Agency
In Colorado, the 'Customer' status in a real estate transaction (as used in brokerage relationship disclosure) refers to:
AA. A party who has a signed buyer agency agreement
BB. A party who receives limited ministerial services from a broker but is not represented by that broker✓ Correct
CC. Any person who purchases real estate
DD. A party who has paid a retainer to the broker
Explanation
In Colorado brokerage disclosure terminology, a 'customer' is a person who receives ministerial services (such as providing information or showing a property) from a broker without a formal representation agreement. A 'client' is a person who has entered into an agency or transaction broker relationship.
Related Colorado Agency Questions
- A Colorado buyer's broker who also shows one of their own listings to the buyer has a potential:
- In Colorado, the 'duty of confidentiality' owed by a buyer's agent means:
- In Colorado, a real estate broker who is also the seller of a property they personally own must:
- In Colorado, a broker's obligation to 'disclose all known material facts' applies to:
- Under Colorado brokerage relationship statutes, which form must a broker provide to a buyer or seller at the first substantial contact?
- A Colorado broker who consistently suggests that buyers of a certain ethnicity should look in specific neighborhoods is practicing:
- In Colorado, the phrase 'caveat emptor' (buyer beware) has been largely replaced by:
- In Colorado, a broker who is a transaction broker discovers the seller has a hidden structural defect. The broker must:
Practice More Colorado Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →