Agency
In Colorado, a broker's 'duty of reasonable care' means the broker must:
AA. Guarantee that all transactions close without problems
BB. Apply the knowledge, skills, and diligence that a reasonable, competent broker would use under similar circumstances✓ Correct
CC. Only use Colorado Commission-approved forms
DD. Consult with the Colorado Real Estate Commission before completing any transaction
Explanation
The duty of reasonable care requires a Colorado broker to perform their professional services with the same degree of skill, knowledge, and diligence that a competent broker would use under similar circumstances. It does not guarantee perfect results, but requires the broker to act as a reasonably skilled professional would in their market.
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