QuestionJuly 31, 2025

"Additional provisions" within the Commissionapproved Contract to Buy and Sell Real Estate: are approved by the Colorado real estate commission may be used for personal provisions is an appropriate place for the a broker addendum must be transaction specific

"Additional provisions" within the Commissionapproved Contract to Buy and Sell Real Estate: are approved by the Colorado real estate commission may be used for personal provisions is an appropriate place for the a broker addendum must be transaction specific
"Additional provisions" within the Commissionapproved Contract to Buy and Sell Real Estate:
are approved by the Colorado real estate commission
may be used for personal provisions
is an appropriate place for the a broker addendum
must be transaction specific

Solution
4.1(317 votes)

Answer

Options 2, 3, and 4: may be used for personal provisions; is an appropriate place for the a broker addendum; must be transaction specific. Explanation 1. Understand the context The question is about the "Additional provisions" section in a real estate contract approved by the Colorado Real Estate Commission. We need to determine which statement accurately describes this section. 2. Analyze each option - Option 1: "are approved by the Colorado real estate commission" suggests that additional provisions themselves are pre-approved, which is not typically the case as they are often customized for specific transactions. - Option 2: "may be used for personal provisions" implies that this section can include terms specific to the parties involved, which is generally true. - Option 3: "is an appropriate place for the a broker addendum" indicates that brokers can use this section to add their own clauses, which is also accurate. - Option 4: "must be transaction specific" means that these provisions should be tailored to the particular deal, which is correct. 3. Determine the correct options Options 2, 3, and 4 correctly describe the purpose and use of the "Additional provisions" section within the contract.

Explanation

1. Understand the context<br /> The question is about the "Additional provisions" section in a real estate contract approved by the Colorado Real Estate Commission. We need to determine which statement accurately describes this section.<br /><br />2. Analyze each option<br /> - Option 1: "are approved by the Colorado real estate commission" suggests that additional provisions themselves are pre-approved, which is not typically the case as they are often customized for specific transactions.<br /> - Option 2: "may be used for personal provisions" implies that this section can include terms specific to the parties involved, which is generally true.<br /> - Option 3: "is an appropriate place for the a broker addendum" indicates that brokers can use this section to add their own clauses, which is also accurate.<br /> - Option 4: "must be transaction specific" means that these provisions should be tailored to the particular deal, which is correct.<br /><br />3. Determine the correct options<br /> Options 2, 3, and 4 correctly describe the purpose and use of the "Additional provisions" section within the contract.
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