Colorado License LawIntermediateColorado Exam
Under Colorado rules, a real estate broker must disclose in their advertising if they are:
AA member of a professional organization, as is customary in this jurisdiction
BThe owner of the property being advertised or have a personal interest in itCorrect
CA part-time broker
DA new licensee in their first year
Why The owner of the property being advertised or have a personal interest in it Is Correct
Answer B: The owner of the property being advertised or have a personal interest in it
Colorado Commission rules require brokers to disclose when they have a personal interest in a property they are advertising, such as being the owner. This prevents consumers from being misled about the nature of the transaction.
People Also Study
Related Colorado Questions
- Colorado Commission rules require brokers to maintain complete transaction files containing all contracts, addenda, and disclosures for a minimum of:Colorado License Law
- Under Colorado Commission rules, a broker who receives compensation for property management activities must provide their principal with:Colorado License Law
- A Colorado broker who is advertising a property for sale must include which information under Commission rules?Agency
- A Colorado property owner grants their neighbor the right to cross their land to access a lake. This is an example of:Property Ownership
- A Colorado property owner grants an easement for a power line across their land. This type of easement, held by the utility company, is called:Property Ownership
- 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 property is sold for $525,000 with a 5.5% commission. The listing broker and buyer's broker split the commission 50/50. The listing associate receives 60% of their office's share. How much does the listing associate earn?Real Estate Math
- A Colorado seller purchased their home for $320,000 and is selling it for $415,000. After paying a 6% commission, what is the seller's profit?Real Estate Math
Key Terms to Know
Right of First Refusal
A contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Math Concepts
State-Specific Concepts
License Law
Practice More Colorado Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →