Contracts
When a Colorado buyer exercises the 'Termination Option' in the Contract to Buy and Sell, the buyer:
AMust provide a specific reason for termination
BMay terminate the contract for any reason by the deadline and receive back the earnest money✓ Correct
CForfeits the earnest money as a penalty for termination
DCan only terminate if the seller agrees
Explanation
Colorado's Contract to Buy and Sell includes a Termination Option (typically during the inspection period). If the buyer exercises this right by the deadline, they may terminate for any reason and receive a full refund of their earnest money.
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