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The Exclusive Right-to-Buy Agreement obligates the buyer to pay the broker if the selling broker cannot be compensated from some other source. The obligation for the seller to pay the broker a commission is a provision which benefits the buyer and is an agreement between the buyer and the seller.
SOURCE OF WATER Colorado requires that sellers disclose a property's potable wa- ter source (if any) to potential buyers in connection with a real estate transaction.
The Agreement to Amend/Extend Contract is used to changes the conditions in an accepted contract to purchase. It cannot be used to change the conditions of an offer as an offer has not been accepted.
The Agreement to Amend/Extend contract is used to change the conditions of a contract the broker IS NOT a party to such as the Contract to Buy & Sell. The Agreement to Amend/Extend With Broker is to be used for changes to contracts the broker IS A PARTY to such as the the Listing Contract or Buyer Agency Agreement.
Send an Amend/Extend Contract form to change the loan objection deadline and then inform the seller and the listing broker of the buyer's inability to obtain funding. Use the Amend/Extend Contract form to extend the contingency, as verbally agreed to by the seller, to have the buyer's earnest money returned.
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.
Colorado Revised Statutes Title 8. Labor and Industry § 8-2-113. Unlawful to intimidate worker--agreement not to compete. (1) It shall be unlawful to use force, threats, or other means of intimidation to prevent any person from engaging in any lawful occupation at any place he sees fit.