Colorado Real Estate Broker Exam — All Questions

All Property Ownership Land Use Controls & Regulations Valuation & Market Analysis Financing Contracts Agency Property Disclosures Property Management Transfer of Title Practice of Real Estate Real Estate Calculations Colorado Forms & Contracts Licensee Activities Brokerage Relationships Closing & Settlement Licensing Requirements Recordkeeping & Trust Accounts

1 questions

Property Disclosures

For a home built before 1978, federal law generally requires sellers and their agents to give buyers a disclosure and pamphlet regarding:

a.Lead-based paint hazards✓
b.Radon gas testing results
c.Homeowners association dues
d.The seller's original purchase price

The federal Residential Lead-Based Paint Hazard Reduction Act requires disclosure of known lead-based paint and hazards for most housing built before 1978, plus the EPA pamphlet and a ten-day inspection opportunity. Radon and HOA disclosures may be required by state law but are not the subject of this federal pre-1978 rule. A seller's purchase price is not a required federal disclosure.