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COLORADO POST EXAM 2024 NEWEST 2 VERSIONS ACTUAL EXAM MOST QUESTIONS WITH DETAILED VERIFIED SOLUTIONS (100% CORRECT) /ALREADY GRADED A+$15.49
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COLORADO POST EXAM 2024 NEWEST 2
VERSIONS ACTUAL EXAM MOST
QUESTIONS WITH DETAILED VERIFIED
SOLUTIONS (100% CORRECT) /ALREADY
GRADED A+
After closing, a buyer discovered that a suicide had recently
occurred on the property. The buyer submitted a complaint to
the Colorado Real Estate Commission against the listing broker
for failing to disclose this fact. The Commission will
A)
dismiss the complaint because stigmatization of property is not
considered a material fact.
B)
immediately suspend the license of the broker while awaiting a
hearing.
C)
investigate the complaint, submit it to a hearing, and may
revoke the license of the listing broker.
D)
void the sale and award the buyer money from the Recovery
Fund. - Correct answer - The answer is dismiss the complaint
because stigmatization of property is not considered a material
,fact. The Colorado Real Estate Commission will not investigate a
broker in this situation because stigmatized property law
protects the broker from disclosure of these facts.
The Colorado Real Estate Commission would investigate a
complaint
A)
from an associate broker over a dispute regarding commissions
with the employing broker.
B)
about a broker not supplying closing statements at closing.
C)
from a buyer regarding a broker not disclosing that someone
was murdered on the property.
D)
by the public involving a broker's ethics. - Correct answer -
The answer is about a broker not supplying closing statements
at closing. The Colorado Real Estate Commission must
investigate any situation in which a broker is guilty of breaking
the law. Brokers are required to provide closing statements at
closing. The Commission does not handle ethics violations or
disputes between buyers, and stigmatized property law
protects the broker from disclosing a murder.
,A broker renewing a Colorado license is required to have how
many hours of continuing education over what period of time?
A)
36 hours over 4 years
B)
24 hours over 3 years
C)
8 hours over 2 years
D)
24 hours over 4 years - Correct answer - The answer is 24
hours over 3 years. The law requires a total of 24 hours of
continuing education, of which 12 must be from Annual
Commission Update courses, with all education completed over
3 years.
An active broker may fulfill the continuing education
requirement for a three-year renewal cycle by any of the
following EXCEPT
A)
taking 24 hours of approved continuing education courses.
B)
, taking and passing the state section of the broker licensing
exam.
C)
taking the national section of the broker licensing exam.
D)
completing 12 hours of commission updates and 12 elective
hours of approved continuing education. - Correct answer -
The answer is taking the national section of the broker licensing
exam. The broker can take and pass the state portion of the
licensing exam or take 24 hours of continuing education by
completing 12 hours of updates and 12 hours of elective
courses to meet the continuing education requirement. Taking
the national portion of the licensing exam will not give the
broker any credit.
An inactive broker may do all of the following EXCEPT
A)
complete a contract form once the broker has given pricing
information.
B)
prepare a CMA for a licensed broker who will then present it to
the buyer.
C)
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