This form is for an option to purchase residential real estate - Commercial lot or land. It contains provisons for the payment of option money and other terms of the transaction.
Colorado Option For the Sale and Purchase of Real Estate - Commercial Lot or Land
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How to fill out Option For The Sale And Purchase Of Real Estate - Commercial Lot Or Land?
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FAQ
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.
A holdover clause permits your real estate brokerage to collect its fee or commission from you if you enter into a purchase contract with a buyer within a specific number of days after your listing agreement ends and that buyer was introduced to your property during the term of the listing agreement.
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.
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.
How should you make changes to an existing listing agreement? Complete a Listing Contract Amendment.
How would you use the Agreement to Amend/Extend Contract form to delete a date-related provision from the original executed sales contract? Add an attachment to the amendment indicating which provisions should be deleted. Mark that item in the "Deleted" column of the amendment.
In which of the following instances would you use the Agreement to Amend/Extend Contract? 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.
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.
Which party should create an amend/extend because buyer needs more time for an inspection? If buyer needs more time, buyer's agent (also known as the selling agent) has to request it. It's the RESPA Law!
(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.