Colorado Real Estate Exam: Colorado Health Insurance Exam: Colorado Real Estate Exam 2:Colorado Real Estate Exam Preparation Exam 3:Colorado Real Estate Exam :State of Colorado Sales License Test: Questions & Answers: Updated A Plus Solutions

Disclosure of Confidential Information (Ans- A licensee, registrant, or certificate holder shall not disclose, without the consent of the client, any confidential communications made by the client, or advice given to the client, in the course of professional employment. A licensee's, registrant...

Mandatory Uniform Provisions (Ans- Must be included in every individual accident policy, no additional provisions may be included which otherwise restrict or modify a uniform provision, designed to protect the insured's interest Entire Contract Clause- Mandatory Uniform (Ans- Includes the po...

What is the maximum amount the commissioner can fine an insurer for each violation of a cease-and-desist order? (Ans- $10,000 When appropriate the commissioner reports a violation of insurance law to (Ans- The district attorney A company that has not been authorized to operate in Colorado is...

Which of the following is an example of defamation? A brochure including an untrue statement regarding a competitor's ability to pay claims A truthful estimate of the dividends A pamphlet listing a competitor's financial rating A verbal statement of a competitor's complaint ratio (Ans- ...

Traditional Whole Life (Ans- -Ordinary (Straight) Life -Limited-Pay & Single-Premium Whole Life -Adjustable Whole Life Ordinary (Straight) Life (Ans- -Until 100 or Death, whichever comes first -Permanent Protection -Rates & benefits based on law of large numbers (Mortality Rate) -Gu...

Mandatory Uniform Provisions (Ans- Must be included in every individual accident policy, no additional provisions may be included which otherwise restrict or modify a uniform provision, designed to protect the insured's interest Entire Contract Clause- Mandatory Uniform (Ans- Includes the po...

Duties of the Colorado Real Estate Commission include all of the following EXCEPT A) Investigation of verified written complaints. B) Approving errors and omissions carriers. C) Creating the Annual Commission Update course each year. D) Hearing disputes between brokers. (Ans- D) Hearing disput...

A buyer creates liquidated damages in the sales contract by (Ans- Doing nothing, the contract will default to liquidated damages Colorado Common Interest Ownership Act requires: (Ans- real property to be described in a declaration which obligates an individual unit owner to pay property tax, ...

If neither the management agreement with the owner nor the tenant's lease addresses who will hold the security deposits, they must be deposited in: (Ans- Account(s) separate from other money belonging to the broker Colorado Use Tax, a form of sales tax, is payable on the transfer of furniture, e...

An out of -state investor sells a property in Colorado. The closing entity must withhold up to 2 percent of the (Ans - selling price as possible income tax liability The Closing Instructions form (Ans - must be part of every contract According to statue, "good funds," include a (Ans - tel...

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: (Ans- $75.62 Debit Buyer & Credit Seller At a minimum an independent broker's written office policy must i...

Title Theory (Ans- lender owns, borrower has equitable title Hypothecation (Ans- pledging property as collateral for a loan without giving up possession Mortgagee (Ans- Lender Mortgagor (Ans- borrower Non Judicial foreclosure (Ans- *CO: Public trustee has power to foreclose 1...

Three of the following types of motor vehicles are exempt from the truth in mileage act. (Ans- ~Vehicles 10 years old or older Vehicles having a gross empty weight more than 10,000 lbs~Vehicles not self propelled (Trailers) The definition of a used motor vehicle dealer or used dealer includes w...