Colorado Real Estate Exam Practice Questions (2025)

Colorado's real estate broker associate exam has 154 questions: 74 national and 80 state-specific. You need 75% (116/154) to pass. Colorado licenses brokers (not salespersons) — new licensees become "broker associates." Here are practice questions from both sections.

National Section Questions

Q1: Which type of listing agreement requires the seller to pay a commission regardless of who finds the buyer? A) Open listing B) Exclusive agency listing C) Exclusive right to sell listing D) Net listing

Answer: C — In an exclusive right to sell listing, the broker earns a commission no matter who sells the property, including the owner.

Q2: A property has a gross annual rent of $72,000 and similar properties sell at a GRM of 10 (based on annual rents). What is the indicated value? - Value = GRM × Annual Rent = 10 × $72,000 = $720,000

Q3: Under TRID, which disclosure must be provided within 3 business days of a mortgage application? A) Closing Disclosure B) Loan Estimate C) Settlement Statement D) Good Faith Estimate

Answer: B — The Loan Estimate must be provided within 3 business days of application. The Closing Disclosure must be provided at least 3 business days before closing.

Colorado-Specific Section Questions

Q4: Colorado real estate is regulated by: A) Colorado Real Estate Commission (CREC) under DORA B) Colorado Department of Revenue C) Colorado Real Estate Commissioner (single individual) D) Colorado Realtor Standards Board

Answer: A — The Colorado Real Estate Commission (CREC) operates under the Department of Regulatory Agencies (DORA). CREC is a 5-member commission.

Q5: Colorado real estate license law is found in: A) Colorado Revised Statutes Title 12, Article 10 B) Colorado Revised Statutes Title 38 (Property) C) Colorado Administrative Code 4 CCR 725-1 D) Colorado Real Estate Practices Act

Answer: A — Colorado's Real Estate License Law is in CRS Title 12, Article 10 (formerly Article 61). Implementing rules are in 4 CCR 725-1.

Q6: In Colorado, new real estate licensees receive: A) A salesperson license B) A provisional broker license C) A broker associate license D) An associate license

Answer: C — Colorado skips the "salesperson" designation entirely. All new licensees receive a broker associate license (working under an employing broker). After 2 years and 24 hours of additional education, they can become independent brokers.

Q7: Colorado requires broker associate applicants to complete how many hours of prelicense education? A) 45 hours B) 168 hours C) 168 hours total across 5 courses D) 90 hours

Answer: C — Colorado requires 168 hours of prelicense education in 5 courses: Real Estate Closings (24 hr), Contracts and Regulations (48 hr), Current Legal Issues (8 hr), Real Estate Law and Practice (48 hr), Trust Accounts and Record Keeping (8 hr), Colorado Contracts and Regulations (32 hr). Wait — the current requirement is 168 hours across several specified courses.

Q8: Colorado uses which type of contract for residential real estate purchases? A) Standard forms created by the Colorado Association of Realtors B) CREC-promulgated standard forms (mandatory) C) Contracts drafted by attorneys for each transaction D) FNMA standard contract forms

Answer: B — Colorado's Real Estate Commission promulgates standard contract forms that must be used by licensees. This is similar to Texas's TREC forms — using non-approved forms is a license violation.

Q9: Which Colorado contract form allows a buyer to terminate for any reason? A) Colorado Contract to Buy and Sell Real Estate B) Agreement to Amend/Extend C) The Inspection Objection D) Colorado's Due Diligence Contract addendum

Answer: A — The Colorado Contract to Buy and Sell Real Estate includes an Inspection Objection and Resolution process, but Colorado also has a Termination Deadline — a specific date by which the buyer must terminate if they choose to walk away.

Q10: Colorado's annual continuing education requirement for active licensees is: A) 8 hours per year B) 12 hours per year C) 24 hours every 3 years D) 24 hours per annual renewal period

Answer: A — Colorado requires 24 hours of CE per 3-year license cycle — which equals approximately 8 hours per year. Licenses renew every 3 years.

Key Colorado Topics

• CREC under DORA: 5-member commission
• CRS Title 12, Article 10: Colorado license law
• 168-hour prelicense: Required for broker associate
• Broker associate → independent broker: After 2 years + 24 additional hours
• CREC promulgated forms: Mandatory (like Texas TREC forms)

[Practice Colorado questions at CARealestate.com/states/colorado](https://carealestate.com/states/colorado)