Colorado Termite Report Provision for Contract for the Sale and Purchase of Real Property

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Termite Report Provision for Contract for the Sale and Purchase of Real Property

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FAQ

(f) A broker may omit part or all of the following provisions of the Contract to Buy and Sell Real Estate, or corresponding provisions in other Commission-approved forms, if such provisions do not apply to the transaction.

Colorado's Disclosure Laws. Colorado state statutes require that sellers of residential property disclose the following to buyers: That the property might be in a special taxing district, and where the buyer can go to find out whether the property is, in fact, within such a district.

Which of the following is correct according to the Colorado Real Estate Commission Position Statement regarding Rule F? Brokers may not add exculpatory language limiting their liability to any contract to which they are not a party such as the Contract to Buy and Sell.

In Colorado, sellers have a duty to disclose information the buyer would find of significant importance about the property. This information is a material fact. Sellers are also supposed to reveal issues that could negatively affect the property's value. This is an adverse material fact.

If rejected, the seller can counter the offer. Both parties can count as many times as they want until they sign a mutual agreement or one party stops responding.

A broker listed and sold a property where the seller gave the buyer $5,000 in concessions. The Broker should do all of the following Except? Notify the title company or Real Estate Commission.

If you're considering purchasing or selling a resale home (meaning an existing home rather than a new build home) in Colorado, the agreement under which you might purchase or sell the property is the Colorado Real Estate Commission's (CREC) Contract to Buy and Sell Real Estate (Residential).

Purchase Agreement A purchase agreement (also called a sales contract) is a binding contract between two parties (property buyer and property seller) to transfer a particular property. This contract specifies the details regarding the sale of a property.

Updated January 08, 2022. A Colorado buyer agency agreement defines the relationship between an agent and an individual who is in the market to purchase real estate. The agreement will be drafted after the agent agrees to work with a client to help them find a property to purchase.

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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Colorado Termite Report Provision for Contract for the Sale and Purchase of Real Property