CO State Exam Q&A Latest Update

Content Preview

CO State Exam | Q&A Latest Update 2025/2026 | 100% PASS Colorado Use Tax would apply to: - Answer -The transfer of personal property in a business or income residence. According to CO Fair Housing laws, a complaint must be filed with the Civil Rights Commission: - Answer -Within one year of the violation Security Deposits held in property management escrow accounts must be deposited within: - Answer -5 days following receipt. (3 days for earnest money) One half of the general property tax has been paid by February 28th; by what date must the balance be paid to avoid any penalty? - Answer June 15th. 1/2 by end of Feb, 1/2 by end of June or 100% by end of April. Who is responsible for determining the mill levy used to determine taxes? - Answer -The county commissioners by setting the mill levy After closing, a managing broker should pay commissions due to company associates: - Answer -From the company operating funds According to statute, "good funds" include a: - Answer -Title insurance corporate check (verifiable). The buyer and seller are in dispute about the earnest money. According to the Contract to Buy and Sell, the earnest money holder: - Answer must interplead earnest money into a court of competent jurisdiction.