2023 Edition

Colorado Real Estate Practice Exam

Take this free practice test to get an idea of what is on the Colorado Real Estate Broker exam administered by the Colorado Department of Regulatory Agencies, Division of Real Estate. The actual exam has 154 questions and 3 hours and 50 minutes is given to complete it. 

To prepare for the actual exam, check out our 154 Question Colorado Real Estate Broker Practice Exam with the same number of questions as the actual exam plus 350 bonus core real estate questions.

 
 

Colorado Real Estate Commission

1. Which statement is false regarding the Enforcement Section of the Real Estate Commission?
2. In the case of criminal violations by a licensee, which of the following is true?
3. Each of the following could be grounds for suspension of one's real estate license if that real estate broker is found guilty, except:

Colorado License Requirements

4. Receiving a fee for negotiating, purchasing, selling, or leasing real property on another's behalf requires a real estate license. However, performance of these services is exempt from licensure for certain purposes in Colorado. Which of the following is not one of the exempt purposes?
5. Which of the following is the correct quantity of Continuing Education required?
6. There is an exception to the normal continuing education credit hours requirements for the renewal of a broker's license. Which is it?

Colorado Brokerage Administration

7. An agent at a multiple person firm who is engaged to work with a party in a transaction must be assigned in writing by the employing broker as which of the following?
8. Which statement is false regarding an Office Policy Manual?
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9. The payment of commissions to a broker establishes what kind of relationship between the parties?

Colorado Practice of Real Estate

10. A broker's real estate license is suspended. Going forward, that broker may still be paid commissions for which of the following?
11. Which of the following does not constitute an acceptable cause for a referral fee?
12. The prohibited practice of negotiating directly with a consumer who is subject to an unexpired listing contract with another broker is referred to as which of the following?
13. Who must consent to the terms of a short sale transaction in order for the closing to occur?
14. Which of the following is a form of seller financing?
15. Money belonging to others that is placed in the care of a broker is required to be held in what kind of account?

Colorado Property Management

16. In a property management trust account, unless there is a contract outlining otherwise or another party establishes the right to the security deposit, the interest accrued on a security deposit belongs to whom?
17. The contract between a property owner and the brokerage firm employed for property management on behalf of the owner is known as which of the following?

Colorado Landlord Tenant Act

18. A broker engaged by a landlord owes all of these obligations except for which of the following?

Colorado Taxes

19. In the year of a sale, who is responsible to pay property taxes levied on the home that is sold?

Colorado Contracts to Buy and Sell Real Estate

20. Which of the following items must be named under Exclusions if the seller wishes to take it with them to their new home?
21. Which of the following is not a standard form?
22. A document with the promise to pay earnest money is known as which of the following?

Closing and Settlement in Colorado

23. Who is responsible for accurate closing statements for a closing conducted by a title company?
24. Which of the following refers to the document that incorporates the terms of the contract to buy and sell real estate and from which the closing statements are prepared?
25. A title company is permitted to provide closing services only when which of the following is true?
26. Buyer, seller and broker signatures on closing statements do not attest to which of the following?

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Quality starts with who wrote the material.
Our practice exam writer
s
:
Kimberly Trimmel

Kimberly is a licensed real estate broker in Illinois and a real estate instructor with the Real Estate Institute. She is a certfied instructor with the National Association of Realtors. She has worked as a broker with Century 21, Coldwell Banker and Keller Williams and was formerly the Director of Professinal Standards with the Chicago Association of Realtors.
Our material is specific to the Illinois Real Estate Broker Exam, covering both the National and State sections with these content areas: 
  • Property Ownership
  • Land Use Regulations
  • Laws of Agency
  • Fiduciary Duties  
  • Property Valuation
  • Financial Analysis   
  • Financing
  • Transfer of Property
  • Disclosures
  • Real Estate Practice
  • Contracts
  • and more...