Agency
A Colorado broker who is advertising a property for sale must include which information under Commission rules?
AThe broker's personal cell phone number only
BThe brokerage firm name and a way to contact the firm✓ Correct
CThe broker's personal residential address
DThe seller's name and contact information
Explanation
Colorado Commission rules require that all advertising identify the employing brokerage firm (not just the individual broker). Brokers must include the brokerage name and contact information in all advertising to ensure accountability and compliance.
People Also Study
Related Colorado Questions
- A Colorado broker earns a 3% commission on a $575,000 sale. After a 40/60 split with their employing broker (broker keeps 40%), how much does the individual broker receive?Real Estate Math
- Colorado Commission rules require brokers to maintain complete transaction files containing all contracts, addenda, and disclosures for a minimum of:Colorado License Law
- A Colorado broker advertises without including the name of their employing brokerage. This violates:Colorado License Law
- A Colorado broker's office has a total annual commission income of $1,200,000. The employing broker receives 30% and the remaining 70% is split equally among 10 associate brokers. How much does each associate broker earn annually?Real Estate Math
- A Colorado broker earns a 5% commission on a $780,000 sale. Their split with the employing broker is 55% to the associate and 45% to the office. How much does the associate earn?Real Estate Math
- Colorado requires that an employing broker's name appear on all licensed brokers' business cards and marketing materials because:Colorado License Law
- A Colorado broker earns 2.5% as a buyer's agent on a $520,000 sale. Their brokerage takes 30% of the commission. How much does the broker personally receive?Real Estate Math
- Under Colorado brokerage relationship statutes, which form must a broker provide to a buyer or seller at the first substantial contact?Agency
Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Math Concepts
State-Specific Concepts
DRE Regulation
Study This Topic
Practice More Colorado Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →