Contracts
In the Colorado CBS contract, the 'Seller's Representations and Warranties' section requires the seller to:
AA. Guarantee the property is defect-free
BB. Represent that they have the authority and capacity to sell the property and that certain conditions about the property are true as of the contract date✓ Correct
CC. Provide a full warranty of all systems
DD. Agree to all buyer's repair requests
Explanation
The Seller's Representations section of the Colorado CBS contract requires the seller to represent (but not guarantee) that: they have the authority to sell, they are unaware of certain adverse conditions, the property is not subject to certain encumbrances not already disclosed, and other matters. These representations are subject to the seller's actual knowledge and the overall disclosure framework.
People Also Study
Related Colorado Questions
- The Colorado Disclosure of Environmental Hazards form requires sellers to disclose knowledge of which conditions?Environmental
- Under the Colorado Contract to Buy and Sell, the 'inspection objection' provision allows the buyer to object to conditions discovered during inspection. The seller's response options include all of the following EXCEPT:Contracts
- Under Colorado's Contract to Buy and Sell, the 'Seller's Property Disclosure' (SPD) is:Contracts
- The Colorado Contract to Buy and Sell includes an 'Inclusions and Exclusions' section. Fixtures are presumed to be:Contracts
- Under Colorado's Contract to Buy and Sell, the 'Source of Funds' provision requires the buyer to:Contracts
- Colorado's 'Natural Hazard Disclosure' requirements related to the Contract to Buy and Sell include disclosure of:Environmental
- Under Colorado license law, which entity has the authority to promulgate (create) the standard real estate contract forms?Colorado License Law
- A Colorado property built before 1978 may contain which hazardous material that requires disclosure under federal law?Environmental
Key Terms to Know
Encumbrance
Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Study This Topic
Practice More Colorado Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →