Duties of Powers of the Real Estate Commission (2 items, 3%) Flashcards Preview

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Flashcards in Duties of Powers of the Real Estate Commission (2 items, 3%) Deck (9)
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1

Administrative rules adopted by the Colorado Real Estate Commission have the same ______ and ________ as LAW and provide more _________ and _________ for the administration.

force and effect

detail and guidelines

2

While most applicants need to have _____ hours of education, attorneys only need ___ hours in:
- _______ accounts
- _________ keeping
- _____ _________ closings

Attorneys must still pass the ________ __________.

168; 12

-trust
-record
-real estate

licensing examination.

3

A partnership, LLC, or corporation, considered a _______ ________, must designate a qualified _________ in its application for licensure.

brokerage entity
broker

4

The name of the brokerage entity must be on all "___ _____" ______.

"for sale" signs.

5

There can only be one _______ ______ in any office.

employing broker

6

*Licenses are renewed every __ years and require the completion of ___ hours of continuing education, including taking the _____________ _________ Course each year beginning in 2003.*

3
24 hours
Commission Update

7

Continuing education requirements may be met by passing the _________ ______ of the ________ exam.

Colorado portion
licensing

8

The __-hour _______ _________ course can only be used to change status to an Employing Broker. The Broker ____________ course can be used to meet the continuing education requirement.

24-hour Broker Administration
Reactivation

9

License expires on the individual's ________ _____ of their initial license.

anniversary date