Agency
A Colorado broker who represents a buyer in the purchase of a commercial property should advise the buyer to:
AA. Rely solely on the broker's expertise for all aspects of the transaction
BB. Consult with appropriate experts — including an attorney for legal matters, a CPA for tax implications, and engineers for physical condition — beyond what the broker can provide✓ Correct
CC. Skip due diligence to close faster
DD. Only hire experts after closing if problems arise
Explanation
A Colorado broker's duty includes advising clients to seek expert guidance on matters outside the broker's expertise. For commercial transactions, this means recommending consultations with real estate attorneys (for lease review, contract terms), CPAs or tax advisors (for 1031 exchanges, depreciation), environmental consultants, engineers, and building inspectors. The broker should not represent themselves as an expert in all of these areas.
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