In Colorado, a 'seller's agent' owes the buyer which of the following duties?
Why B. Honesty and disclosure of material facts that adversely affect the buyer, even if the seller would prefer they not be disclosed Is Correct
Answer B: B. Honesty and disclosure of material facts that adversely affect the buyer, even if the seller would prefer they not be disclosed
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
- In Colorado, a 'seller's agent' owes which of the following fiduciary duties to the seller?Agency
- A Colorado broker who owes fiduciary duties to the seller should NOT:Agency
- Under Colorado Commission rules, a broker who acts as a 'subagent' to a listing broker owes fiduciary duties to:Colorado License Law
- In Colorado, an agent's 'duty of disclosure' requires disclosing all material facts to:Agency
- In Colorado, a 'transaction broker' owes which of the following duties to the parties?Agency
- A Colorado property built before 1978 may contain which hazardous material that requires disclosure under federal law?Environmental
Key Terms to Know
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
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 →