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A comprehensive set of practice questions and answers for the colorado real estate licensing exam. it covers various aspects of real estate law, brokerage relationships, agency, and ethical considerations. The questions are designed to test knowledge of colorado-specific regulations and best practices, making it a valuable resource for aspiring real estate professionals in the state. the detailed answers offer explanations and insights into the legal framework governing real estate transactions in colorado.
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C. George Brilliant, Colorado Licensee #AB67123. D. ABC by George Brilliant.: B
C. agent for the buyer. D. dual agent.: B
B. No specific duties - agency duties are to the principal. C. Fair and honest dealing and disclosure of material facts about the property. D. Honest dealing and full disclosure of anything the broker knows about the transaction.: C
D. customer.: D
d. seller would owe a commission even if they list with another broker.: D
d. Walk away from this listing as the seller is obviously not being forthright.: C
b. buyer could be held responsible for the brokers commission. c. broker's fee must come from the seller. d. broker cannot collect a fee.: B
c. must reveal his identity to the Sellers agent. d. may do so by instructing the broker.: D
b. Assist in the valuation c. Provide exact square footage d. For marketing: D