Colorado Flashcards

1
Q

Public records

A

are maintained by each county clerk and record office

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2
Q

The time beyond which the title must be searched is limited in states that have adopted the Marketable Title Act (which includesColorado).

A

Title search. only the current owner to the root

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3
Q

In Colorado, the buyer must make any objections to the title prior to the objection deadline identified in the contract.
Once the buyer accepts the deed, if the title is unmarketable, the only recourse available is to sue under the covenants of the deed depending upon they type of deed that was conveyed

A

Marketable Title

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4
Q

Proof of Ownership

A
  1. A Certificate of Title(statement of opinionof the title status
  2. Title Insurance(policy holder is protected by any losses)
  3. A Torrens Certificate(
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5
Q

Levels of

licensure in Colorado

A

Broker Associate
Independent Broker
Employing Broker –

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6
Q

Financing in Colorado

A

Must MOrtgage loans originators must be licensed

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