Contracts
In Colorado, what is the effect of a buyer submitting an 'Objection' notice under the CBS contract's inspection contingency?
AA. The contract is immediately terminated
BB. The seller is contractually required to make all requested repairs
CC. The buyer identifies items they want addressed (repaired, credited, or other resolution) and the parties must negotiate a resolution by the Inspection Resolution Deadline✓ Correct
DD. The buyer loses their earnest money
Explanation
When a buyer submits an inspection objection notice under the Colorado CBS contract, they are not terminating the contract — they are identifying issues and requesting resolution. The parties then have until the Inspection Resolution Deadline to negotiate repairs, price reductions, credits, or other solutions.
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