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Commission Approved Contracts Other forms used by a broker shall not be prepared by a broker, unless otherwise permitted by law. The Division of Real Estate, on behalf of the Colorado Real Estate Commission, makes Commission-approved forms available to third-party vendors upon request.
Real estate and mortgage broker licenses can be searched via DORA's Division of Real Estate website at . Search by license number, personal name, or business name.
It is unlawful for any person, firm, partnership, limited liability company, association, or corporation to engage in the business or capacity of real estate broker in this state without first having obtained a license from the commission.
The withholding tax which is for income tax purposes is 2% of the selling price or the seller's net proceeds, whichever is less. The Colorado Real Estate Commission has approved all but which of the following forms? Intent to pay off loan is not a Colorado Real Estate Commission approved form.
Through the adoption and promulgation of Commission Rule F, it became compulsory for all real estate brokers licensed by the State of Colorado to use Commission approved forms in most of their contracting. 12-61-803(4) C.R.S.
Is the practice of law but is specifically permitted by Colorado law. Under which circumstance is it NOT necessary to use a Colorado Real Estate Commission-approved form? When purchasing a newly constructed home - Builders use contracts prepared by their own attorneys.
The Colorado real estate commission approved listing forms provides for? The broker to disclose any adverse material facts about the property.
Some homebuyers wonder if every page or change on a real estate contract needs to be separately initialed by both parties to make it legal. The short answer is no, but if it is initialed, it is better proof that all terms were brought to everyone's attention should things go wrong.