Exam 101 Colorado

Question 1

A broker may list a property currently listed by another broker when:
A. The new listing begins after the current listing ends
B. The broker initiates contact with seller
C. No sign is on seller’s property
D. New broker offers significantly lower commission fee

Answer 1

A. The new listing begins after the current listing ends

Question 2

A "single party listing" must not include:
A. Buyer's name 
B. A holdover clause 
C. Address reference 
D. Time frame for completion

Answer 2

B. A holdover clause

Question 3

An apartment in Colorado rents for $979 per month. If the rent was paid in advance on the first of the month, what is the proration if the closing date is the 10th of December?
A. The buyer owes the seller $284.23
B. The seller owes the buyer $315.81
C. The seller owes the buyer $694.77
D. The buyer owes the seller $663.19

Answer 3

C. The seller owes the buyer $694.77