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Commonly Asked Questions about Colorado Real Estate Legal Documents

No. You may have noticed that often some multi-page contracts contain a location on each page for all parties to initial. Often you will see these small signature lines in the lower right hand corner of each individual page of a contract.
Colorados Disclosure Laws. Colorado state statutes require that sellers of residential property disclose the following to buyers: That the property might be in a special taxing district, and where the buyer can go to find out whether the property is, in fact, within such a district.
Some homebuyers wonder if every page or change on a real estate contract needs to be separately initialed by both parties to make it legal. The short answer is no, but if it is initialed, it is better proof that all terms were brought to everyones attention should things go wrong.
To be binding and enforceable at law, all contracts must have four essential elements: (1) mutual assent, (2) consideration, (3) competent parties, and (4) legal purpose.
In every residential sales transaction, a Square Footage Disclosure form is required to be completed and signed by both the Seller and Buyer.
Navigate to Colorado Department of Regulatory Agencies (DORA), Division of Real Estate online portal, eLicense Online. This online portal allows anyone to conduct a Colorado real estate license search.
They generally need to be signed by the sender and the receiver to activate the terms of the agreement, show that they accept the terms of the contract and make it valid, although there are some forms of contracts that dont necessarily need to be signed for a court to deem the contract valid.
There is no legal requirement to initial on a contract or agreement.