Flashcards in Colorado Forms & Contracts (22 items, 30%) Deck (10)
Leasing contracts for 1+ yrs are void IF...
-Not in writing
-Must be signed by both parties
All real estate sales contracts must be in ________ and are void unless there is a
written ____________ of ______________ and are _______ by the _________.
expression of consideration;
signed by the seller
Colorado makes oral contracts for sale and oral lease contracts for more than a year ______, rather than ________________ or ________________.
Failure of the broker to collect all ____________ and _______ required on the documents that are under the broker's control is subject to __________ _______ and a ______ _________.
Brokers are not allowed to prepare legal documents other than __________ -__________ ________.
When the brokerage firm holds the earnest money, the funds must be delivered to the closing entity ___ or ______ closing.
at or before
Colorado does not require a that a deed be _______________ (____________) before recording, but an _____________ deed can only be used as _____________ in court if it has been recorded for ___ years.
After ___ years, an unacknowledged deed has the same status as an....(2 words)
Failure to disclose the presence of _____ paint is subject of a fine of up to $_______ per _________.
$10,000 per violation.