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L CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) 7 8 9 10 Date: e l p 11 AGREEMENT 12 13 1. AGREEMENT. Buyer, identified in 2.1, agrees to buy, and Seller, identified in 2.3, agrees to sell, the Property described below on the terms and conditions set forth in this contract (Contract). 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 2. 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46.
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Remediated FAQ
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The Licensee buyout addendum need only be used if the agent is purchasing their own listing. Closing instructions are to be generated by the listing broker when the property is listed, so that they are ready for the buyers signature as soon as a purchase contract is offered.
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I. Commission Approved Forms 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.
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The Colorado residential purchase and sale agreement establishes the terms and conditions of a real property transaction between a buyer and a seller. In most cases, a real estate broker (or two brokers, one for each party) will be involved in the transaction.
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In Colorado, who of the following is exempt from real estate license law? Investor who owns 12 investment properties and sells one to an owner-occupant. Inactive licensee assisting friends in filling out purchase offers and negotiating deals.
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The Licensee buyout addendum need only be used if the agent is purchasing their own listing. Closing instructions are to be generated by the listing broker when the property is listed, so that they are ready for the buyers signature as soon as a purchase contract is offered.
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Under which circumstance is it NOT necessary to use a Colorado Real Estate Commission-approved form? Builders use contracts prepared by their own attorneys.
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COMMISSION APPROVED FORMS grants the Colorado Real Estate Commission statutory authority to promulgate standard forms for use by licensees. One of the major purposes of the rule is to help to insure broker compliance with the Colorado Supreme Court Conway-Bogue decision.
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Any broker who is acting as an agent may not write a prepared addendum for the Commission approved Contract to Buy and Sell.
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