Colorado Real Estate Study guides, Class notes & Summaries

Madison Davidson negotiated for a $30,000 loan with $200 monthly payments, plus 9 percent interest. In this case, what is the monthly interest in the first month? A: $225 B: $450 C: $425 D: $205 - A: 225 First, you take $30,000 and multiply it by 9% for the total annual interest paid, or $2,700. Divide that by 12 (months) for a total of $225 per month interest payment. If this is a fully amortized loan, the ratio of principal and interest will change every month, with the interest declin...

Colorado Real Estate – Contracts Exam Questions and Answers 100% Pass vicarious liability - Correct Answer ️️ -a principal's liability for an agent's acts performed within the scope of the agency; specifically excluded by Colorado statute from a principal's liability unless the act or omission was approved, directed or ratified. (The employing broker is responsible to licensees actions) Sam is an associate broker who wishes to purchase investment property. What must Sam do when the ...

Colorado Real Estate Exam Questions With Verified And Updated Solutions. Real Estate - answerLand; a portion of the earth's surface extending downward to the center of the earth and upward infinitely into space, including all things permanently attached to it, whether naturally or artificially. Estate - answerOnes legal interest in property - either freehold or non-freehold. Land - answerLand; a portion of the earth's surface extending downward to the center of the earth and upward infi...

Colorado Real Estate Exam Questions With Verified And Updated Solutions. When must earnest money be deposited? - answer3 business days AFTER -Notice of Acceptance- Property Managers must deposit advance rents and security deposits within how many business days after receipt? - answer5 How long must a temporary broker have had a license for? and whom does this NOT apply for? - answer2 years Independent Brokers A broker paid their renewal fee 1 month after expiration What is the status du...

Colorado Real Estate Exam Questions With Verified And Updated Solutions. SS - answer Who pays for recording of warranty deed? - answerGrantee/Buyer Who pays for owner's title insurance? - answerSeller Good Funds - answerHave to be available immediately, like cash Example of good funds - answerCashier's check, teller's check Regulation Z - answerRegulates advertising truths lenders must follow (protects borrowers) BAMF: Regulation Z - answerBorrowing, APR, Monthly payments, Finance cha...

Colorado Real Estate Practical 6 Questions With 100% Correct Answers. A property is listed with Rockwell Realty at $70,000. Rockwell Realty negotiates with Woods who is familiar with the property and who agrees to buy the property at that figure. Rockwell Realty prepares an agreement of sale, which is signed by Woods. Copies are then mailed to Downes, the owner, for signature on May 31, 2014. Downes receives the copies on June 3, 2014. He signs them and mails the signed copies to Woods on ...

Colorado Real Estate Exam Guide Questions and CORRECT Answers SS - Correct ANSWER- Who pays for recording of warranty deed? - Correct ANSWER- Grantee/Buyer Who pays for owner's title insurance? - Correct ANSWER- Seller Good Funds - Correct ANSWER- Have to be available immediately, like cash Example of good funds - Correct ANSWER- Cashier's check, teller's check Regulation Z - Correct ANSWER- Regulates advertising truths lenders must follow (protects borrowers)

Colorado Real Estate UPDATED Exam Questions and CORRECT Answers Real Estate - Correct ANSWER- Land; a portion of the earth's surface extending downward to the center of the earth and upward infinitely into space, including all things permanently attached to it, whether naturally or artificially. Estate - Correct ANSWER- Ones legal interest in property - either freehold or non-freehold. Land - Correct ANSWER- Land; a portion of the earth's surface extending downward to the center of t...

Colorado Real Estate PASSED Exam Questions and CORRECT Answers When must earnest money be deposited? - Correct ANSWER- 3 business days AFTER -Notice of AcceptanceProperty Managers must deposit advance rents and security deposits within how many business days after receipt? - Correct ANSWER- 5

Colorado state Real Estate Exam Actual Exam with Questions and Answers (2024 / 2025) 100% Guarantee Pass

Colorado Real Estate Exam Actual Exam with Questions and Answers (2024 / 2025) 100% Guarantee Pass

Colorado Real Estate Exam Actual Exam with Questions and Answers (2024 / 2025) 100% Guarantee Pass