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MULTISTATE FORM US00472B CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE NO BROKER VACANT RESIDENTIAL LAND WARNING: THIS CONTRACT HAS SUBSTANTIAL LEGAL CONSEQUENCES AND THE PARTIES ARE ADVISED TO CONSULT LEGAL AND TAX COUNSEL Preview on Page 1

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A party was coercing or threatening the other party into signing the agreement. A party was under undue influence (one party dominated the will of another) Mistakes are present in the contract that affect whether one or both parties can carry out their obligations. A party breaches the terms of the contract.
Which of the following is TRUE for a person maintaining an inactive Colorado real estate license? 1 They must maintain errors and omissions insurance.
In Colorado, real estate agreements have to occur in writing. If it's not in writing, it never happened! Therefore, you are under contract only if and when both parties have signed the contract. Congratulations!
The Division of Real Estate protects the consumer through the licensing, regulation and enforcement of licensed real estate professionals.
(f) A broker may omit part or all of the following provisions of the \u201cContract to Buy and Sell Real Estate\u201d, or corresponding provisions in other Commission-approved forms, if such provisions do not apply to the transaction.

People also ask

If you are not a licensed real estate agent, you cannot market a property if you want to assign a contract. You can only market the rights to the contract you hold. This is a critical distinction. As a wholesaler, when you assign a contract, you'll collect an assignment fee for your efforts.
(f) A broker may omit part or all of the following provisions of the \u201cContract to Buy and Sell Real Estate\u201d, or corresponding provisions in other Commission-approved forms, if such provisions do not apply to the transaction.
To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.
A buyer breaches the contract by not paying the earnest money at the agreed time. A buyer can be liable for the amount of the earnest money even if it is not paid.
In Colorado, real estate agreements have to occur in writing. If it's not in writing, it never happened! Therefore, you are under contract only if and when both parties have signed the contract. Congratulations!