An investor from another state sold a property in Colorado for 428000 The

An investor from another state sold a property in

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101. An investor from another state sold a property in Colorado for $428,000. The property was heavily encumbered and the seller came out with only $5,500 proceeds from closing. The Colorado Department of Revenue withholding requirements require what amount be withheld from the proceeds? a. $5,500 b. $8,560 c. $110 d. $856 102. According to the Contract to Buy and Sell Real Estate, if buyer and seller each sign a separate copy of the contract: MacIntosh Real Estate SchoolColorado Course Final ExamCopyright 2016 - All Rights Reserved. Any Use of the Contents of this exam by other than MacIntosh Students is strictly prohibited by law.Colorado Contracts & Regulations (48 hrs)
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21 103. Regarding generating commission-approved forms through the use of a computer: 104. Which of the following is true concerning designated brokerage? 105. If a broker’s license is revoked, which of the following is untrue concerning the records of such action? a. Records must be held by the real estate commission for 7 years b. Are open to public inspection c. Held by the real estate commission d. Held by the secretary of state 106. What is the purpose of the real estate cash fund?
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