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The Colorado real estate commission approved listing forms provides for? The broker to disclose any adverse material facts about the property.

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 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.

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.

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

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.