Colorado License Law
A Colorado broker who 'misrepresents a material fact' in a real estate transaction may be subject to:
AA. Only a minor administrative warning
BB. License discipline (suspension or revocation), civil liability for damages, and potential criminal charges if fraud is involved✓ Correct
CC. Only a fine payable to the buyer
DD. No consequences if the misrepresentation was unintentional
Explanation
Misrepresentation of a material fact in a real estate transaction is a serious offense in Colorado. It can result in: (1) license discipline by the Colorado Real Estate Commission (suspension, revocation, or civil penalty); (2) civil liability to the harmed party for actual damages; and (3) criminal fraud charges if intentional.
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