This form should be used for the sale of a residential lot or land.
Colorado Contract for the Sale and Purchase of Real Estate - No Broker - Residential Lot or Land
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State:
Multi-State
Control #:
US-00472B
Format:
Word;
Rich Text
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How to fill out Contract For The Sale And Purchase Of Real Estate - No Broker - Residential Lot Or Land?
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FAQ
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.
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.
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.
Because a counteroffer serves as a rejection, it completely voids the original offer. This means that the original offer can no longer be accepted.
The closing clause generally describes what must take place at closing to avoid default. A seller must provide clear and marketable title. A buyer must produce purchase funds. Failure to complete any pre-closing requirements stated in the sale contract is default and grounds for the aggrieved party to seek recourse.
Intent to pay off loan is not a Colorado Real Estate Commission approved form. Whenever a section which is allowed to be omitted from any approved contract is omitted (such as the Seller Financing section of the Contract to Buy and Sell when the buyer is getting a new loan from a bank), you cannot remove it completely.
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).
How to write a real estate purchase agreement.Identify the address of the property being purchased, including all required legal descriptions.Identify the names and addresses of both the buyer and the seller.Detail the price of the property and the terms of the purchase.Set the closing date and closing costs.More items...
Non-negotiable means not open for debate or modification. It can refer to the price of a good or security that is firmly established and cannot be adjusted, or a part of a contract or deal that is considered a requirement by one or both involved parties.
Intent to pay off loan is not a Colorado Real Estate Commission approved form. Whenever a section which is allowed to be omitted from any approved contract is omitted (such as the Seller Financing section of the Contract to Buy and Sell when the buyer is getting a new loan from a bank), you cannot remove it completely.