In Colorado, a seller's agent is required to disclose to the buyer which of the following?
Why Adverse material facts about the property known to the broker Is Correct
Answer C: Adverse material facts about the property known to the broker
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
People Also Study
Related Colorado Questions
- Under Colorado law, a broker's duty to disclose material facts continues until:Agency
- A Colorado broker who fails to disclose a known material fact about the property has potentially breached which duty?Agency
- In Colorado, a broker's obligation to 'disclose all known material facts' applies to:Agency
- In Colorado, an agent's 'duty of disclosure' requires disclosing all material facts to:Agency
- What is the Colorado statutory period required for a successful adverse possession claim?Property Ownership
- In Colorado, homes built before 1978 may contain lead-based paint. The required lead disclosure gives buyers how many days to conduct lead inspections before becoming obligated?Environmental
- A Colorado broker is required to disclose their license status to the parties in a transaction:Colorado License Law
- In Colorado, buyers of property in a 'Special Flood Hazard Area' (SFHA) on FEMA maps are required to:Environmental
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Study This Topic
Practice More Colorado Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →