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A real estate letter of intent (LOI) outlines the terms of a proposed real estate contract between a buyer or tenant and a property owner. The letter indicates the buyer/applicants intention to buy or lease the property and opens negotiations between the parties.
The Colorado-approved Agreement to Amend/Extend form should be signed After the purchase contract has been accepted. Correct option is C. The Agreement to Amend/Extend form is typically used to make changes to an existing purchase contract or to extend its terms.
An Exclusive Brokerage addendum relieves a broker from any obligations of advertising a property. An Open Listing allows a broker to receive compensation even if another broker sells the property. The Exclusive Brokerage listing agreement in Colorado is the same thing as an Exclusive Agency listing agreement.
A Colorado land contract is a binding legal document with which a seller and buyer stipulate the terms of a land sale. The contract records all pertinent information surrounding the purchase and sale of the land, such as the agreed-upon price and relevant deadlines.
A contract addendum can be used to prolong the life of an existing agreement when both parties are content with it yet want to keep working together after its initial expiration date.
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Through the adoption and promulgation of Commission Rule F, it became compulsory for all real estate brokers licensed by the State of Colorado to use Commission approved forms in most of their contracting. 12-61-803(4) C.R.S.
The (TDS) describes the condition of a property and, in the case of a sale, must be given to a prospective buyer as soon as practicable and before transfer of title.

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