Colorado Real Estate

Colorado Real Estate Exam Complete Questions And Answers Graded A+ Colorado Real Estate Exam Complete Questions And Answers Graded A+ Colorado Real Estate Exam Complete Questions And Answers Graded A+

Colorado Real Estate Math Questions and Answers 100% Pass A real estate agent is paid $200.00 a month salary and a 2 ½ % commission on everything sold over $150,000 in one year. If the agent makes $22,000 one year. How much did the agent sell? 784000 634000 934000 880000 - Correct Answer ️️ -934000 $200 X 12 = $2,400 (total salary); $22,000 - $2,400 = $19,600 (total commission sales) / .025 (commission rate) = $784,000 (sales above $150,000 that earned the $19,600 commission) + $...

COLORADO REAL ESTATE EXAM REVIEW QUESTIONS & ANSWERS. GRADED A+/ VERIFIED. every valid contract must meet all of the following requirements except - -earnest money to have a valid contract four elements are needed - -1) competent parties 2) mutual consent 3) legal consideration 4) legal object mutual consent - -the offer and acceptance of the offer legal consideration - -promises, something of value, an act, giving up the right to act, etc, legal object - -the parties are agreeing t...

Colorado Real Estate National Exam Practice Questions And Answers Graded A+ Colorado Real Estate National Exam Practice Questions And Answers Graded A+

Colorado Real Estate Exam Prep (2023/2024) (Certified Solutions) Title Theory lender owns, borrower has equitable title Hypothecation pledging property as collateral for a loan without giving up possession Mortgagee Lender Mortgagor borrower Non Judicial foreclosure *CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure No sale. Full legal title given to lender, loss of equity for borrower Judicial foreclosure done t...

COLORADO REAL ESTATE STATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ All unpaid ad valorem taxes become delinquent and a LIEN after what date? - -June 15th, and they become a lien on January 1st of the following year. In a transaction that is subject to a licensee buyout agreement, if the buyer defaults what is the sellers default recourse? - -Sue for specific performance If a contract for the sale of real property does not contain consideration it is: - -Void What is found in the ...

COLORADO REAL ESTATE STATE EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+/ All unpaid ad valorem taxes become delinquent and a LIEN after what date? - -June 15th, and they become a lien on January 1st of the following year. In a transaction that is subject to a licensee buyout agreement, if the buyer defaults what is the sellers default recourse? - -Sue for specific performance If a contract for the sale of real property does not contain consideration it is: - -Void What is found in the p...

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. - ANSWER-D) Hearing disputed between brokers. A buyer in a closed transaction has filed a complaint with the Colorado Real Estate Commission, claiming the buyer's agent misrepresented the property. The Commission, in resp...

COLORADO REAL ESTATE SCHOOL/ MISSED AND STUCK EXAM QUESTIONS & ANSWERS, GRADED A+/ Which of the following requires the use of the Licensee Buyout Addendum to the contract to Buy & Sell? 1. A listing associates offer to purchase a listing immediately after it expires 2. A broker is offering a guarantee as an inducement to list with his company 3. An associate in the brokerage wishes to purchase another associates listing 4. A broker wishes to acquire a property he has listed to use as an i...

Colorado Real Estate Exam Prep State Portion Section 1 Duties and Powers of the Real Estate Commission and Section 2 Licensing Requirements 100% Correct What is the purpose of Colorado real estate License Law Protect the public of the State of Colorado The purpose of the Colorado Real Estate Commission is to: Protect the public of the state of Colorado in real estate matters Acting as a real estate broker without a license or with a suspended license is: a misdemeanor punishable by six months ...