Mark Required Fields In Legal Colorado Commercial Property Sale Forms For Free

SELLER'S PROPERTY DISCLOSURE In a Colorado real estate transaction, a seller is obligated to disclosure to a prospective buyer any and all adverse mate- rial facts (adverse material facts are discussed more in Section 2) known about the property and its condition.

The standard commercial real estate commission in Colorado is 6 percent of the sales price. Fees are still negotiable, and high-end properties usually have lower commission fees.

Residential sellers and real estate brokers in Colorado have a duty to disclose any defect known to them that would materially affect a buyer's decision to purchase the property. Failure to disclose defects may result in legal liability.

The Listing Agent should give your agent (called the Buyer's Agent in Arkansas) a Seller's Property Disclosure (SPD). Once you have reviewed the SPD and have decided you're fine with everything reported on it, then you can sign it and proceed with the home buying process.

Commission Approved Contracts Other forms used by a broker shall not be prepared by a broker, unless otherwise permitted by law. The Division of Real Estate, on behalf of the Colorado Real Estate Commission, makes Commission-approved forms available to third-party vendors upon request.

Standard Seller's Property Disclosure Forms Use of these forms is not mandated by statute, but by completing them a seller will ensure that they have disclosed the relevant information that is required by statute, regardless of the manner in which it is disclosed.