Real Estate Colorado 21 Correctly Answered Questions Latest Update

How are court costs and legal fees handled if a dispute over the Residential Contract to Buy and Sell goes to court? They are split evenly between the parties. They are awarded to the winning party. They are awarded to the broker. They are awarded to the losing party. {Ans: They are awarded to the winning party.}If a contract is signed under duress, it is: Bleached Discharged Voidable Void {Ans: Voidable}Mr. and Mrs. Snively have a contract to purchase a home for $257,000. A hailstorm damaged the roof to the tune of $27,500 before closing. What remedy does the buyer have? Snively's can be entitled to credit for half the insurance proceeds resulting from the damage Snively's broker can wait until the roof is repaired then make a decision whether they want to continue with the contract Snively's can demand that the roof be replaced prior to closing Snively's have an option of whether they will or will not proceed with this contract {Ans: Snively's have an option of whether they will or will not proceed with this contract}When making a counter offer by using the approved Counterproposal form - how do you change dates? Add an