![]() In other words, a single agent broker is an extension of the client. A single agent owes a fiduciary duty to his client, meaning that he has to act in that client’s best interest, he can advise the client on the terms of the transaction, and he must inform that client of any communications with the other party. (8) A transaction-broker may cooperate with other brokers but shall not engage or create any subagents.A single agent broker is a broker that represents only one party to the transaction. (7) There shall be no imputation of knowledge or information between any party and the transaction-broker or among persons within an entity engaged as a transaction-broker. (d) Serve as a single agent or transaction-broker for the same or for different parties in other real estate transactions. (c) Show properties in which the buyer or tenant is interested to other prospective buyers or tenants and (b) List competing properties for sale or lease (a) Show alternative properties not owned by the seller or landlord to a prospective buyer or tenant (6) A transaction-broker may do the following without breaching any obligation or responsibility: (5) A transaction-broker has no duty to conduct an independent investigation of the buyer's or tenant's financial condition or to verify the accuracy or completeness of any statement made by the buyer or tenant. (4) A transaction-broker has no duty to conduct an independent inspection of the property for the benefit of the buyer or tenant and has no duty to independently verify the accuracy or completeness of statements made by the seller, landlord, or independent inspectors. (f) Any material information about the other party unless disclosure is required by law or failure to disclose such information would constitute fraud or dishonest dealing. (e) Any facts or suspicions regarding circumstances which may psychologically impact or stigmatize any real property pursuant to section 38-35.5-101, C.R.S. (d) That a seller, buyer, landlord, or tenant will agree to financing terms other than those offered (c) What the motivating factors are for any party buying, selling, or leasing the property (b) That a seller or landlord is willing to accept less than the asking price or lease rate for the property (a) That a buyer or tenant is willing to pay more than the purchase price or lease rate offered for the property (3) The following information shall not be disclosed by a transaction-broker without the informed consent of all parties: (d) To comply with any applicable federal, state, or local laws, rules, regulations, or ordinances including fair housing and civil rights statutes or regulations. (c) To comply with all requirements of this article and any rules promulgated pursuant to this article and (VIII) Informing the parties that as seller and buyer or as landlord and tenant they shall not be vicariously liable for any acts of the transaction-broker (VII) Disclosing to any prospective seller or landlord all adverse material facts actually known by the broker including but not limited to adverse material facts pertaining to the buyer's or tenant's financial ability to perform the terms of the transaction and the buyer's intent to occupy the property as a principal residence and (VI) Disclosing to all prospective buyers or tenants any adverse material facts actually known by the broker including but not limited to adverse material facts pertaining to the title, the physical condition of the property, any defects in the property, and any environmental hazards affecting the property required by law to be disclosed (V) Assisting the parties in complying with the terms and conditions of any contract including closing the transaction ![]() ![]() (IV) Keeping the parties fully informed regarding the transaction (III) Accounting in a timely manner for all money and property received (II) Advising the parties regarding the transaction and suggesting that such parties obtain expert advice as to material matters about which the transaction-broker knows but the specifics of which are beyond the expertise of such broker (I) Presenting all offers and counteroffers in a timely manner regardless of whether the property is subject to a contract for sale or lease or letter of intent (b) To exercise reasonable skill and care as a transaction-broker, including, but not limited to: (a) To perform the terms of any written or oral agreement made with any party to the transaction (2) A transaction-broker shall have the following obligations and responsibilities: (1) A broker engaged as a transaction-broker is not an agent for either party. ![]()
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