Colorado Real Estate Exam Prep Questions and Answers 100% Pass

Colorado Real Estate Exam Prep Questions and Answers 100% Pass Title Theory - Correct Answer ️️ -lender owns, borrower has equitable title Hypothecation - Correct Answer ️️ -pledging property as collateral for a loan without giving up possession Mortgagee - Correct Answer ️️ -Lender Mortgagor - Correct Answer ️️ -borrower Non Judicial foreclosure - Correct Answer ️️ -*CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure - Correct Answer ️️ -No sale. Full legal title given to lender, loss of equity for borrower Judicial foreclosure - Correct Answer ️️ -done through courts in *Title Theory states Conversion - Correct Answer ️️ -illegal use of entrusted money Comingling - Correct Answer ️️ -mixing client monies or mixing with personal monies Express Agency - Correct Answer ️️ -Actual, formal written agreement establishing terms and conditions Gross Income Multiplyer - Correct Answer ️️ -=sale price/gross ANNUAL income large rental or commercial property Government deed limitations - Correct Answer ️️ -Police power eminent domain taxation escheat Private deed limitations - Correct Answer ️️ -deed restrictions mortgages leases easements Tennancy at Sufference - Correct Answer ️️ -tenant has remained past lease terms can be evicted Township squares - Correct Answer ️️ -6x6 mi wide squares Periodic Tenancy - Correct Answer ️️ -No specific duration but notice must be given ex. week to week, month to month Tenancy for years - Correct Answer ️️ -specific time limit no notice to vacate unless written in Terminating an estate - Correct Answer ️️ -eminent domain voluntary alienation adverse possession Eminent domain - Correct Answer ️️ -right of government to acquire private property for public use Bounds - Correct Answer ️️ -direction Ranges - Correct Answer ️️ -6 mi wide strips running north and south parallel to principal meridians Transaction Broker - Correct Answer ️️ -disclose known defects and material facts help to explain and understand without prejudice or advise negotiate sale without representation section - Correct Answer ️️ -640 acres 1 square mile 36 per township square brokerage - Correct Answer ️️ -the business of bringing parties together negligent misrepresentation - Correct Answer ️️ -broker SHOULD HA