COLORADO CONTRACTS AND REGULATIONS EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED.| latest update 2024/25|

COLORADO CONTRACTS AND REGULATIONS EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. A termination contract cancels a purchase contract but not the _______________ - -listing contract True or False: Lien holders must have a signed approval for a short sale to occur. - -True True or False: A release of lien from the property does not by itself release seller from liability for the debt. - -True In a short sale, Lien Holder may condition its agreement on Seller doing any of the following: - -1. making a cash payment 2. signing a new note 3. continuing to owe the unpaid portion of the debt, and/or agreeing to other requirements of the lien holder. The Seller may Terminate if the terms and conditions from Lien Holder to obtain a release of the lien are not acceptable to the Seller, by Seller's written notice received by Buyer on or before ___ days after the Short Sale Acceptance. - -3