Colorado License LawIntermediateColorado Exam
A Colorado broker who sells a property belonging to a family member must:
ACharge a reduced commission to avoid a conflict of interest
BDisclose the relationship to all parties in the transactionCorrect
CWithdraw from the transaction entirely
DHave the family member represent themselves
Why Disclose the relationship to all parties in the transaction Is Correct
Answer B: Disclose the relationship to all parties in the transaction
A Colorado broker who has a personal or family relationship with a party in a transaction must disclose this relationship to all other parties. The disclosure allows the other parties to make informed decisions about whether to proceed.
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