Conway Bogue requires licensees to meet three requirements. Which option correctly lists these requirements?

• A. Must be connected to the transaction; Must use standard & approved forms; May NOT charge a separate fee for preparing documents.
• B. Must be connected to the transaction; May use any forms with no standard requirement
• C. Must be connected to the transaction only; Must use standard forms only; May not charge fees
• D. Must be connected to the transaction; Must use nonstandard forms; May charge a separate fee

Answer: (A)

The key pattern tested here is the Conway-Bogue requirements for Colorado licensees. A licensee must be connected to the transaction, meaning they are actively providing licensed real estate services in the deal. They must use standard and approved forms to keep documents consistent and legally sound. They may not charge a separate fee for preparing documents; document preparation should be included in the broker’s compensation rather than billed as an extra item. Together, these three conditions define the practice the exam expects. Options that allow nonstandard forms or separate document-prep fees conflict with these rules, while omitting any one of the three elements misses a core part of the Conway-Bogue standard.