✔ Correct Answer > A)
Loan costs and other loan fees are traditionally paid by the
borrower but can be negotiated to be a seller concession. The
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Contract to Buy and Sell determines who will pay and how much.
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If a Colorado property sells for $263,900, what documentary fee
will be paid when the warranty deed is recorded?
A)
$263.90
B)
$26.00
C)
$26.39
D)
$260.00 - ✔✔✔ Correct Answer > C)
The way to express the documentary fee is $0.01 per $100. The
easiest way to calculate it is just to move the decimal four digits
to the left. For this question, $26.39 or $263,900 × 0.0001 = $26.39.
A flat-rate water bill that is paid in advance in the amount of
$37.50 for the month has not been paid. For a closing on June
16, which is a correct entry for the settlement statements?
A)
Credit seller $18.75
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B)
Debit seller $18.75, credit buyer
$18.75 C)
Debit buyer $18.75, credit seller
$18.75 D)
Debit seller and buyer $18.75 - ✔✔✔ Correct Answer > D)
The water is a lien at closing, but the seller only owes for the
seller portion of the month, and the buyer will be required to pay
the buyer portion. The combined amount is the total amount due,
which will be a credit to the broker, who will write a check to
clear the lien.
There is a $13 cost for the recording of the release for the
current deed of trust in the new loan statement. The settlement
sheet entry is
A)
$13 debit seller
only. B)
$13 debit buyer, credit broker.
C)
$13 debit seller, credit broker.
REAL ESTATE EXPRESS – COLORADO CLOSINGS
FINAL EXAM 2025-2026 ACTUAL EXAM QUESTIONS
AND CORRECT DETAILED ANSWERS {D212 Q & A}
ALREADY GRADED A+ / COLORADO REAL ESTATE
CLOSINGS AND SETTLEMENT FINAL EXAM |
GUARANTEED PASS
Who traditionally pays loan costs like discount points on a new
loan?
A)
Buyer
B)
Seller
C)
Lender
D)
Broker - ✔✔✔ Correct Answer > A)
Loan costs and other loan fees are traditionally paid by the
borrower but can be negotiated to be a seller concession. The
,2
Contract to Buy and Sell determines who will pay and how much.
,3
If a Colorado property sells for $263,900, what documentary fee
will be paid when the warranty deed is recorded?
A)
$263.90
B)
$26.00
C)
$26.39
D)
$260.00 - ✔✔✔ Correct Answer > C)
The way to express the documentary fee is $0.01 per $100. The
easiest way to calculate it is just to move the decimal four digits
to the left. For this question, $26.39 or $263,900 × 0.0001 = $26.39.
A flat-rate water bill that is paid in advance in the amount of
$37.50 for the month has not been paid. For a closing on June
16, which is a correct entry for the settlement statements?
A)
Credit seller $18.75
, 4
B)
Debit seller $18.75, credit buyer
$18.75 C)
Debit buyer $18.75, credit seller
$18.75 D)
Debit seller and buyer $18.75 - ✔✔✔ Correct Answer > D)
The water is a lien at closing, but the seller only owes for the
seller portion of the month, and the buyer will be required to pay
the buyer portion. The combined amount is the total amount due,
which will be a credit to the broker, who will write a check to
clear the lien.
There is a $13 cost for the recording of the release for the
current deed of trust in the new loan statement. The settlement
sheet entry is
A)
$13 debit seller
only. B)
$13 debit buyer, credit broker.
C)
$13 debit seller, credit broker.
