Contracts
In a Colorado commercial real estate transaction, the contract most often used is:
AThe Colorado Real Estate Commission's residential Contract to Buy and Sell
BA custom contract negotiated by attorneys or using a commercial form✓ Correct
CThe NAR standard commercial form
DA verbal agreement ratified by both parties' attorneys
Explanation
Unlike residential transactions where use of the Commission-promulgated forms is required, commercial real estate transactions in Colorado may use custom contracts drafted by attorneys or commercially available forms. Commission residential forms are not mandatory for commercial deals.
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