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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.
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.
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.
When buying and selling property in Colorado, most transactions will use the contract approved by the Colorado Real Estate Commission. The Colorado contract to Buy and Sell real estate is 17 pages long and is written to protect the buyer.
Colorado has a specific agreement that is used to buy and sell residential property called the Colorado Real Estate Commission's Contract to Buy and Sell Real Estate.
How many approve sales contract does Colorado have? Three. The Colorado real estate commission approved listing forms provides for? The broker to disclose any adverse material facts about the property.
Real Estate Commission The Division has a five-member Commission who meet bi-monthly to conduct rulemaking hearings, make policy decisions, consider licensing matters, review complaints and take disciplinary action against real estate brokers.
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.