If neither the management agreement with the owner nor the tenant's lease addresses who will hold the security deposits, they must be deposited in: (Ans- Account(s) separate from other money belonging to the broker
Colorado Use Tax, a form of sales tax, is payable on the transfer of furniture, equipment, etc. Statute places the obligation to pay this tax by the: (Ans- Buyer
Select the correct statement about a lease in Colorado:
(Ans- All residential leases have an implied warrant of habitability
When a designated broker serves as a single agent for a seller or buyer, imputed knowledge extends to
(Ans- Only other brokers designated to work with the same buyer or seller.
A designated broker may share confidential information about a seller with: (Ans- a supervising broker with the informed consent of the seller
A buyer signs the lead-based paint disclosure form
(Ans- prior to an offer becoming a contract
When using an Exclusive Right to Sell Listing contract
(Ans- The designated broker is given permission to disclose confidential information of seller to the supervising broker.
Broker Bill is selling his own home. He
(Ans- Must disclose that he owns the home
Regarding real estate forms, real estate brokers
(Ans-
1. are required to use Commission-approved forms
2. may use any form
3. may use other forms but they shall not be p
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