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Colorado Real Estate Exam Prep Questions
and Correct Answers the Latest Update
and Recommended Version
If a Seller carries back $12,000 at 10 percent interest and closes on July 9 with the first loan
payment due September 1, the interest on the new loan on the settlement worksheet will be:
✓ $75.62 Debit Buyer & Credit Seller
At a minimum an independent broker's written office policy must identify and describe:
✓ The relationships offered to the public by such broker
Unless modified, the powers granted in a Colorado statutory power of attorney for property
are
✓ General in scope
Under which of the following circumstances would a broker license NOT be placed on inactive
status?
✓ failing to meet your continuing education requirements
The commission will, when becoming aware that a licensee has failed to maintain possession of
transaction records for a period of four years,
✓ Impose an administrative fine not to exceed two thousand five hundred dollars for each
separate offense
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