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COLORADO REAL ESTATE FINAL DEFINITIONS EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+/ Describing property by degrees, feet, and monuments is called: A) Maps and Plats System B) Rectangular Survey System C) Metes and Bounds D) Lots and Block - -C) Metes and Bounds A defect or a cloud of title of a property is best cured by: A) Quitclaim Deed B) Partition Action C) Obtaining Title Insurance D) Repudiating adverse claims - -A) Quitclaim Deed If a tenant pays taxes, insurance, their share ...

COLORADO REAL ESTATE FINAL EXAM REVIEW QUESTIONS & ANSWERS. GRADED A+ According to the Exclusive-Right-To-Sell Listing Contract, what happens to the earnest money if the buyer defaults? - -BuyerThe seller gets the funds The journal: - -is a chronological record of all receipts and disbursements made by the broker from the escrow bank account Title passes from the grantor to the grantee: - -when the seller signs the warranty deed When earnest money is withdrawn from the escrow account a...

COLORADO REAL ESTATE FOCUS QUESTION EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+. Which of the following is true concerning listings based on a "net price?" A) they are illegal in Colorado B) they are more profitable because no minimum is set on the amount of commission C) they are legal in Colorado as long as the seller agrees, and the broker has the necessary form prepared by an attorney representing one of the parties to the transaction. D) they are permissible with approval of the ...

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...

| latest update 2024/25|COLORADO REAL ESTATE STATE EXAM PART 1: EXAM REVIEW QUESTIONS AND ANSWERS, WITH RATIONALE/ GRADED A+/ According to the Exclusive-Right-To-Sell Listing Contract, what happens to the earnest money if the buyer defaults? a.The seller and listing broker evenly split the funds b.The mediator decides who receives the funds c.The seller gets the funds d.The buyer receives the funds back - -c.The seller gets the funds Buyer is in default If a broker moves his place of ...

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...

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 PORTION EXAM PREP EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+. True or False? Colorado real estate license law was enacted to protect brokers? - -FALSE-The law protects the public in dealing with licensed brokers. True or False? The Real Estate Commission must investigate every complaint against a license. - - FALSE-Only written complaints must be investigated. True or False?If a licensee violates the license law, the Commission may levy a fine of up to $2,500....

COLORADO EXAM PREP - MISSED QUESTIONS/ ACCURATELY ANSWERED. VERIFIED. A personal assistant may: 1. Negotiate the sale of a listed property with a buyer and seller 2. Prepare and submit market analyses for sellers or buyers on behalf of a broker 3. Independently draft a listing contract for seller/buyer signature 4. Measure the square footage of a residential listing - -Measure the square footage of a residential listing The loan balance being assumed by the buyer is: 1. Debit Seller;...

CLASS F LICENSE GEORGIA QUESTINS AND ANSWERS, GRADED A+/ what is the minimum tread depth on the front tires? - -4/32 how much tread depth is needed on the back tires? - -2/32 at what amount of DEF fluid should you fill up? - -1/8 what should your oil pressure be at when truck is idling? - -5-20 psi what should your oil pressure be at when truck is operating? - -35-75 psi how long should it take the truck to build 50-90 psi? - -within 3 minutes how much psi does the governer cut off enga...