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Exam-Colorado Real Estate Exam with Complete Solutions $11.99   Add to cart

Exam (elaborations)

Exam-Colorado Real Estate Exam with Complete Solutions

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  • Course
  • Colorado Real Estate
  • Institution
  • Colorado Real Estate

Exam-Colorado Real Estate Exam with Complete Solutions

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  • September 6, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Colorado Real Estate
  • Colorado Real Estate
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KarmaScores
Exam-Colorado Real Estate Exam with Complete
Solutions
Who of the following is exempt from real estate license law? Correct Answer-Investors

who own 12 investment properties and sell one to an owner-occupant




The purpose of the CRE Commission is to... Correct Answer-Protect the public of the state

of CO in real estate matters




If a broker is accused of a violation of license law in a complaint to the commission

investigative staff and its determined that the violation probably happened, the commission...

Correct Answer-May decide to refer the matter to a hearing before an appointed

administrative law judge




If judge finds broker in violation, penalties include public censure, license suspension, license

revocation or fine of no more than $2,500.




Commission doesn't have authority to determine damages or order restitution.




The real estate commission must investigate... Correct Answer-Any verified written

complaint.

, Exam-Colorado Real Estate Exam with Complete
Solutions

The commission doesn't deal with disputes b/t brokers.




In order to be the broker of record for a corporation, a person must hold... Correct Answer-

A valid active CO broker's license.




In March 2001, the law removed the requirement for ownership and office/director status.




In the event that the employing broker of a corporate brokerage is suddenly unable to

continue in that position, the commission may issue a temporary "hardship" license to any....

Correct Answer-CO licensee approved by the corporate board of directors.




Licensee can either be a broker or a salesperson.




Sole proprietorship has no business entity and much rehire all employed licensees and

renegotiate all listings.

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