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Exam- Colorado Real Estate Exam Prep 2024/2025 Update
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Exam- Colorado Real Estate Exam Prep 2024/2025 Update
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Exam- Colorado Real Estate Exam Prep 2024/2025Update
Annual plantings are generally considered to be: Correct Answer-personal property
Designated brokerage does not include what? Correct Answer-A Real Estate Brokerage firm
that consists of only 1 licensed natural person.
Unless otherwise agreed, all earnest money shall be deposited in the brokers escrow or trust
account not later than when? Correct Answer-3 days after the broker received notice of
acceptance of a sales contract.
A listing licensee is responsible for accurately representing what? Correct Answer-The
source of the square footage.
In a buyer-agent situation, what responsibilities does the principal have to the agent?
Correct Answer-He may have to pay a commission.
The effort that brings about the desired result in a real estate sale is known as: Correct
Answer-procuring cause
, Exam- Colorado Real Estate Exam Prep 2024/2025
Update
When a broker signs the broker acknowledgment at the end of the residential contract to
buy/sell, the broker is acknowledging what? Correct Answer-receipt of the earnest money
deposit.
Building a $200,000 home in a neighborhood where other homes were valued at $100,000
would cause the new home to suffer a loss in value according to the principle of: Correct
Answer-regression
A condition that must be met for the contract to be enforced is called: Correct Answer-
contingency:
When there are no provisions in a lease or management agreement as to the brokers
responsibility for escrow security deposits, the broker must: Correct Answer-remit deposit
to owner
A balance due to the seller is written how? Correct Answer-Debit seler, credit broker
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