COLORADO FORMS AND CONTRACTS STUDY GUIDE ALL
2026/2027 QUESTIONS AND SOLUTIONS RATED A+
✔✔All contracts belong to the brokerage firm - ✔✔The parties are the customer ( Seller,
buyer, or tenant) and the brokerage firm
Brokerage firms or customers attorneys may drafty transaction specific listing
agreement
Brokerage firm's attorneys may draft an addendum to be used by all brokers in the firm
for all listings
✔✔Expressed written contract - ✔✔Required for all realestate transactions done by
brokerage
✔✔Brokerage relationship - ✔✔Only the designated broker, not be employing broker,
has the brokerage relationship with the consumer
✔✔Single party listing ( CP-13) - ✔✔A broker who takes a single party listing should did
the following
Make the listing specific to the buyer
Remove the holdover clause
✔✔Seller's property disclosure - ✔✔The seller fills out and signs the form( the broker
does not)
The seller certifies to truth of statement based on the seller's current actual knowledge
The seller must disclose material facts known by them, even if selling "as is" .
Disclosure of material facts is not optional
If the seller declines to complete the disclosure form, the broker should inform the seller
that the buyer will most likely request the disclosure as part of the contracted by buy
and sell
✔✔Square footage disclosure - ✔✔Required to be supplied by the listing broker in a
timely manner, if square footage of a residential property is given
If the listing broker measures the property, indicate which method was used
If another source of square footage is used, name the source
The listing broker may not use an unreliable source
, Square footage is for marketing not for valuation or financing
✔✔Agreement to amend/extend contract with broker - ✔✔This form is used to
modify/change/an existing listing contract
The broker must amend or extend a listing or buyer representation agreement before
the termination date
✔✔Change of status form - ✔✔Used when an agent will double and a transaction and
become a transaction broker for both parties
This is not a contractor new agreement
✔✔Stages of a Real Estate purchase contract - ✔✔Study page 26
✔✔Parties of a contract to buy and sell realestate - ✔✔The parties are the buyer and
the seller
The brokerage firm is not a party to this contract
The brokerage firm's attorney may not draft a general or specific contract form for a
buyer or seller
Brokers may help the buyer and/or seller draft addendum to reflect negotiated items
Brokers or brokerage firms may not draft and attach any addendum that was not
negotiated between the buyer and the seller unless the addendum is created by :
The principal to the transaction
An attorney representing the principal or the brokerage firm
✔✔Rule F-3 violation - ✔✔Brokers in firms are in violation of rule F - 3 if they attach a
non negotiated addenda to a contract to buy and sell real estate
✔✔Inclusions and exclusions - ✔✔Fixtures must be excluded
Personal property must be included
Inclusions would be listed in a different font in the contract
✔✔Appraisal provision - ✔✔The cost of the appraisal is negotiated
2026/2027 QUESTIONS AND SOLUTIONS RATED A+
✔✔All contracts belong to the brokerage firm - ✔✔The parties are the customer ( Seller,
buyer, or tenant) and the brokerage firm
Brokerage firms or customers attorneys may drafty transaction specific listing
agreement
Brokerage firm's attorneys may draft an addendum to be used by all brokers in the firm
for all listings
✔✔Expressed written contract - ✔✔Required for all realestate transactions done by
brokerage
✔✔Brokerage relationship - ✔✔Only the designated broker, not be employing broker,
has the brokerage relationship with the consumer
✔✔Single party listing ( CP-13) - ✔✔A broker who takes a single party listing should did
the following
Make the listing specific to the buyer
Remove the holdover clause
✔✔Seller's property disclosure - ✔✔The seller fills out and signs the form( the broker
does not)
The seller certifies to truth of statement based on the seller's current actual knowledge
The seller must disclose material facts known by them, even if selling "as is" .
Disclosure of material facts is not optional
If the seller declines to complete the disclosure form, the broker should inform the seller
that the buyer will most likely request the disclosure as part of the contracted by buy
and sell
✔✔Square footage disclosure - ✔✔Required to be supplied by the listing broker in a
timely manner, if square footage of a residential property is given
If the listing broker measures the property, indicate which method was used
If another source of square footage is used, name the source
The listing broker may not use an unreliable source
, Square footage is for marketing not for valuation or financing
✔✔Agreement to amend/extend contract with broker - ✔✔This form is used to
modify/change/an existing listing contract
The broker must amend or extend a listing or buyer representation agreement before
the termination date
✔✔Change of status form - ✔✔Used when an agent will double and a transaction and
become a transaction broker for both parties
This is not a contractor new agreement
✔✔Stages of a Real Estate purchase contract - ✔✔Study page 26
✔✔Parties of a contract to buy and sell realestate - ✔✔The parties are the buyer and
the seller
The brokerage firm is not a party to this contract
The brokerage firm's attorney may not draft a general or specific contract form for a
buyer or seller
Brokers may help the buyer and/or seller draft addendum to reflect negotiated items
Brokers or brokerage firms may not draft and attach any addendum that was not
negotiated between the buyer and the seller unless the addendum is created by :
The principal to the transaction
An attorney representing the principal or the brokerage firm
✔✔Rule F-3 violation - ✔✔Brokers in firms are in violation of rule F - 3 if they attach a
non negotiated addenda to a contract to buy and sell real estate
✔✔Inclusions and exclusions - ✔✔Fixtures must be excluded
Personal property must be included
Inclusions would be listed in a different font in the contract
✔✔Appraisal provision - ✔✔The cost of the appraisal is negotiated
