Colorado Real Estate Guías de estudio, Notas de estudios & Resúmenes

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 June 5, 2014. On June 4, 2014 Woods wired Downes, "Offer withdrawn." Under...

Colorado Real Estate Practical 6 Questions and Answers 100% Pass A broker must offer: only the relationships he or she chooses to offer A buyer's costs in purchasing a home prior to closing will usually include all except: broker's commission A client wants to buy a commercial property. You tell her they are putting in an exit ramp off the highway, that is proposed but not set in stone, that would allow easy access to the business. The client buys and they end up putting the ramp ...

Colorado psi real estate practice test 100% correct Legal descriptions using the government survey system are NOT generally used in - Correct Answer ️️ -the original 13 states. Real property can be converted to personal property by - Correct Answer ️️ - severance A homeowner is willing to let his neighbor park an RV in his backyard. He does NOT want to make the permission permanent in case he dislikes others who might move next door in the future. What should he give his neighbor?...

Colorado Law and Practice - PSI REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% PASS Abandonment - Correct Answer ️️ -Non-payment of taxes Abstract of title - Correct Answer ️️ -A history of the ownership of parcel of land which lists transfers of title, rights, and liabilities. Acceleration Clause - Correct Answer ️️ -Upon default, all the principal installments come due to immediately Accesion - Correct Answer ️️ -owner of land is entitled to all the soil produces or all t...

Colorado Real Estate Exam – Questions with 100% Correct Answers Who of the following is exempt from real estate license law? - Correct Answer ️️ - Investors who own 12 investment properties and sell one to an owner-occupant The purpose of the CRE Commission is to... - Correct Answer ️️ -Protect the public of the state of CO in real estate matters If a broker is accused of a violation of license law in a complaint to the commission investigative staff and its determined that the ...

Colorado state Real Estate Exam Questions and Answers 100% Pass The Amend/Extend Contract With Broker is used to change : - Correct Answer ️️ -Any contract to which the broker is a party According to Rule F on Commission Approved Contracts what sections may be omitted from the Contract to Buy and Sell Real Estate: - Correct Answer ️️ -non-applicable financing conditions In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into: - Correct Answer ️️ -A...

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 ...

Colorado Real Estate- State Portion Questions and Answers 100% Pass Who usually deposits the earnest money check into escrow after a contract has been accepted? - Correct Answer ️️ -Listing Broker The licensee buy-out addendum must be used under all of the following conditions except: - Correct Answer ️️ -When a licensee is purchasing the property as a rental investment. What is the purpose of the real estate commission in Colorado? - Correct Answer ️️ -to protect the public ...

Colorado Real Estate Exam Prep State Portion Section 1 Duties and Powers of the Real Estate Commission and Section 2 Licensing Requirements Questions and Answers 100%Pass What is the purpose of Colorado real estate License Law - Correct Answer ️️ -Protect the public of the State of Colorado The purpose of the Colorado Real Estate Commission is to: - Correct Answer ️️ - Protect the public of the state of Colorado in real estate matters Acting as a real estate broker without a lice...