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Real Estate Salesperson Exam — National Portion

Employment (CO): practice questions

Our Real Estate (National) bank has 3 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Colorado

Who keeps custody of an employed Colorado broker's license?

  1. The employed broker, displayed at home
  2. The employing broker
  3. The commission
  4. The local board
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B. The employing broker — C.R.S. 12-10-211(2).

Question 2 · Colorado

From whom may an employed Colorado broker accept a commission?

  1. Any party
  2. Their employing broker
  3. The title company
  4. The buyer directly, if disclosed in writing
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B. Their employing broker — C.R.S. 12-10-221.

Question 3 · Colorado

What happens if a Colorado licensee changes employment without notifying the commission?

  1. Nothing
  2. The license is automatically inactivated
  3. A $500 fine
  4. The license is revoked after a hearing
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B. The license is automatically inactivated — C.R.S. 12-10-211(1).

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