The Colorado Real Estate Commission provides:
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No standard forms
The Colorado Real Estate Commission does in fact provide standard forms, and claiming it provides 'no standard forms' is factually false; the Commission's forms program is one of the most robust and well-known in the country and is a defining feature of Colorado real estate practice.
Approved standard contract forms that must be used
Optional forms only
The Commission's forms are not merely optional β Colorado law requires licensees to use the Commission-approved forms for most residential transactions, and using non-approved forms without proper justification can constitute a violation of the Colorado Real Estate License Law.
Forms for brokers only
The Commission's forms are not limited to brokers only; they are designed to be used in transactions involving all parties, including buyers and sellers, and their use is required of licensees regardless of whether they represent buyers, sellers, or act as transaction brokers.
Why is this correct?
The Colorado Real Estate Commission, operating under the Colorado Revised Statutes Β§ 12-10-213, is empowered to promulgate standard forms that licensed brokers are required to use in most residential real estate transactions. These forms, which include the Contract to Buy and Sell Real Estate, are not optional β their use is mandated to protect consumers and ensure legal compliance throughout the transaction.
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