Colorado License Law
A Colorado broker is required to disclose their license status to the parties in a transaction:
AOnly if directly asked
BAt the first substantial contact or before entering into any agency relationship✓ Correct
COnly at the time of closing
DOnly in commercial transactions
Explanation
Colorado brokers must disclose their license status and the nature of their brokerage relationship at the first substantial contact with prospective clients or before entering into any agency or transaction broker relationship.
Related Colorado Colorado License Law Questions
- A Colorado broker who is also a licensed attorney and provides both real estate brokerage AND legal services in the same transaction must:
- A Colorado broker who receives a written complaint from a client to their employing broker:
- The Colorado Division of Real Estate (DORA) is responsible for all of the following EXCEPT:
- A Colorado broker who manages a real estate office must post which document in a conspicuous location?
- A Colorado broker who receives a client's complaint must:
- In Colorado, who may act as a transaction broker by default unless a different agency relationship is established?
- In Colorado, a broker must retain all transaction records for a minimum of:
- Colorado's pre-license course covering 'Real Estate Practices' primarily addresses:
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