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SOURCE OF WATER Colorado requires that sellers disclose a property's potable wa- ter source (if any) to potential buyers in connection with a real estate transaction.

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.

Water rights are conveyed as real property interests using the same formalities as real estate, with certain exceptions. Transfers are done typically with a deed, which is recorded in the clerk and recorder's office, just as with deeds for land.

With the exclusive right to sell, the agent and their brokerage make a commission no matter who finds the buyer. With an exclusive agency agreement, on the other hand, you retain the right to market and sell to a buyer yourself without paying a commission to the agent.

The Exclusive Right-to-Buy Agreement obligates the buyer to pay the broker if the selling broker cannot be compensated from some other source. The obligation for the seller to pay the broker a commission is a provision which benefits the buyer and is an agreement between the buyer and the seller.

Water is a precious, limited, resource in Colorado and to comply with this statute a Seller's Property Disclosure form or a Source of Potable Water Addendum is provided: Identification of the source of potable water (tap, well, other) Identification of any permits, augmentation plans and other water related information.