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10 Cards in this Set
- Front
- Back
- 3rd side (hint)
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A lender has filed a notice of election and demand. The sale must take place |
No more than 125 days unless agricultural land. |
The new law in effect 1/1/08 states that for non-agricultural land the sale can be no less than 110 days and no more than 125 days from the recording of the notice of election and demand. |
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If the buyers pyrchase is located in a special taxing district, the buyer may choose to _____ the contract. |
Terminate |
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If a broker does not measure the residential property himself, he must then disclose |
Source |
Remember (1) the licensee is never required to measure the property (2) only residential property is measure by the licensee (3) if licensee measures, the method used must be disclosed (4) if licensee didn't mwasure, the source of measurement must be disclosed (5) the measurement can't be used for loan purposes and (6) if exact measurement is a concern, the property should be independently measured. |
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Which following trust account records show each individual transaction |
Ledger |
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Which of the following trust account records show all transactions in chronological order |
Journal |
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Which of the following would not be acceptable for disclosing brokerage relationships |
Definitions of working relationships. |
Definitions of working relationships is just an informational definitions form that describes the legal brokerage relationships in colorado but is not a disclosure form. |
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Which is a legal brokerage relationship in colorado |
Representing a buyer as his agent and the seller as a customer |
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As an agent for the seller you must |
Offer only price and terms acceptable to the seller |
Colorado law states the broker is under no duty to disclose psychological stigmas, the broker us only required to advise the seller to seek legal counsel and the broker has no duty to investigate for the seller. |
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An associate broker is transferring to another office, who must notify the real estate commission |
Both |
The commission states that there is joint responsibility on both the employing broker and the broker associate to give notice |
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Colorado fair housing act provides protection to buyers purchasing what type of property that is not included in the federal fair housing act |
Commercial |
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