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What is a brokerage document?

When must the Colorado Change of Status form be completed? In Colorado, brokers must immediately present the Change of Status form when they find themselves working for both parties in the same transaction. The form must be presented to the parties with whom the broker has an agency relationship.

What is the purpose of a disclosure form?

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 disclosure to tenant?

Its a legal document between the broker and the buyer. It explains the brokers role in the purchasing and selling of the property. The role of both parties, their duties, legal limitations, and obligations are included.

What is a brokerage disclosure to a tenant?

brokers must retain brokerage relationship disclosure documents for five years for all residential transactions that result in a written contract to purchase and sell real property.

What is the disclosure of the brokerage relationship?

The brokerage disclosure is a written explanation signed by the prospective buyer or seller of real estate, which clearly explains the brokers role in the transaction.