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An agent may calculate square footage based on how much living space there is\u2014in other words, areas of the home that are heated such as the kitchen, bathrooms, bedrooms, and so on. The appraiser, on the other hand, evaluates the total value of a home.
Both the seller and listing broker have obligations concerning the use of this form, and the buyer and buyer's broker need to have an understanding of what this form represents by way of disclosures. The SPD form is referenced in the Contract to Buy and Sell (CBS) in section 10.1: \u201c10.1. Seller's Property Disclosure.
In Colorado, sellers have a duty to disclose information the buyer would find of significant importance about the property. This information is a material fact. Sellers are also supposed to reveal issues that could negatively affect the property's value. This is an adverse material fact.
Section 4. It requires the listing licensee to disclose the square footage of the floor space of the living area of the residence to the buyer and seller when a licensee disseminates such information, including submission to a multiple listing service.
Colorado's Disclosure Laws. Colorado state statutes require that sellers of residential property disclose the following to buyers: That the property might be in a special taxing district, and where the buyer can go to find out whether the property is, in fact, within such a district.
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But, there are 12 states that are still considered \u201cnon-disclosure:\u201d Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah and Wyoming. In a non-disclosure state, transaction sale prices are not available to the public.
Colorado doesn't have any statutes or regulations that require landlords to disclose high concentrations of mold in rental properties to prospective tenants or buyers.
In Colorado, sellers have a duty to disclose information the buyer would find of significant importance about the property. This information is a material fact. Sellers are also supposed to reveal issues that could negatively affect the property's value.
Pitfall #1: Misrepresenting Square Footage or Lot Size Discrepancies in square footage or lot size may lead to a lawsuit in which a buyer claims that a seller's agent made misrepresentations in the listing.
Pitfall #1: Misrepresenting Square Footage or Lot Size Discrepancies in square footage or lot size may lead to a lawsuit in which a buyer claims that a seller's agent made misrepresentations in the listing.

colorado seller's property disclosure