Colorado License Law
Under Colorado Commission rules, a broker who acts as a 'subagent' to a listing broker owes fiduciary duties to:
AThe buyer they are working with
BThe seller (principal) through the listing broker✓ Correct
CBoth buyer and seller equally
DNo one — subagency has been eliminated in Colorado
Explanation
In traditional subagency, a subagent of the listing broker owes fiduciary duties to the seller (the principal), not to the buyer they assist. However, subagency has become uncommon in Colorado, replaced largely by buyer agency and transaction brokerage.
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