Colorado Springs Colorado Brokerage Duties Disclosure to Seller

Name: Colorado Springs Colorado Brokerage Duties Disclosure to Seller
Brand: US Legal Forms
Rating: 4.78 (380 reviews)

Category:

Colorado Real Estate - Statewide - Disclosures

State:

Colorado

City:

Colorado Springs

Control #:

CO-RE-BDD56

Format:

Instant download

This website is not affiliated with any governmental entity

Public form

Description

Brokerage Duties Disclosure to Seller: This is an official Colorado Real Estate Commission form that complies with all applicable Colorado codes and statutes. USLF amends and updates all Colorado forms as is required by Colorado statutes and law.

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FAQ

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.

As approved by the Colorado Real Estate Commission (GD31-9-12), sellers should complete the Green Disclosure form that tackles the energy-related issues of the property sold.

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.

Colorado courts have concluded that sellers are in a superior position to know the condition of a house and therefore have a duty to disclose defects in the house, which is typically accomplished through a seller's property disclosure form.

When a Broker Advertises the square footage of a residential property, including for submission to a multiple listing service, the Broker must disclose the source of the square footage of the floor space of the living area of the residence to Consumers on the Commission-Approved Form.

Facts & Defects Disclosures 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.

Colorado Seller's Property Disclosure Form?Disclosure Requirements. When you sell a home in Colorado, you need to make disclosures under the terms of the Seller's Property Disclosure statement.

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.

Interesting Questions

More info

Brokerage Firm: 3.3. No other Colorado real estate licensees from other brokerage firms are involved in the transaction.High level of supervision for brokers who have been in the business for less than 2 years. 4. This is a disclosure letting you know of the different ways brokers can represent sellers in the state of. Colorado. Brownstone Real Estate Co., 484 A.2d 126, 128 (Pa. Learn more about the Seller's Property Disclosure form and the legal obligations and requirements a seller must comply when selling a home in Colorado. Fill out the form and we will get back to you as soon as possible. It is important to understand the realtor's role in a home purchase or sale. A realtor can either be an agent for one party or a transaction broker. As a broker, their role will be limited to presenting you with facts and filling out forms.

Colorado Springs Colorado Brokerage Duties Disclosure to Seller

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How to fill out Colorado Springs Colorado Brokerage Duties Disclosure To Seller?

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FAQ

What is a brokerage disclosure to buyer Colorado?

Who is responsible for completing the seller's property disclosure form in Colorado?

Is Colorado a non disclosure state for real estate?

Is a seller's property disclosure mandatory in Colorado?

Does Colorado Require square footage disclosure?

Are seller disclosures required in Colorado?

What do you legally have to disclose when selling a house in Colorado?

Is property disclosure statement required in Colorado?

Is mold disclosure required in Colorado?

Interesting Questions

What is a brokerage duties disclosure?

Why is a brokerage duties disclosure important for sellers?

What are the main duties of a real estate broker towards sellers?

Can a broker disclose sensitive information about the seller to potential buyers?

Can a broker represent both the buyer and the seller in a transaction?

What should a seller do if they have concerns about their broker's actions?

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