Contracts
Under the Colorado Contract to Buy and Sell, the 'Closing Date Extension' addendum is used when:
AThe buyer wants to lower the purchase price
BBoth parties agree to extend the original closing date✓ Correct
CThe seller wants to raise the price after contract
DThe broker wants to extend the listing agreement
Explanation
The Closing Date Extension addendum is used when both parties mutually agree to extend the original closing date, typically due to delays in financing, title issues, or other circumstances.
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