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Colorado Real Estate Exam Prep Questions and Answers 100% Pass

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Colorado Real Estate Exam Prep Questions and Answers 100% Pass If a Seller carries back $12,000 at 10 percent interest and closes on July 9 with the first loan payment due September 1, the interest on the new loan on the settlement worksheet will be: - Correct Answer ️️ -$75.62 Debit Buyer & Credit Seller At a minimum an independent broker's written office policy must identify and describe: - Correct Answer ️️ -The relationships offered to the public by such broker Unless modifie...

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Colorado Real Estate Exam Prep State Portion Section 5, Forms and Contracts 100% Correct

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Colorado Real Estate Exam Prep State Portion Section 5, Forms and Contracts 100% Correct The Supreme Court decision in the Conway-Bogue case relating to the practice of law by real estate brokers and employed licensees stated: - Correct Answer ️️ -Colorado licensees completing standard form are practicing law and have a limited permission to do so. The purpose of Commission Rule F relating to approved forms is to: - Correct Answer ️️ -help insure the brokers compliance with the Co...

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Colorado Practice Test for PSI Questions and Answers 100% Pass

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Colorado Practice Test for PSI Questions and Answers 100% Pass The brokerage firm owns the listing contract and has designated a broker to represent the seller. In this case, the designated broker: A. performs the services and represents the seller. B. is an employing broker, both represent the seller. C. is not supervised by the employing broker. D. will be an agent of the buyer. - Correct Answer ️️ -performs the services and represents the seller. Only a designated broker has an a...

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Colorado Contracts & Regulations Unit Questions and Answers 100% Pass

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Colorado Contracts & Regulations Unit Questions and Answers 100% Pass It is possible for the public to get the address and number of a licensee from the Real Estate Commission. 1. True 2. False - Correct Answer ️️ -1 If you practice real estate without a license you will be prosecuted by 1. the sheriff. 2. the attorney general. 3. a district attorney. 4. the Real Estate Commission. - Correct Answer ️️ -3 An individual who charges a fee to sell options on real estate must have ...

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Colorado Contract to Buy and Sell Real Estate Questions and Answers 100% Pass

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Colorado Contract to Buy and Sell Real Estate Questions and Answers 100% Pass Real Property - Correct Answer ️️ -will be included in the sale, unless specifically excluded in the contract under the exclusions section & fixtures will transfer with real property in the deed Due Diligence - Correct Answer ️️ -when something is leased Division of Water Resource - Correct Answer ️️ -a well is not a water right - it is a well permit Dates and deadlines - Correct Answer ️️ -only...

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PSI Colorado RE - Colorado Forms and Contracts Questions and Answers 100% Pass

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PSI Colorado RE - Colorado Forms and Contracts Questions and Answers 100% Pass single party listing - Correct Answer ️️ -broker or seller has prospective buyer in mind - only valid if that prospect buys listing is only a few days Should have no hold over can use the exclusive right to sell or lease contract but must add commission specific provisions buyer representation agreement/Exclusive Right to Buy Listing Contract - Correct Answer ️️ -An agreement setting out a principal-a...

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Colorado Real Estate Exam Prep #2 Questions and Answers 100% Pass

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Colorado Real Estate Exam Prep #2 Questions and Answers 100% Pass A buyer creates liquidated damages in the sales contract by - Correct Answer ️️ - Doing nothing, the contract will default to liquidated damages Colorado Common Interest Ownership Act requires: - Correct Answer ️️ -real property to be described in a declaration which obligates an individual unit owner to pay property tax, ins. premiums, maintenance or improvement on some declared real property owned in common When ...

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Colorado Real Estate Math Questions and Answers 100% Pass

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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) + $...

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