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Colorado Forms and Contracts
Questions and Answers Latest 2026
Chapter 7 - Colorado Real Estate Commission (CREC)
Ans: Approves standard forms to promote contracting
uniformity and legal compliance
Exclusive Right-to-Sell
Exclusive Right-to-Lease Ans: All listing contracts in
Colorado start with one of of these two contracts; a seller
can add an exclusive agency or an open listing, licensee
adds the appropriate addendum
Exclusive right-to-sell Ans: This listing agreement
provides the listing agent with a commission no matter
who brings the buyer to the sale and requires the highest
level of services to the seller
Exclusive agency Ans: This listing agreement allows the
sellers find a buyer themselves, the listing agent receives
no commission; the listing agent is only paid if they bring
the buyer
Open listing Ans: This listing agreement would allow
multiple brokers the opportunity to sell the home, only
the broker who is the procuring cause of the sale receives
a commission; if seller finds a buyer, the brokers holding
the open listing receive no commission
© 2025 All rights reserved
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Net listing Ans: A listing where the seller designates a
sales price, and the agent receives a commission any
amount the buyer pays over that designated price;
discouraged in Colorado because of potential abuse
Single-party listings Ans: This type of listing is used
when a broker or the seller has a prospective buyer in
mind for the property; generally have listing periods of
only a few days; only valid if named prospect actually
buys the property; must add commission-specific
provisions to stay true to the listing's intent
Buyer representation agreement Ans: An employment
agreement between the broker and buyer/tenant; legally
binding when in writing and signed by all parties to the
agreement
Exclusive Right-to-Buy Listing Contract Ans: The CREC-
mandated form to establish the broker-buyer agency
agreement
Exclusive Tenant Listing Agreement Ans: The CREC-
mandated form to establish the broker-tenant agency
agreement
Definitions of Working Relationships Form Ans: This
form must be given before any confidential information
is exchanged between the potential client and the broker;
explains the types of agency relationships permitted in
Colorado
CREC Rule 6.14.D Ans: Requires all listing agreements to
have a definite termination date
© 2025 All rights reserved
Colorado Forms and Contracts
Questions and Answers Latest 2026
Chapter 7 - Colorado Real Estate Commission (CREC)
Ans: Approves standard forms to promote contracting
uniformity and legal compliance
Exclusive Right-to-Sell
Exclusive Right-to-Lease Ans: All listing contracts in
Colorado start with one of of these two contracts; a seller
can add an exclusive agency or an open listing, licensee
adds the appropriate addendum
Exclusive right-to-sell Ans: This listing agreement
provides the listing agent with a commission no matter
who brings the buyer to the sale and requires the highest
level of services to the seller
Exclusive agency Ans: This listing agreement allows the
sellers find a buyer themselves, the listing agent receives
no commission; the listing agent is only paid if they bring
the buyer
Open listing Ans: This listing agreement would allow
multiple brokers the opportunity to sell the home, only
the broker who is the procuring cause of the sale receives
a commission; if seller finds a buyer, the brokers holding
the open listing receive no commission
© 2025 All rights reserved
, 2 | Page
Net listing Ans: A listing where the seller designates a
sales price, and the agent receives a commission any
amount the buyer pays over that designated price;
discouraged in Colorado because of potential abuse
Single-party listings Ans: This type of listing is used
when a broker or the seller has a prospective buyer in
mind for the property; generally have listing periods of
only a few days; only valid if named prospect actually
buys the property; must add commission-specific
provisions to stay true to the listing's intent
Buyer representation agreement Ans: An employment
agreement between the broker and buyer/tenant; legally
binding when in writing and signed by all parties to the
agreement
Exclusive Right-to-Buy Listing Contract Ans: The CREC-
mandated form to establish the broker-buyer agency
agreement
Exclusive Tenant Listing Agreement Ans: The CREC-
mandated form to establish the broker-tenant agency
agreement
Definitions of Working Relationships Form Ans: This
form must be given before any confidential information
is exchanged between the potential client and the broker;
explains the types of agency relationships permitted in
Colorado
CREC Rule 6.14.D Ans: Requires all listing agreements to
have a definite termination date
© 2025 All rights reserved
