Agency
In Colorado, a broker representing a buyer who discovers the seller is a licensed real estate broker should:
AA. Immediately terminate the buyer representation
BB. Disclose to the buyer that the seller is a licensed broker, as this is a material fact✓ Correct
CC. Give the seller special discounts on the commission
DD. Assume the transaction will not be binding
Explanation
When a seller is a licensed real estate broker, this is a material fact that should be disclosed to the buyer. A licensed broker-seller may have greater knowledge of real estate transactions and negotiation strategies.
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