Colorado Broker Practice Test

Specific performance is the remedy that allows the seller to sue to compel the buyer to complete the purchase. Real estate is considered unique, so a court will often order the buyer to perform the contract when monetary damages wouldn’t adequately compensate the seller. Damages can be sought, but they don’t force the sale itself. Liquidated damages set a pre-agreed payment for breach and don’t compel the buyer to buy. Mediation is a dispute-resolution process, not a remedy to enforce performance. Termination ends the contract, not compel performance. So, the option that best fits allowing the seller to sue for damages or require the buyer to purchase is specific performance.