Colorado Real Estate Exam Prep Q&A Latest Update
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Colorado Real Estate Exam Prep Q&A Latest Update
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| Uploaded on: | May 13, 2025 |
| Last updated: | May 13, 2025 |
| Number of pages: | 16 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | Colorado Real Estate Exam Prep Q&A Latest Update |
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Colorado Real Estate Exam Prep | Q&A Latest Update 2025/2026 | 100% PASS Title Theory - Answer -lender owns, borrower has equitable title Hypothecation - Answer -pledging property as collateral for a loan without giving up possession Mortgagee - Answer -Lender Mortgagor - Answer -borrower Non Judicial foreclosure - Answer -*CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure - Answer -No sale. Full legal title given to lender, loss of equity for borrower Judicial foreclosure - Answer -done through courts in *Title Theory states Conversion - Answer -illegal use of entrusted money Comingling - Answer -mixing client monies or mixing with personal monies Express Agency - Answer -Actual, formal written agreement establishing terms and conditions
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