Agency
A Colorado buyer who purchases a home using a buyer's broker and then contacts the listing broker directly to negotiate repairs after the inspection should:
AA. This is acceptable and encouraged to save time
BB. Route all communications through their buyer's broker, as directly negotiating with the listing broker may undermine their representation and the buyer's position✓ Correct
CC. Only contact the listing broker if the buyer's broker is unavailable
DD. Always contact the listing broker directly to get better results
Explanation
In a represented transaction, all negotiations should go through the parties' respective brokers. A buyer who contacts the listing broker directly may inadvertently disclose their negotiating position, undermine their buyer's broker's advocacy, and create confusion about representation.
Related Colorado Agency Questions
- In Colorado, an agent's 'duty of disclosure' requires disclosing all material facts to:
- In Colorado, a broker's 'duty of reasonable care' means the broker must:
- A Colorado broker who is also the buyer in a transaction they listed has a conflict of interest. They should:
- A Colorado agent representing a buyer negotiates a price reduction from $500,000 to $470,000. The agent's competence is evaluated based on the 'reasonable care and skill' standard. This means the agent must:
- A Colorado broker working as a transaction broker receives confidential information from the buyer about their maximum purchase price. The broker may:
- Under Colorado law, 'dual agency' as it exists in many states is:
- In Colorado, a real estate broker who is also the seller of a property they personally own must:
- Under Colorado law, a broker's duty to disclose material facts continues until:
Practice More Colorado Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →