Colorado Forms and Contracts Study guides, Class notes & Summaries

COLORADO FORMS AND CONTRACTS QUESTIONS & ANSWERS, 100% ACCURATE. What is the purpose of Rule F? - -To assist brokers in complying with Conway Bogue (limited right to practice law) by allowing them to use standard or approved forms. T/F - If a form is approved, a broker must use it. - -T - broker's are required to use approved forms. A brokerage firm's attorney may not draft a document for *general* use in the RE firm. T/F - Attorney's may draft transaction-specific contracts for the ...

COLORADO FORMS AND CONTRACTS QUESTIONS AND ANSWERS REAL/ VERIFIED The buyer executes an inspection objection form on the inspection objection date. The seller does not respond by the inspection resolution date. The buyer asked for a repair to a cracked sewer line and a faulty gas valve on the furnace. They also wanted a broken window repaired. This home has fallen out of contract and is back on the market. Does the seller need to disclose the sewer line and gas valve to the next buyer? ...

COLORADO FORMS AND CONTRACTS EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. VERIFIED. Chapter 7 - Colorado Real Estate Commission (CREC) - -Approves standard forms to promote contracting uniformity and legal compliance Exclusive Right-to-Sell Exclusive Right-to-Lease - -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 - -This listing agre...

Colorado Forms and Contracts Latest Version 100% Correct Rule F Purpose of rule F is to assist brokers in complying Conway Bogue decision Deals with forms If a form is approved, brokers must use it Certain clauses specified by rule may be omitted in the printing of the form , primary financing methods that do not apply Contract forms generated by computer ( Rule F) Reproduce language exactly as approved Have software security to prevent language from being inadvertently changed or deleted ...