A. sets the degree to which real estate brokers may practice law.
B. prohibits real estate brokers from advising sellers about the legal effects of contracts.
C. allows brokers to charge for each contract they prepare.
D. requires brokers to fill in blanks on contracts using only standard and approved entries.
In Colorado, which of the following items does NOT need to be in writing to be enforceable in court?
A. A mineral rights lease
B. A contract for sale of vacant land
C. A six-month apartment lease
D. A sale-leaseback agreement
If a transaction fails to close because of a title defect, _____ .
A. the seller owes the broker a commission.
B. no commission is earned.
C. the seller must use the earnest money deposit to correct the defect.
D. the broker may retain part of the earnest money as commission earned.
Under the Exclusive Right-to-Buy Contract, the buyer may choose to have the buyer agent paid by any of the following EXCEPT:
A.the buyer.
B. the seller.
C. the listing brokerage firm.
D. the lender if the broker referred the buyer to that lender.
Which of the following statements about the Commission-approved Lead-Based Paint Disclosure (Sales) form is FALSE?
A. It is to be attached to the Contract to Buy and Sell Real Estate when applicable.
B. It must be prepared and presented before an offer to purchase is presented.
C. Absence of the buyer’s signed acknowledgement can void the contract.
D. It applies to all properties without exception.
The Acceptance Deadline Date and Acceptance Deadline Time in the Contract to Buy and Sell Real Estate represent the moment when:
A.the contract expires if all terms and conditions have not been met.
B. the transaction closes unless either party objects.
C. the proposal or offer expires unless signed by buyer and seller.
D. the buyer can no longer require the seller to make any repairs to the property.
100. The Colorado Contract to Buy and Sell Real Estate provides for a “walk-through” of the property prior to closing for the purpose of:
A. identifying any last-minute seller repair items.
B. confirming square footage measurement.
C. verifying that the property is in move-in condition.
D. verifying that the property and inclusions comply with the contract.