Agency
In Colorado, a listing broker who represents the seller as a single agent owes the seller which of the following duties?
AA. Obedience, loyalty, disclosure, confidentiality, accountability, and reasonable care✓ Correct
BB. Only disclosure of material facts
CC. The same duties owed to a transaction broker client
DD. No special duties beyond honesty
Explanation
A single agent in Colorado owes the principal the traditional fiduciary duties: obedience, loyalty, disclosure, confidentiality, accountability (or accounting), and reasonable care — often remembered by the acronym OLD CAR.
Related Colorado Agency Questions
- A Colorado buyer's agent who receives a written counteroffer from the seller must:
- Under Colorado brokerage law, which of the following is NOT a limited duty owed by a transaction broker?
- In Colorado, a seller's broker who inadvertently discovers that the buyer's lender has a lower pre-approval amount than the contract price should:
- In Colorado, an 'open listing' agreement means:
- In Colorado, a seller's agent is required to disclose to the buyer which of the following?
- The Colorado 'Definitions of Working Relationships' form explains which types of brokerage relationships are available. These types are:
- 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:
- In Colorado, the duty a broker owes 'not to engage in self-dealing' means:
Practice More Colorado Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →