Agency
In Colorado, a broker's duty to exercise 'reasonable skill and care' requires them to:
AGuarantee that all transactions close successfully
BPerform their duties with the competence and diligence of a reasonably skilled real estate professional✓ Correct
CNever make any mistakes in a transaction
DComplete every transaction within 30 days
Explanation
The duty of reasonable skill and care requires a Colorado broker to perform their professional duties with the competence, diligence, and care that a reasonably skilled professional in the same position would exercise. It does not guarantee outcomes but requires professional competence.
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