Contracts
The Colorado Commission-approved 'Counterproposal' form is used when:
AA buyer submits a new offer on a different property
BA seller wishes to reject and modify specific terms of the buyer's offer✓ Correct
CBoth parties agree to extend the closing date
DA broker changes the listing price
Explanation
The Colorado Counterproposal form is used when a seller rejects the buyer's offer and makes a new proposal modifying specific terms. The counterproposal rejects the original offer and constitutes a new offer.
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