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Colorado real estate contract to buy and sell

Brokerage disclosure to 2025

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The document is a comprehensive Contract to Buy and Sell Real Estate (Residential) approved by the Colorado Real Estate Commission. It outlines the agreement between a buyer and seller regarding the purchase of a property, detailing terms such as parties involved, property description, inclusions and exclusions, financing conditions, closing provisions, and legal obligations. The contract emphasizes the importance of consulting legal counsel before signing due to its significant legal implications.

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What must brokers disclose to customers?

Brokers are required to disclose odors, smoke, noises, and other nuisances from industrial, commercial, or military sources that may affect the property occupants. The broker may also require the disclosure of nearby farm operations, landfills, shooting ranges, airports, and other similar nuisances.

What should an agent disclose to his buyer client?

Real estate licensees must disclose any material facts or defects that could impact the value or desirability of the property. This includes structural issues, as well as issues such as leaks and water damage or any other defect that may affect the buyers decision to purchase the property.

What does a broker have the duty to disclose to a prospective buyer?

Rationale: A real estate licensee has a duty to disclose to all parties, including their principal and the firms client all material facts. A material fact about the property is any issue that would affect a sellers willingness to sell and a buyers willingness to buy.

What is a brokerage disclosure to a tenant?

The landlords agent must disclose to potential tenants all adverse material facts actually known by the landlords agent about the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the landlord.

What is a brokerage relationship disclosure?

It is a resource to provide to a consumer when asked about the different brokerage relationships. It also provides assurance that the relationships have been explained to the consumer.

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What obligations does a broker have to the customer?

A broker who becomes a fiduciary of his client must act with utmost good faith, reasonable care, and loyalty concerning the customers account, and owes a duty to keep informed regarding changes in the market which affect his customers interests, to act responsibly to protect those interests, to keep the customer

Which information must be disclosed to a prospective buyer?

Most states require the seller and real estate licensee to: Disclose any material defects, problems, or issues with the property that may influence either the price of the property or a buyers decision to purchase.

Brokerage disclosure to 2025

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What must brokers disclose to customers?

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